Instructions for Choices between Gambles


This is a study of choices between gambles. There are 100 tickets numbered 1 to 100 in an urn. One of these will be randomly drawn to determine the prize of your chosen gamble.

For example, look at the first choice below. If the ticket drawn is 37 for example, and if you had chosen the first gamble you would receive $0 (nothing), but if you had chosen the second gamble, you would win $5. Note that the first gamble pays $0 for any ticket from 1 to 50, whereas the second gamble pays $5 for any ticket from 1 to 50. Suppose the ticket chosen is 87; in that case you would have been better off with the first gamble, which wins $10 for tickets from 51 to 100, whereas in the second gamble you would win only $5 for tickets in that range. In each case, the table shows you the prizes for each ticket number in the two gambles.

At the end of the semester, 10 people will be chosen to receive the prize of one of their chosen gambles. Winners will be contacted by email. Any one of the trials might be the one played for real, so choose carefully!

To indicate your choice, click the button next to the first gamble or second gamble in each pair.

1. chooseTicket Numbers / Prizes $
No. 1-50 No. 51-100
  $0 $10.0
  $5.0 $5.0

2. chooseTicket Numbers / Prizes $
No. 1-50 No. 51-100
  $1.1 $9.7
  $4.0 $4.4

3. chooseTicket Numbers / Prizes $
No. 1-50 No. 51-100
  $4.4 $4.7
  $1 $9.8

4. chooseTicket Numbers / Prizes $
No. 1-10 No. 11-20 No. 21-100
  $4.0 $4.4 $10.1
  $1.1 $9.7 $10.1

5. chooseTicket Numbers / Prizes $
No. 1-30 No. 31-60 No. 61-100
  $1 $7.5 $7.5
  $5.0 $5.0 $5.0

6. chooseTicket Numbers / Prizes $
No. 1-80 No. 81-90 No. 91-100
  $0.2 $1.2 $9.6
  $0.2 $4.0 $4.4

7. chooseTicket Numbers / Prizes $
No. 1-30 No. 31-60 No. 61-100
  $3.0 $3.0 $10.0
  $5.0 $5.0 $5.0

8. chooseTicket Numbers / Prizes $
No. 1-10 No. 11-20 No. 21-100
  $1 $9.8 $10.2
  $4.7 $5.0 $10.2

9. chooseTicket Numbers / Prizes $
No. 1-30 No. 31-60 No. 61-100
  $1 $7.5 $7.5
  $3.0 $3.0 $10.0

10. chooseTicket Numbers / Prizes $
No. 1-10 No. 11-20 No. 21-100
  $1.2 $9.6 $10.0
  $4.0 $4.4 $10.0

11. chooseTicket Numbers / Prizes $
No. 1-30 No. 31-60 No. 61-100
  $3.0 $3.0 $10.0
  $1 $7.5 $7.5

12. chooseTicket Numbers / Prizes $
No. 1-80 No. 81-90 No. 91-100
  $.4 $1 $9.8
  $.4 $4.7 $5.0

13. chooseTicket Numbers / Prizes $
No. 1-30 No. 31-60 No. 61-100
  $5.0 $5.0 $5.0
  $3.0 $3.0 $10.0

14. chooseTicket Numbers / Prizes $
No. 1-80 No. 81-90 No. 91-100
  $.3 $4.0 $4.4
  $.3 $1.1 $9.7

15. chooseTicket Numbers / Prizes $
No. 1-30 No. 31-60 No. 61-100
  $5.0 $5.0 $5.0
  $1 $7.5 $7.5

16. Are you Male or Female?
Female
Male

17. What is your age? years.

18. What is the highest level of education you have completed?

19. Nationality (country of birth, e.g., USA):

20. COMMENTS:

EMAIL:

Please check your answers. When you are done, push the button below.

Thank You!