Decision-Making Experiment: Choices between Gambles: Part 3

Email address:
Country:
Age: You must be over 18 years to participate.
Are you Male or Female?
          Female
      OR
          Male

Education (in years).  
  If you are a college graduate, put 16.
  If you have a Ph.D., put 20.
Education:  Years.

Now, look at the first choice, No. 1, below.   Would you rather play: 
        A: fifty red marbles to win $98 and 
           fifty white marbles to win $2, 
OR
        B: fifty blue marbles to win $40 and 
           fifty green marbles to win $40.

In this case, your prize will be determined by the color of marble that is drawn randomly from an urn. The urns always have exactly 100 marbles, so the number of any given color tells you the percentage that win a given prize.

For each choice below, click the button beside the gamble you would rather play.

1. Which do you choose?
          A: 50 red marbles to win $98
               50 white marbles to win $2
      OR
          B: 50 blue marbles to win $40
               50 green marbles to win $40

2. Which do you choose?
          C: 50 red marbles to win $98
               50 white marbles to win $2
      OR
          D: win $48 for sure
                
3. Which do you choose?
          E: 40 red marbles to win $98
               10 blue marbles to win $40
               10 green marbles to win $40
               40 black marbles to win $2
      OR
          F: 40 red marbles to win $98
               10 orange marbles to win $98
               10 white marbles to win $2
               40 black marbles to win $2

4. Which do you choose?
          G: 90 red marbles to win $98
               05 white marbles to win $2
               05 black marbles to win $2
      OR
          H: 85 red marbles to win $98
               05 orange marbles to win $98
               10 white marbles to win $2

5. Which do you choose?
          I: 10 red marbles to win $40
               40 blue marbles to win $40
               10 green marbles to win $40
               40 white marbles to win $2
      OR
          J: 10 red marbles to win $98
               40 blue marbles to win $40
               10 white marbles to win $2
               40 white marbles to win $2

6. Which do you choose?
          K: 25 red marbles to win $98
               25 brown marbles to win $98
               25 white marbles to win $2
               25 black marbles to win $2
      OR
          L: win $40 for sure

7. Which do you choose?
          M: 10 blue marbles to win $40
               10 green marbles to win $40
               80 black marbles to win $2
      OR
          N: 10 red marbles to win $98
               10 white marbles to win $2
               80 black marbles to win $2

8. Which do you choose?
          O: 25 red marbles to win $98
               25 orange marbles to win $98
               25 white marbles to win $2
               25 black marbles to win $2
      OR
          P: 25 blue marbles to win $48
               25 green marbles to win $48
               25 purple marbles to win $48
               25 pink marbles to win $48

9. Which do you choose?
          Q: 60 blue marbles to win $40
               40 white marbles to win $2
      OR
          R: 10 red marbles to win $98
               40 blue marbles to win $40
               50 white marbles to win $2

10. Which do you choose?
          S: 50 red marbles to win $98
               10 orange marbles to win $98
               10 brown marbles to win $98
               30 white marbles to win $2
      OR
          T: win $50 for sure

11. Which do you choose?
          U: 40 red marbles to win $98
               10 blue marbles to win $40
               40 green marbles to win $40
               10 purple marbles to win $40
      OR
          V: 40 red marbles to win $98
               10 orange marbles to win $98
               40 blue marbles to win $40
               10 black marbles to win $2

12. Which do you choose?
          W: 25 red marbles to win $98
               25 orange marbles to win $98
               25 white marbles to win $2
               25 white marbles to win $2
      OR
          X: 25 blue marbles to win $40
               25 green marbles to win $40
               25 purple marbles to win $40
               25 pink marbles to win $40

13. Which do you choose?
          Y: win $40 for sure
      OR
          Z: 10 red marbles to win $98
               80 blue marbles to win $40
               10 black marbles to win $2

14. Which do you choose?
          a: 25 red marbles to win $98
               25 orange marbles to win $98
               25 white marbles to win $2
               25 black marbles to win $2
      OR
          b: win $40 for sure

15. Which do you choose?
          c: 40 red marbles to win $98
               20 blue marbles to win $40
               40 white marbles to win $2
      OR
          d: 50 red marbles to win $98
               50 white marbles to win $2

16. Which do you choose?
          e: 13 red marbles to win $98
               13 brown marbles to win $98
               12 orange marbles to win $98
               12 yellow marbles to win $98
               12 white marbles to win $2
               12 black marbles to win $2
               13 gray marbles to win $2
               13 tan marbles to win $2
      OR
          f: win $40 for sure

17. Which do you choose?
          g: 10 red marbles to win $98
               30 orange marbles to win $98
               20 green marbles to win $40
               40 black marbles to win $2
      OR
          h: 50 red marbles to win $98
               30 black marbles to win $2
               10 gray marbles to win $2
               10 white marbles to win $2

18. Which do you choose?
          i: 70 red marbles to win $98
               10 white marbles to win $2
               10 black marbles to win $2
               10 gray marbles to win $2
      OR
          j: win $50 for sure

19. Which do you choose?
          k: 80 red marbles to win $98
               20 blue marbles to win $40
      OR
          l: 90 red marbles to win $98
               10 white marbles to win $2

20. Which do you choose?
          m: 90 red marbles to win $98
               05 white marbles to win $4
               05 black marbles to win $2
      OR
          n: 85 red marbles to win $98
               05 orange marbles to win $96
               10 white marbles to win $2

21. Which do you choose?
          o: 20 blue marbles to win $40
               80 white marbles to win $2                
      OR
          p: 10 red marbles to win $98
               90 black marbles to win $2

22. Which do you choose?
          q: 70 red marbles to win $98
               30 black marbles to win $2
      OR
          r: win $50 for sure
                
23. Which do you choose?
          s: 80 red marbles to win $98
               10 blue marbles to win $40
               10 green marbles to win $40
      OR
          t: 80 red marbles to win $98
               10 orange marbles to win $98
               10 white marbles to win $2                
 
24. Which do you choose?
          u: 13 red marbles to win $98
               13 brown marbles to win $98
               12 orange marbles to win $98
               12 yellow marbles to win $98
               12 white marbles to win $2
               12 black marbles to win $2
               13 gray marbles to win $2
               13 tan marbles to win $2
      OR
          v: win $48 for sure
           

25. Which do you choose?
          w: 40 red marbles to win $98
               60 blue marbles to win $40
      OR
          x: 50 red marbles to win $98
               40 blue marbles to win $40
               10 white marbles to win $2 

26. Which do you choose?
          y: 10 blue marbles to win $40
               80 green marbles to win $40
               10 purple marbles to win $40
      OR
          z: 10 red marbles to win $98
               80 blue marbles to win $40
               10 white marbles to win $2                
                                                         
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27. Have you ever read a scientific paper
(i.e., a journal article or book) on the theory of 
decision making or on the psychology of decision making?

          No. Never.            
      OR
          Yes, I have.

CSUF students should enter the last four digits of their ID number in the comments. COMMENTS: Please check to make sure that you have answered all of the questions. When you are finished, push this button to send your data: