Instructions for Decision Making: Part 6


Look at the trials below. These gambles involve chances to win between $400 and $500.

In each case there are 100 tickets in an urn, and one will be drawn at random to determine your prize. Each ticket is equally likely to be drawn, but different tickets have different prize values printed on them. Your task is to decide which gamble you would rather play, and click the button for the gamble you would rather play--the first or second gamble.

Warmup Trials Decision Making


W1.
First Gamble:
     29 tickets to win $500
     71 tickets to win $0
OR
Second Gamble:
     46 tickets to win $400
     54 tickets to win $0
Choose First Gamble Choose Second Gamble


W2.
First Gamble:
     46 tickets to win $400
     54 tickets to win $0
OR
Second Gamble:
     33 tickets to win $475
     67 tickets to win $0
Choose First Gamble Choose Second Gamble


W3.
First Gamble:
     29 tickets to win $500
     71 tickets to win $0
OR
Second Gamble:
     42 tickets to win $425
     58 tickets to win $0
Choose First Gamble Choose Second Gamble


W4.
First Gamble:
     38 tickets to win $450
     54 tickets to win $0
OR
Second Gamble:
     29 tickets to win $500
     71 tickets to win $0
Choose First Gamble Choose Second Gamble



1.
First Gamble:
     29 tickets to win $500
     71 tickets to win $0
OR
Second Gamble:
     33 tickets to win $475
     67 tickets to win $0
Choose First Gamble Choose Second Gamble


2.
First Gamble:
     46 tickets to win $400
     54 tickets to win $0
OR
Second Gamble:
     42 tickets to win $425
     58 tickets to win $0
Choose First Gamble Choose Second Gamble


3.
First Gamble:
     42 tickets to win $425
     58 tickets to win $0
OR
Second Gamble:
     33 tickets to win $475
     67 tickets to win $0
Choose First Gamble Choose Second Gamble


4.
First Gamble:
      33 tickets to win $475
     67 tickets to win $0
OR
Second Gamble:
     38 tickets to win $450
     62 tickets to win $0
Choose First Gamble Choose Second Gamble


5.
First Gamble:
     42 tickets to win $425
     58 tickets to win $0
OR
Second Gamble:
     46 tickets to win $400
     54 tickets to win $0
Choose First Gamble Choose Second Gamble


6.
First Gamble:
     46 tickets to win $400
     54 tickets to win $0
OR
Second Gamble:
     33 tickets to win $475
     67 tickets to win $0
Choose First Gamble Choose Second Gamble


7.
First Gamble:
     29 tickets to win $500
     71 tickets to win $0
OR
Second Gamble:
     42 tickets to win $425
     58 tickets to win $0
Choose First Gamble Choose Second Gamble


8.
First Gamble:
      33 tickets to win $475
     67 tickets to win $0
OR
Second Gamble:
     29 tickets to win $500
     71 tickets to win $0
Choose First Gamble Choose Second Gamble


9.
First Gamble:
     42 tickets to win $425
     58 tickets to win $0
OR
Second Gamble:
     38 tickets to win $450
     62 tickets to win $0
Choose First Gamble Choose Second Gamble


10.
First Gamble:
     38 tickets to win $450
     62 tickets to win $0
OR
Second Gamble:
     29 tickets to win $500
     71 tickets to win $0
Choose First Gamble Choose Second Gamble


11.
First Gamble:
     29 tickets to win $500
     71 tickets to win $0
OR
Second Gamble:
     38 tickets to win $450
     62 tickets to win $0
Choose First Gamble Choose Second Gamble


12.
First Gamble:
     38 tickets to win $450
     62 tickets to win $0
OR
Second Gamble:
     33 tickets to win $475
     67 tickets to win $0
Choose First Gamble Choose Second Gamble


13.
First Gamble:
     46 tickets to win $400
     54 tickets to win $0
OR
Second Gamble:
     29 tickets to win $500
     71 tickets to win $0
Choose First Gamble Choose Second Gamble


14.
First Gamble:
     38 tickets to win $450
     62 tickets to win $0
OR
Second Gamble:
     42 tickets to win $425
     58 tickets to win $0
Choose First Gamble Choose Second Gamble


15.
First Gamble:
     46 tickets to win $400
     54 tickets to win $0
OR
Second Gamble:
     38 tickets to win $450
     62 tickets to win $0
Choose First Gamble Choose Second Gamble


16.
First Gamble:
      33 tickets to win $475
     67 tickets to win $0
OR
Second Gamble:
     42 tickets to win $425
     58 tickets to win $0
Choose First Gamble Choose Second Gamble


17.
First Gamble:
     38 tickets to win $450
     62 tickets to win $0
OR
Second Gamble:
     46 tickets to win $400
     54 tickets to win $0
Choose First Gamble Choose Second Gamble


18.
First Gamble:
     42 tickets to win $425
     58 tickets to win $0
OR
Second Gamble:
     29 tickets to win $500
     71 tickets to win $0
Choose First Gamble Choose Second Gamble


19.
First Gamble:
      33 tickets to win $475
     67 tickets to win $0
OR
Second Gamble:
     46 tickets to win $400
     54 tickets to win $0
Choose First Gamble Choose Second Gamble


20.
First Gamble:
     29 tickets to win $500
     71 tickets to win $0
OR
Second Gamble:
     46 tickets to win $400
     54 tickets to win $0
Choose First Gamble Choose Second Gamble



21. What is your age? years.
22. Gender: Are you Male or Female?
Female
Male

23. How many years of Education have you completed? Put 12 for High School Diploma
Put 16 for college diploma (bachelor's degree).
put 20 for doctorate degree (Ph.D., M.D., etc).
Education:
24. Nationality (country of birth):
25. Comments (CSUF students should enter CSUF and last 4 digits of your ID):

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

Thank You!