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In the first part of the experiment you are going to choose between couples of lotteries.
The following is an example of the decision setting you are facing
# | A | B | ||||
---|---|---|---|---|---|---|
1 | p/10 of €A1 | (1-p)/10 of €A2 | {{ form.HL }} | p/10 of €B1 | (1-p)/10 of €B2 |
You must choose between lottery A and lottery B, with lottery A delivering €A1 with probability p/10 and €A2 with probability (1-p)/10.
Similarly, lottery B delivers €B1 with probability p/10 and €B2 with probability (1-p)/10.
You will face 10 choices between A and B, with p changing across choices.
All your earnings are virtual, no cash is going to be paid to you. However, choose as if the monetary stakes were real.