Decisions Part C: Instructions for Buying 50-50 Gambles


In this part, we want you to continue putting a BUYING PRICE on each gamble.

For gambles you want to play, think of the highest price you would be willing to pay for the opportunity to play the gamble for real and win one of the prizes of the gamble. That is, you will pay an amount of maney and you get to receive the prize of the gamble, depending on the toss of a coin.

For gambles you DO NOT WANT to play, think of the highest price you would pay to AVOID having to play the gamble. This is like BUYING INSURANCE.

In both cases you are buying CONTROL over the gamble. You are buying the right to play it or to avoid it. When you want to play the gamble, just type in the highest amount you would pay to play it. When you DO NOT want to play the gamble, type in a MINUS sign and the highest amount you would pay to AVOID the gamble.

REMEMBERS: Do NOT TYPE the $ dollar sign. DO use the MINUS sign for gambles you DO NOT WANT TO PLAY, and put in the highest price you would pay to AVOID playing the gamble.

1. WIN $20 OR LOSE $90
Buying Price =

2. BREAK EVEN $0 OR LOSE $60
Buying Price =

3. LOSE $20 OR BREAK EVEN $0
Buying Price =

4. WIN $100 OR WIN $30
Buying Price =

5. LOSE $100 OR WIN $90
Buying Price =

6. LOSE $100 OR LOSE $30
Buying Price =

7. LOSE $100 OR WIN $60
Buying Price =

8. WIN $20 OR WIN $60
Buying Price =

9. LOSE $20 OR WIN $60
Buying Price =

10. BREAK EVEN $0 OR BREAK EVEN $0
Buying Price =

11. BREAK EVEN $0 OR WIN $30
Buying Price =

12. WIN $100 OR LOSE $30
Buying Price =

13. WIN $100 OR BREAK EVEN $0
Buying Price =

14. LOSE $100 OR LOSE $90
Buying Price =

15. WIN $20 OR BREAK EVEN $0
Buying Price =

16. WIN $20 OR WIN $30
Buying Price =

17. WIN $100 OR WIN $90
Buying Price =

18. WIN $100 OR LOSE $90
Buying Price =

19. BREAK EVEN $0 OR LOSE $90
Buying Price =

20. LOSE $100 OR WIN $30
Buying Price =

21. WIN $20 OR WIN $90
Buying Price =

22. LOSE $100 OR LOSE $60
Buying Price =

23. WIN $20 OR LOSE $30
Buying Price =

24. WIN $100 OR WIN $60
Buying Price =

25. WIN $20 OR LOSE $60
Buying Price =

26. LOSE $20 OR LOSE $60
Buying Price =

27. LOSE $20 OR LOSE $30
Buying Price =

28. LOSE $20 OR LOSE $90
Buying Price =

29. LOSE $20 OR WIN $30
Buying Price =

30. BREAK EVEN $0 OR WIN $60
Buying Price =

31. LOSE $100 OR BREAK EVEN $0
Buying Price =

32. BREAK EVEN $0 OR WIN $90
Buying Price =

33. WIN $100 OR LOSE $60
Buying Price =

34. BREAK EVEN $0 OR LOSE $30
Buying Price =

35. LOSE $20 OR WIN $90
Buying Price =

36. What is your age? years.
37. Gender: Are you Male or Female?
Female
Male

38. 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:
39. Nationality (country of birth):
40. Comments:
CSUF STUDENTS: In order to Receive Credit toward the SONA requirement, please complete the following:

48. LAST NAME:


49. FIRST NAME:


50. CWID (Campus ID number):


51. EMAIL ADDRESS:

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

Thank You!