Instructions for Would you Like to Play this Gamble? Part A

Imagine that you are given the chance to play a gamble based on the toss of a fair coin. The coin is tossed in the air and you call "HEADS" or "TAILS". If you are right, you get the better of two possible outcomes. If you are wrong, you get the worse outcome. On each trial below you will see two outcomes that might happen on each trial. Each gamble is a 50-50 chance to win one outcome or the other.

Each outcome is equally likely, because the coin has an equal chance of coming out HEADS or TAILS.

We are studying how people decide which gambles they want to play, so many different kinds of trials will be presented. Some examples of the gambles presented are discussed below.

For example, look at the sample trial below:

S1. BREAK EVEN: $0 or WIN $100
Dislike Very Much                  Like Very Much

The gamble above, S1, gives you a fifty-fifty chance to either win $100 or to break even. If you call the coin correctly, you get $100, and if you are wrong, you break even; that is, you don't win or lose anything. Would you like to play this gamble? Most people would like to play it, because you can't lose anything and you have a 50% chance to win $100. If you would like to play this gamble, you should click a button to the right of the center.


S2. WIN $50 or WIN $40
Dislike Very Much                  Like Very Much

The gamble above, S2, gives you a fifty-fifty chance to win either $50 if you call the coin correctly, or $40, if you are wrong. So, you win money either way. Would you rather play this gamble, S2, or the gamble above S1? If you like S2 better than S1, you should click a button farther to the right for S2 than you did in S1.


The next gamble, S3, is a 50-50 chance to either break even or break even, so you can't win or lose money either way. Most people would not care one way or the other whether or not they play this gamble because nothing can be gained or lost. If you don't care one way or the other, click the button in the middle of the scale to indicate that you are neutral toward playing a gamble.

S3. BREAK EVEN: $0 or BREAK EVEN: $0
Dislike Very Much                  Like Very Much


The next gamble is a 50-50 chance to either WIN $100 or to LOSE $100. Notice that LOSE $100 has been set in RED, to help you see that it is a chance to LOSE money. Would you like to play this gamble? You have a 50% chance to WIN $100. If you would like to play this gamble, click a button to the right of the center, to indicate how much you would like to play it. Maybe you would rather NOT play this gamble because you might LOSE $100. If you would rather NOT play the gamble, click a button to the left of the center to indicate how much you would dislike playing this gamble.

S4. LOSE $100 or WIN $100
Dislike Very Much                  Like Very Much


The worst gamble in this study is shown below, in which you would LOSE either $99 or $100. Most people would click the button on the far left to say they would "Dislike Very Much" to play this gamble.

S5. LOSE $100 or LOSE $99
Dislike Very Much                  Like Very Much


The best gamble in the study is shown below, in which you WIN either $100 or $99. Most people would like very much to play this gamble, because you are guaranteed to win at least $99; in this case, you can click the button to the far right.

S6. WIN $99 or WIN $100
Dislike Very Much                  Like Very Much


The next case gives you a chance to win $100, but you might lose $10. Would you like to play this gamble? Click a button to show how much you would like to play this gamble.

S7. LOSE $10 or WIN $100
Dislike Very Much                  Like Very Much


This gamble gives you a chance to win $10 or lose $100. Would you like to play this one?

S8. WIN $10 or LOSE $100
Dislike Very Much                  Like Very Much


Imagine that when you have finished the experiment below, two trials will be chosen at random from the ones below, and you will play the gamble to which you gave the higher rating. You would then play your preferred gamble of these two, and you would either win or lose money according to how the gamble came out when the coin was tossed. So, you should give higher ratings to gambles you would rather play, and give lower ratings to those you prefer NOT to play.

You are asked to read each trial, think about the gamble and decide how much you would like to play each gamble. If you would LIKE to play the gamble very much, click buttons on the right, and if you DO NOT WANT to play the gamble, click buttons to the left. If you are neutral to a gamble--indifferent whether you play it or not, click the button in the middle of the scale. Please read these instructions again before you go on to the trials below.


1. LOSE $60 or BREAK EVEN: $0
Dislike Very Much                  Like Very Much


2. LOSE $10 or WIN $10
Dislike Very Much                  Like Very Much


3. LOSE $100 or WIN $40
Dislike Very Much                  Like Very Much


4. LOSE $60 or WIN $40
Dislike Very Much                  Like Very Much


5. LOSE $60 or WIN $10
Dislike Very Much                  Like Very Much


6. WIN $99 or WIN $100
Dislike Very Much                  Like Very Much


7. BREAK EVEN: $0 or BREAK EVEN: $0
Dislike Very Much                  Like Very Much


8. LOSE $40 or WIN $80
Dislike Very Much                  Like Very Much


9. LOSE $10 or WIN $60
Dislike Very Much                  Like Very Much


10. WIN $50 or WIN $20
Dislike Very Much                  Like Very Much


11. LOSE $20 or LOSE $50
Dislike Very Much                  Like Very Much


12. BREAK EVEN: $0 or LOSE $99
Dislike Very Much                  Like Very Much


13. LOSE $40 or WIN $40
Dislike Very Much                  Like Very Much


14. LOSE $60 or WIN $60
Dislike Very Much                  Like Very Much


15. BREAK EVEN: $0 or LOSE $50
Dislike Very Much                  Like Very Much


16. LOSE $80 or WIN $20
Dislike Very Much                  Like Very Much


17. LOSE $40 or LOSE $50
Dislike Very Much                  Like Very Much


18. LOSE $100 or LOSE $50
Dislike Very Much                  Like Very Much


19. WIN $99 or WIN $20
Dislike Very Much                  Like Very Much


20. LOSE $40 or LOSE $99
Dislike Very Much                  Like Very Much


21. WIN $99 or WIN $40
Dislike Very Much                  Like Very Much


22. LOSE $40 or WIN $20
Dislike Very Much                  Like Very Much


23. WIN $50 or BREAK EVEN: $0
Dislike Very Much                  Like Very Much


24. WIN $99 or WIN $60
Dislike Very Much                  Like Very Much


25. LOSE $10 or WIN $80
Dislike Very Much                  Like Very Much


26. LOSE $10 or LOSE $50
Dislike Very Much                  Like Very Much


27. LOSE $40 or WIN $10
Dislike Very Much                  Like Very Much


28. LOSE $60 or WIN $80
Dislike Very Much                  Like Very Much


29. LOSE $10 or WIN $100
Dislike Very Much                  Like Very Much


30. LOSE $80 or WIN $100
Dislike Very Much                  Like Very Much


31. LOSE $60 or LOSE $99
Dislike Very Much                  Like Very Much


32. WIN $50 or LOSE $99
Dislike Very Much                  Like Very Much


33. LOSE $80 or LOSE $50
Dislike Very Much                  Like Very Much


34. WIN $99 or BREAK EVEN: $0
Dislike Very Much                  Like Very Much


35. LOSE $80 or WIN $40
Dislike Very Much                  Like Very Much


36. LOSE $10 or BREAK EVEN: $0
Dislike Very Much                  Like Very Much


37. LOSE $40 or BREAK EVEN: $0
Dislike Very Much                  Like Very Much


38. LOSE $80 or LOSE $99
Dislike Very Much                  Like Very Much


39. BREAK EVEN: $0 or WIN $80
Dislike Very Much                  Like Very Much


40. LOSE $10 or WIN $20
Dislike Very Much                  Like Very Much


41. LOSE $80 or WIN $10
Dislike Very Much                  Like Very Much


42. LOSE $20 or BREAK EVEN: $0
Dislike Very Much                  Like Very Much


43. LOSE $100 or WIN $10
Dislike Very Much                  Like Very Much


44. LOSE $20 or WIN $20
Dislike Very Much                  Like Very Much


45. BREAK EVEN: $0 or WIN $60
Dislike Very Much                  Like Very Much


46. LOSE $40 or WIN $60
Dislike Very Much                  Like Very Much


47. WIN $99 or LOSE $99
Dislike Very Much                  Like Very Much


48. WIN $50 or WIN $10
Dislike Very Much                  Like Very Much


49. BREAK EVEN: $0 or WIN $100
Dislike Very Much                  Like Very Much


50. WIN $50 or WIN $40
Dislike Very Much                  Like Very Much


51. WIN $50 or WIN $60
Dislike Very Much                  Like Very Much


52. LOSE $100 or WIN $80
Dislike Very Much                  Like Very Much


53. LOSE $100 or WIN $60
Dislike Very Much                  Like Very Much


54. BREAK EVEN: $0 or WIN $10
Dislike Very Much                  Like Very Much


55. LOSE $60 or WIN $20
Dislike Very Much                  Like Very Much


56. LOSE $20 or WIN $60
Dislike Very Much                  Like Very Much


57. BREAK EVEN: $0 or WIN $20
Dislike Very Much                  Like Very Much


58. LOSE $20 or WIN $10
Dislike Very Much                  Like Very Much


59. LOSE $10 or WIN $40
Dislike Very Much                  Like Very Much


60. WIN $50 or WIN $80
Dislike Very Much                  Like Very Much


61. WIN $99 or WIN $10
Dislike Very Much                  Like Very Much


62. LOSE $100 or WIN $100
Dislike Very Much                  Like Very Much


63. LOSE $100 or LOSE $99
Dislike Very Much                  Like Very Much


64. LOSE $80 or WIN $80
Dislike Very Much                  Like Very Much


65. LOSE $20 or LOSE $99
Dislike Very Much                  Like Very Much


66. WIN $99 or WIN $80
Dislike Very Much                  Like Very Much


67. LOSE $60 or WIN $100
Dislike Very Much                  Like Very Much


68. WIN $50 or LOSE $50
Dislike Very Much                  Like Very Much


69. LOSE $20 or WIN $40
Dislike Very Much                  Like Very Much


70. LOSE $40 or WIN $100
Dislike Very Much                  Like Very Much


71. BREAK EVEN: $0 or WIN $40
Dislike Very Much                  Like Very Much


72. LOSE $60 or LOSE $50
Dislike Very Much                  Like Very Much


73. LOSE $10 or LOSE $99
Dislike Very Much                  Like Very Much


74. LOSE $80 or BREAK EVEN: $0
Dislike Very Much                  Like Very Much


75. WIN $99 or LOSE $50
Dislike Very Much                  Like Very Much


76. LOSE $20 or WIN $80
Dislike Very Much                  Like Very Much


77. LOSE $100 or WIN $20
Dislike Very Much                  Like Very Much


78. LOSE $20 or WIN $100
Dislike Very Much                  Like Very Much


79. LOSE $80 or WIN $60
Dislike Very Much                  Like Very Much


80. LOSE $100 or BREAK EVEN: $0
Dislike Very Much                  Like Very Much


81. WIN $50 or WIN $100
Dislike Very Much                  Like Very Much



82. What is your age? years.
83. Gender: Are you Male or Female?
Female
Male

84. 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:
85. Nationality (country of birth):
86. Comments:

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

CSUF Students: To get credit for the SONA system, please complete the next section, so that we can give you credit.

LAST NAME:

FIRST NAME:

CWID:

Email:

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