Table 1 Gamble task
Imagine having € 50 (your weekly budget as a university student) to play heads or tails. The game provides that, among the 6 different possibilities offered (from A to F), you can make one and only one choice. Each choice has two possible outcomes (a low payoff and a high payoff) with the same probability (50% both). For example: if you chose to bet your € 50 on gamble A, you would always win € 50 (i.e. you would lose nothing); if you chose gamble B, instead, you would have a 50% chance of winning € 40 (thus losing € 10 of your weekly budget) and a 50% chance of winning € 70. Please, indicate which gamble (from A to F) you prefer to play. | |||
|---|---|---|---|
Gamble | Roll | Payoff | Chance |
A | low | 50 € | 50% |
high | 50 € | 50% | |
B | low | 40 € | 50% |
high | 70 € | 50% | |
C | low | 30 € | 50% |
high | 90 € | 50% | |
D | low | 20 € | 50% |
high | 110 € | 50% | |
E | low | 10 € | 50% |
high | 130 € | 50% | |
F | low | 0 € | 50% |
high | 150 € | 50% | |