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Table 4 Lottery: CRRA ranges and relative percentage of respondents

From: On the association between risk attitude and fruit and vegetable consumption: insights from university students in Italy

Gamble Low payoff
(50%)
High payoff
(50%)
Expected payoff Riska CRRA ranges Respondents
(%)
A 50 € 50 € 50 € 0 r > 1.7 33.1
B 40 € 70 € 55 € 15 0.8 < r < 1.7 31.0
C 30 € 90 € 60 € 30 0.5 < r < 0.8 21.5
D 20 € 110 € 65 € 45 0.4 < r < 0.5 5.6
E 10 € 130 € 70 € 60 0.3 < r < 0.4 1.1
F 0 € 150 € 75 € 75 0.2 < r < 0.3 7.8
  1. Note: aThe risk is calculated as the standard deviation of the expected payoff