Table 1.
Loss: At this moment, what would you prefer to pay? | Gain: At this moment, what would you prefer? | ||
---|---|---|---|
Delay | $10 | Money now OR $10 in D days | Money now OR $10 in D days |
$100 | Money now OR $100 in D days | Money now OR $100 in D days | |
Probability | $10 | Money for sure OR $10 with a P% chance | Money for sure OR $10 with a P% chance |
$100 | Money for sure OR $100 with a P% chance | Money for sure OR $100 with a P% chance |
Notes.
D values were: 0, 7, 30, 90, 180, 365 days.
P values were: 100, 90, 75, 50, 25, 10, i.e., probabilities of 1.0, 0.9, 0.75, 0.50, 0.25, 0.10. Amounts of Money now or Money for sure were: $0.00, $0.25, and $0.50 to $10.50 in $0.50 increments for $10 tasks, and 0.00, $2.50, and $5.00 to $105.00 in $5.00 increments for $100 tasks.