Table 2.
Twelve choice problems (Hau et al., 2010).
| Problem | Risky option: pnon-zero | Risky option: X (in CAD) | Payoff variability | Certain option: Y (in CAD) |
|---|---|---|---|---|
| 1 | 0.10 | 5.30 | 1.60 | 0.30/0.70 |
| 2 | 0.20 | 4 | 1.60 | 0.60/1.00 |
| 3 | 0.80 | 4 | 1.60 | 3.00/3.40 |
| 4 | 0.90 | 5.30 | 1.60 | 4.60/5.00 |
| 5 | 0.10 | 15 | 4.50 | 1.30/1.70 |
| 6 | 0.20 | 11.30 | 4.50 | 2.10/2.50 |
| 7 | 0.80 | 11.30 | 4.50 | 8.80/9.20 |
| 8 | 0.90 | 15 | 4.50 | 13.30/13.70 |
| 9 | 0.10 | 32 | 9.60 | 3.00/3.40 |
| 10 | 0.20 | 24 | 9.60 | 11.80/12.20 |
| 11 | 0.80 | 24 | 9.60 | 19.00/19.40 |
| 12 | 0.90 | 32 | 9.60 | 28.60/29.00 |
pnon-zero, probability of the non-zero outcome in the risky option. X, non-zero outcome of the risky option. CAD, Canadian dollars. Payoff variability is the SD of the risky option. Y, outcome of the certain option. Only the gain version of each problem is shown; the loss version was identical except that X and Y had a negative sign.