Table 1. Investment task conditions.
Trials | Type of Advice | Type of Buy | Number of Trials |
First 1/3 of trials Runs 1 and 2 | No Advice | Good Buy | 8 |
Bad Buy | 6 | ||
Good Advice | Good Buy | 12 | |
Bad Buy | 12 | ||
Second 1/3 of trials Runs 3 and 4 | Good Advice | Good Buy | 18 |
Bad Buy | 16 | ||
Bad Advice | Good Buy | 16 | |
Bad Buy | 16 | ||
Last 1/3 of trials Runs 5 and 6 | No Advice | Good Buy | 8 |
Bad Buy | 6 | ||
Bad Advice | Good Buy | 12 | |
Bad Buy | 12 |