Table 2.

Gamble Pairs Used in the Experimental Design

	Gamble 1			Gamble 2			Gamble Type
Pair	Out A	Prob A	Out B	Out A	Prob A	Out B
1	$8	0.2	−$8	$32	0.2	−$32	B/W
2	−$8	0.5	−$32	$32	0.2	−$32	B/W
3	$8	0.5	−$32	$32	0.2	−$32	B/W
4	$8	0.5	−$8	$32	0.2	−$32	B/W
5	−$8	0.8	−$32	$32	0.2	−$32	B/W
6	$8	0.8	−$32	$32	0.2	−$32	B/W
7	$8	0.8	−$8	$32	0.2	−$32	B/W
8	$8	0.2	−$8	$32	0.5	−$32	SS/RR
9	$32	0.2	−$8	$32	0.5	−$32	RA/RS
10	$32	0.2	$8	$32	0.5	−$32	B/W
11	$8	0.5	−$8	$32	0.5	−$32	RA/RS
12	−$8	0.8	−$32	$32	0.5	−$32	SS/RR
13	$8	0.8	−$32	$32	0.5	−$32	RA/RS
14	$8	0.8	−$8	$32	0.5	−$32	B/W
15	$8	0.2	−$8	$32	0.8	−$32	SS/RR
16	$32	0.2	−$8	$32	0.8	−$32	SS/RR
17	$32	0.2	$8	$32	0.8	−$32	SS/RR
18	$8	0.5	−$8	$32	0.8	−$32	SS/RR
19	$32	0.5	−$8	$32	0.8	−$32	SS/RR
20	$32	0.5	$8	$32	0.8	−$32	RA/RS
21	$8	0.8	−$8	$32	0.8	−$32	SS/RR

Note: B/W = Better Gamble A (higher expected return and lower risk) vs Worse Gamble B (lower expected return and greater risk); SS/RR = Small-and-safe Gamble A (lower expected return and lower risk) vs Risky-and rewarding Gamble B (higher expected return and higher risk); RA/RS = Risk averse Gamble A (identical expected return and lower risk) vs Risk seeking Gamble B (identical expected return and more risk).