Table 5 Information presented to the participants for each trial depicting endowments and payoffs for the sure option and each lottery for the gain and loss framings
From: Background uncertainty does not increase risk aversion in decision making
Framing | Endowment | Sure option | Lottery | |||
|---|---|---|---|---|---|---|
Outcome 1 (winning) | Outcome 2 (losing) | |||||
Payoff | With p | Payoff | With 1- p | |||
Loss | 100 | -95 | 0 | 0.05 | -100 | 0.95 |
50 | -45 | 0 | 0.1 | -50 | 0.9 | |
25 | -20 | 0 | 0.2 | -25 | 0.8 | |
15 | -10 | 0 | 0.333 | -15 | 0.667 | |
10 | -5 | 0 | 0.5 | -10 | 0.5 | |
7.5 | -2.5 | 0 | 0.667 | -7.5 | 0.333 | |
6.25 | -1.25 | 0 | 0.8 | -6.25 | 0.2 | |
5.55 | -0.55 | 0 | 0.9 | -5.55 | 0.1 | |
5.25 | -0.25 | 0 | 0.95 | -5.25 | 0.05 | |
Gain | 0 | 5 | 100.0 | 0.05 | 0 | 0.95 |
0 | 5 | 50.0 | 0.1 | 0 | 0.9 | |
0 | 5 | 25.0 | 0.2 | 0 | 0.8 | |
0 | 5 | 15.0 | 0.333 | 0 | 0.667 | |
0 | 5 | 10.0 | 0.5 | 0 | 0.5 | |
0 | 5 | 7.5 | 0.667 | 0 | 0.333 | |
0 | 5 | 6.3 | 0.8 | 0 | 0.2 | |
0 | 5 | 5.5 | 0.9 | 0 | 0.1 | |
0 | 5 | 5.3 | 0.95 | 0 | 0.05 | |
