Survey
What was your total payoff from this experiment? Please enter the number below.
In a sentence, please explain your strategy / decision rule to determine how much to invest in a gamble.
What information did you take into account when determining how much to invest in a given gamble?
On average, how much more profitable will a bet on heads be when the chance of heads is 60% than when it is 55%?
20% more
50% more
100% more (twice as profitable)
5% more
I don't understand the question.
On average, how much more profitable will a bet on heads be when the chance of heads is 70% than when it is 55%?
28% more
100% more (twice as profitable)
300% more (four times as profitable)
15% more
I don't understand the question.