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TO2.0

Participant name. TO2.0. Answer Sheet. y 1 = €. First value. y 2 = €. Second value. y 3 = €. Third value. y 4 = €. Fourth value. TO2.1. Determining first number. y 1. Left prospect. ½. ½. ½. ½. Right prospect. €25. € Y. €3. €16.

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TO2.0

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  1. Participant name ... TO2.0 Answer Sheet y1 = €. ... First value y2 = €. ... Second value y3 = €. ... Third value y4 = €. ... Fourth value

  2. TO2.1 Determining first number y1 Left prospect ½ ½ ½ ½ Right prospect €25 €Y €3 €16 • For small values of Y you prefer the right prospect. • For large values of Y you prefer the left prospect. • For some value of Y, which we call y1, your preference switches. • Fill this switching value in below, and then on page TO2.0. y1 = ...

  3. TO2.2 Determining second number y2 First substitute your value y1 here. ... ½ ½ €3 €16 ½ ½ €Y • You have substituted your value y1. • Determine your switching value of Y again. • We call it y2 (obviously, y2 > y1). • Fill it in below and on page TO2.0. y2 = ...

  4. TO2.3 Determining third number y3 First substitute your value y2 here. ... ½ ½ €3 €16 ½ ½ €Y • You have substituted your value y2. • Determine your switching value of Y again. • We call it y3 (obviously, y3 > y2). • Fill it in below and on page TO2.0. y3 = ...

  5. TO2.4 Determining fourth number y4 First substitute your value y3 here. ... ½ ½ €3 €16 ½ ½ €Y • You have substituted your value y3. • Determine your switching value of Y again. • We call it y4 (obviously, y4 > y3). • Fill it in below and on page TO2.0. y4 = ...

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