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TO3.0

Participant name. TO3.0. Instructions for Choice from Envelope. z 1 = €. First value. z 2 = €. Second value. z 3 = €. Third value. z 4 = €. Fourth value. TO3.1. Determining first number. z 1. Left prospect. ⅓. ⅓. ⅔. ⅔. Right prospect. €210. € Z.

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TO3.0

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  1. Participant name ... TO3.0 Instructions for Choice from Envelope z1 = €. ... First value z2 = €. ... Second value z3 = €. ... Third value z4 = €. ... Fourth value

  2. TO3.1 Determining first number z1 Left prospect ⅓ ⅓ ⅔ ⅔ Right prospect €210 €Z €100 €120 Your envelope may contain two prospects of the above form. For each nr. Z, instruct which prospect you want to be taken from the envelope if its content is as above. • For small values of Z you prefer the right prospect. • For large values of Z you prefer the left prospect. • For some value of Z, which we call z1, your preference switches. • Fill this switching value in below, and then on page TO3.0. z1 = ...

  3. TO3.2 Determining second number z2 First substitute your value z1 here. ... ⅓ ⅓ €100 €120 ⅔ ⅔ €Z • You have substituted your value z1. • To indicate your instructions, determine your switching value of Z again. • We call it z2 (obviously, z2 > z1). • Fill it in below and on page TO3.0. z2 = ...

  4. TO3.3 Determining third number z3 First substitute your value z2 here. ... ⅓ ⅓ €100 €120 ⅔ ⅔ €Z • You have substituted your value z2. • Indicate your instructions by determining your switching value of Z again. • We call it z3 (obviously, z3 > z2). • Fill it in below and on page TO3.0. z3 = ...

  5. TO3.4 Determining fourth number z4 First substitute your value z3 here. ... ⅓ ⅓ €100 €120 ⅔ ⅔ €Z • You have substituted your value z3. • Indicate your instructions by determining your switching value of Z again. • We call it z4 (obviously, z4 > z3). • Fill it in below and on page TO3.0. z4 = ...

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