Which of the following options would you prefer? Option 5 50% chance of receiving 500 50% chance of receiving 60 4 50% chance of receiving 400 50% chance of receiving 70 3 50% chance of receiving 300 50% chance of receiving 80 2 50% change of receiving 200 50% chance of receiving 90 1 100% chance of receiving 100 Table 1b. EG Risk GAME (Non-Linear EVs) Which of the following options would you prefer? Option 5 20% chance of receiving 500 80% chance of receiving 0 4 40% chance of receiving 400 60% chance of receiving 0 3 60% chance of receiving 300 40% chance of receiving 0 2 80% change of receiving 200 20% chance of receiving 0 1 100% chance of receiving 100 0% chance of receiving 0 Figure 1. Expected Value Calculations in Two Variants of the EG Risk Game Figure 2. Risk Preferences in the Linear EG Risk Game
Which of the following options would you prefer? Option 5 50% chance of receiving 500 50% chance of receiving 60 4 50% chance of receiving 400 50% chance of receiving 70 3 50% chance of receiving 300 50% chance of receiving 80 2 50% change of receiving 200 50% chance of receiving 90 1 100% chance of receiving 100 Table 1b. EG Risk GAME (Non-Linear EVs) Which of the following options would you prefer? Option 5 20% chance of receiving 500 80% chance of receiving 0 4 40% chance of receiving 400 60% chance of receiving 0 3 60% chance of receiving 300 40% chance of receiving 0 2 80% change of receiving 200 20% chance of receiving 0 1 100% chance of receiving 100 0% chance of receiving 0 Figure 1. Expected Value Calculations in Two Variants of the EG Risk Game Figure 2. Risk Preferences in the Linear EG Risk Game
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