Assume that today a company told you it would give you a prize of 500 LE in one month or a portion of the sum today. Would you rather have 475 LE today or 500 LE in one month?
Record the lowest amount the respondent would take.
Interviewer instructions
INTERVIEWER:
If yes, ask again "Would you rather have 450 LE today or 500 LE in one month"… repeat by decreasing by 25 until the respondent would rather have 500 LE.