Module 6: Personality, Behavior and Preferences, Part B: Preferences
3) Now imagine that you have a choice between the following two options:
Option 1 - Receive GH¢ 100 for sure. [1,000,000 old cedis], or
Option 2 - Flip a coin and receive 0 if it's tail or GH¢ 200 if it's head. [2,000,000 old Ghana cedis]
Which option would you take?
Categories
Value
Category
-9
Don't know
-7
Legal skip
-6
Unfinished questionnaire
-3
Interviewer error
-2
Refused
1
Option 1 (take the sure money)
2
option 2 (flip the coin)
Warning: these figures indicate the number of cases found in the data file. They cannot be interpreted as summary statistics of the population of interest.