Now I would like to ask you some questions about another hypothetical situation. In this situation you are asked to choose between a certain amount of money for sure versus a different amount of money with a 50% chance, meaning that half the time you would get it and half the time you would not.
If you were to choose between having 800 MK for sure or a lottery that pays 2000 MK with 50% probability and 0 MK with 50% probability, which would you choose?
800 MK for sure
2000 MK with 50%
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.