"Learn how to determine specific values from an envelope selection process based on provided instructions and preferences. Discover the steps involved in choosing between prospects and switching preferences as the values change. Follow the guidelines to make informed decisions for each number in the sequence."
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Presentation Transcript
Participant name ... TO2.0 Instructions for Choice from Envelope y1 = . ... First value y2= . ... Second value y3= . ... Third value y4= . ... Fourth value
TO2.1 Determining first number y1 Left prospect Right prospect Y 25 3 16 Your envelope may contain two prospects of the above form. For each nr. Y, instruct which prospect you want to be taken from the envelope if its content is as above. - For small values of Y you prefer the right prospect. - For large values of Y you prefer the left prospect. - For some value of Y, which we call y1, your preference switches. - Fill this switching value in below, and then on page TO2.0. y1 = ...
TO2.2 Determining second number y2 First substitute your value y1 here. ... Y 3 16 - You have substituted your value y1. - To indicate your instructions, determine your switching value of Y again. - We call it y2 (obviously, y2 > y1). - Fill it in below and on page TO2.0. y2 = ...
TO2.3 Determining third number y3 First substitute your value y2 here. ... Y 3 16 - You have substituted your value y2. - Indicate your instructions by determining your switching value of Y again. - We call it y3 (obviously, y3 > y2). - Fill it in below and on page TO2.0. y3 = ...
TO2.4 Determining fourth number y4 First substitute your value y3 here. ... Y 3 16 - You have substituted your value y3. - Indicate your instructions by determining your switching value of Y again. - We call it y4 (obviously, y4 > y3). - Fill it in below and on page TO2.0. y4 = ...
