Please read these instructions carefully. There will be comprehension checks. If you fail these checks, you will be excluded from the study and you will not receive the completion payment.
On the first decision screen, you will be asked to choose which of two payment options you prefer. You will see choice lists such as the one below, where each row is a separate choice.
In every list, the left-hand side option (Option A) is a payment that you can be paid immediately. The right-hand side option (Option B) is a delayed payment that you will be paid in few days later. To make a choice just click on the option you prefer for each choice (i.e. for each row). An effective way to complete these choice lists is to determine in which row you like to switch from preferring Option B to preferring Option A.
Based on where you switch from Option B to Option A in this list, we assess which amount paid immediately (Option A) you value as much as the amount paid specified at the later payment date (Option B). For example, in the choice list above, you would value $20 in 15 days somewhere between $6 and $7 today, because this is where switching occurs.
Note: While you may choose as shown in the image below, it is illogical. You wouldn't prefer receiving $6 immediately over receiving $20 in 15 days, and at the same time prefer receiving $20 in 15 days over receiving $7 immediately (in other words, you wouldn't prefer receiving $6 immediately over receiving $7 immediately).
Auto-completion: The table auto-completes your choices so you don’t have to click through all of the rows. You do not have to start at the top of the table. If you select Option A in any one row, we assume you will also prefer Option A in all rows above that row. If you select Option B in any one row, we assume that you will also prefer Option B in all rows below that row.