Testing Distributional Dependence in the Becker-DeGroot-Marschak ...

Id Det. Category Comment
34 0 low I stuck with relatively low values the entire time
35 0 spike I either submitted the price that the item was most likely to be or a price closest to the most probable price.
36 1 [N/A] [Failed to submit the end-of-experiment survey.]
37 1 low for the first part i went about as low as i could,
38 0 bimodal if 0 had a probability then I chose it, but if not I chose below the first dollar amount with probability
39 0 zero I did not want the item
40 1 median i saw the trends on the graphs and took my value to be a median of the numbers on the chart
41 1 zero I didn't want to spend anything on cookies. Cookies are bad for you anyways.
42 0 random Looked at probabilities. Since they were all fairly low, I tended to choose values randomly.
43 0 satisfaction looked at the probabilities and decided betting extremely high would most likely allow me to get equal to if
not higher than the actual number
44 1 predetermined I submitted the value I placed on the item for each round, which was always 3.
45 1 predetermined I had about the same answer for every round ($3.00); the possibility of obtaining the item didn't matter
because that's always the amount I'd pay (or slightly more, if the chances were more promising a slight but
more significant percentage higher).
46 0 predetermined 0.50 was the most I was willing to pay for a dozen cookies.
47 0 predetermined I valued the item at $4
48 1 preference Personal preference
49 1 other instinct.
50 0 zero as the round pass, I decided to not get the cookie since it seemed like I had to pay lot of money for it
51 0 median I stayed around the middle of the range of numbers and guessed slightly on the lower side. If there was a
higher probability, I guessed closer to that side.
52 1 predetermined By what the item was worth to me.
53 1 predetermined Basically according to my personal interest in the cookie, I don't want to put more money than $1 on it.
54 0 probability prob.
55 0 probability i decided base on what percentages that im likely to get the item
56 1 predetermined 50 cents per cookie, $6 total, for every round
57 1 probability i chose amount to put in based on where the blue graph lines were. if there were many blue lines on the right
side of the graph, extending very high, i would put a larger value. if there were higher blue bars on the left, my
value would be where the graph lines stopped showing a high percentage. i didnt really keep the value of the
cream certificate in mind, just the likelihood of whatever amount i might put in that round would be mean i
had a better chance at winning.
58 0 other i thought that too high would decrease my money (and if i even got the cookies, id just binge), and too low
would waste the chance at a free gift card
59 0 bimodal If the distribute was over 5.00, I chose 4.00 so I would not be paying more for a card that I did not value over
3.00. If the distribution had over a 50% chance of being under 3.00, I chose 2.50 for my value.
60 1 hybrid by how likely it was that I could get it for a specific price
61 1 bimodal If there was an equal amount of chance for the item to be at a low cost, then I would bet a low amount of
money, but if it was a graph with a probability that increased to a higher number, I would not bet any money,
and if there was no probability for anything lower than a dollar I would not bet any mother.
62 0 hybrid I did not want to pay more than 5. If it was very likely to be less than five my willingness to pay went dow[n]
because i expected it to be less than 5.
63 0 predetermined I put $5-6 on all rounds as that is what I am willing to sacrifice for it. And I would be perfectly content if in 1
round the value of it was rolled as 0 and I gave $5-6 for something I could have gotten for 0.
64 1 predetermined I looked at the charts, but basically I had already decided how much I wanted to risk.
65 1 preference Based on personal preference.
66 0 mean by thinking about the average values.
67 0 4 th quartile Whichever value was the highest, I would enter that value
68 1 bimodal If there was a high likelihood for the price to around 3.00 or less, I valued it at 3.50. If it was unlikely, I kept
the price at 3.00.
69 1 probability Based on probability of values
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