Table 1

Payoffs and Probabilities Associated with the SOEP 2014 Risk Experiment

Option AOption BOption COption D
Scenario 1

3€, 100%

32€, 10%

0€, 90%

Scenario 2

3€, 100%

4€, 80%

0€, 20%

Scenario 3

3€, 100%

4€, 70%

0€, 30%

32€, 10%

0€, 90%

68€, 5%

0€, 95%

Scenario 4

3€, 100%

4€, 80%

0€, 20%

4€, 70%

0€, 30%

34€, 10%

0€, 90%

  • Notes: SOEP-IS.2016.2 2014. For each option, the cell shows the payoff and its probability (for example, for Scenario 1, Option B there is a 10 percent chance of receiving 32V and a 90 percent chance of receiving nothing).