risk preference choice 91
Datafile
Variable note:
This variable is part of the "Time/risk preferences" experiment. See the description of experiments in the IP User Guide.
Question asked in the latest wave:
timeandriskpreference_ip7.choice91
Question label:
Risk preference choice 91
Question text:
Choice 91 In this last choice, you will be asked to choose the lottery that you prefer among six different lotteries. The six different lotteries are presented below. You have to select one and only one of these lotteries. Which outcome occurs for each of the six lotteries depends on the roll of a ten-sided die. Each outcome has a 50% chance of occurring depending on the roll. If the roll is 1,2,3,4 or 5 the outcome is 'Low'. If the roll is 6,7,8,9 or 10, the roll is 'High'. Between Lotteries A, B, C, D, E and F, which lottery do you prefer?
Question universe:
if (GRIDVARIABLES.ModeType = 1|3) & ff_trflag = 1 (MODE is CAPI or web and Time and Risk Preference experiment is administered to respondent)
and if TRPre = 1 (Respondent elects to answer Time Preference questions)
and if RiskPre = 1|RiskPreB = 1 (Respondent elects to answer Risk Preference questions)
Further details:
For further details about this question, please see the questionnaires
| Value label | Value | Absolute frequency | Relative frequency |
|---|---|---|---|
| inapplicable | -8 | 1864 | 77.25% |
| proxy | -7 | 76 | 3.15% |
| Total | 2413 | 100.0% |
| Value label | Value | Absolute frequency | Relative frequency |
|---|---|---|---|
| missing | -9 | 1 | 0.05% |
| inapplicable | -8 | 1358 | 63.19% |
| proxy | -7 | 125 | 5.82% |
| refusal | -2 | 2 | 0.09% |
| don't know | -1 | 3 | 0.14% |
| LOTTERY A: Winning £28 if the roll is low (i.e., die roll | 1 | 232 | 10.8% |
| LOTTERY B: Winning £24 if the roll is low (i.e., die roll | 2 | 64 | 2.98% |
| LOTTERY C: Winning £20 if the roll is low (i.e., die roll | 3 | 120 | 5.58% |
| LOTTERY D: Winning £16 if the roll is low (i.e., die roll | 4 | 84 | 3.91% |
| LOTTERY E: Winning £12 if the roll is low (i.e., die roll | 5 | 53 | 2.47% |
| LOTTERY F: Winning £2 if the roll is low (i.e., die roll i | 6 | 107 | 4.98% |
| Total | 2149 | 100.0% |
