preamble for risk preference
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.riskpre
Question label:
Preamble for risk preference
Question text:
Next, you will be asked to decide which type of lottery game you would prefer. There is no right or wrong answer. Please work as quickly as possible, we are only interested in your initial reactions. Once you have made all your choices, you could receive a payment. Ten percent of respondents will be randomly selected to win. If you are selected to receive the payment, one of the 91 questions in this section of the interview will be selected at random, and your payment will be calculated based on your answer to that question. The highest amount that you could win is £250. You must complete all 91 items in order to have a chance to win. Unfortunately if you do not continue then you will not have a chance to receive any money. If you are selected to receive the payment, the payment will be arranged at the end of the interview. If you have any questions, you can ask your interviewer now.
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)
Further details:
For further details about this question, please see the questionnaires
| Value label | Value | Absolute frequency | Relative frequency |
|---|---|---|---|
| missing | -9 | 3 | 0.12% |
| inapplicable | -8 | 1819 | 75.38% |
| proxy | -7 | 76 | 3.15% |
| begin the questions | 1 | 469 | 19.44% |
| no thanks, i would rather not answer these questions | 2 | 46 | 1.91% |
| Total | 2413 | 100.0% |
| Value label | Value | Absolute frequency | Relative frequency |
|---|---|---|---|
| inapplicable | -8 | 1316 | 61.24% |
| proxy | -7 | 125 | 5.82% |
| Begin the questions | 1 | 662 | 30.81% |
| No thanks, I would rather not answer these questions | 2 | 46 | 2.14% |
| Total | 2149 | 100.0% |
