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3F. Type of cow (trp3f)
Data file: timerisk
Overview
Valid:
7
Invalid:
1375
Type:
Discrete
Decimal:
0
Width:
1
Range:
1 - 8
Format:
Numeric
Questions and instructions
Literal question
Suppose you are going to be given (or purchase) a cow and you have a choice between two different types of cows each of which has a different milk production profile. The type 1 cow will certainly produce 10 litres of milk everyday. But for each of the type 2 cows, we are not certain exactly how much milk will be produced. For each of the following choices between the type 1 and type 2 cow, which type of cow do you prefer?
Type 1: 10L guaranteed
Type 2: 50:50 chance at 5L:20L
Type 1: 10L guaranteed
Type 2: 50:50 chance at 5L:20L
Categories
| Value | Category | Cases | |
|---|---|---|---|
| 1 | Type 1 | 0 |
0%
|
| 2 | Type 2 | 6 |
85.7%
|
| 8 | 1 |
14.3%
|
|
| Sysmiss | 1375 |
Warning: these figures indicate the number of cases found in the data file. They cannot be interpreted as summary statistics of the population of interest.