Question: Does your class data show evidence for rational or irrational decision making? coglab dicision making In this experiment each participant was in one of 2

Does your class data show evidence for rational or irrational decision making? coglab dicision making

In this experiment each participant was in one of 2 versions:

  • Problem Set 1
  • Problem Set 2

The graph and tables show the proportion of participants who chose either option A or B for each problem. The comparison to focus on is across the two problem sets. Both sets of problems ask essentially the same questions, but in different ways. The expected finding is that the choice preferences will differ across the sets for the matching problems.

Data Summary: Problem Set 1

Means based on data from 7 participants.

Problem NumberOption AOption B
Problem 10.8570.143
Problem 20.8570.143
Problem 30.5710.429
Problem 40.1430.857
Problem 50.5710.429

Standard deviations based on data from 7 participants.

Problem NumberOption AOption B
Problem 10.3780.378
Problem 20.3780.378
Problem 30.5350.535
Problem 40.3780.378
Problem 50.5350.535

Data Summary: Problem Set 2

Means based on data from 5 participants.

Problem NumberOption AOption B
Problem 10.6000.400
Problem 21.0000.000
Problem 30.2000.800
Problem 40.8000.200
Problem 50.2000.800

Standard deviations based on data from 5 participants.

Problem NumberOption AOption B
Problem 10.5480.548
Problem 20.0000.000
Problem 30.4470.447
Problem 40.4470.447
Problem 50.4470.447

Does your class data show evidence for rational
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