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 Number Option A Option B
Problem 1 0.857 0.143
Problem 2 0.857 0.143
Problem 3 0.571 0.429
Problem 4 0.143 0.857
Problem 5 0.571 0.429

Standard deviations based on data from 7 participants.

Problem Number Option A Option B
Problem 1 0.378 0.378
Problem 2 0.378 0.378
Problem 3 0.535 0.535
Problem 4 0.378 0.378
Problem 5 0.535 0.535

Data Summary: Problem Set 2

Means based on data from 5 participants.

Problem Number Option A Option B
Problem 1 0.600 0.400
Problem 2 1.000 0.000
Problem 3 0.200 0.800
Problem 4 0.800 0.200
Problem 5 0.200 0.800

Standard deviations based on data from 5 participants.

Problem Number Option A Option B
Problem 1 0.548 0.548
Problem 2 0.000 0.000
Problem 3 0.447 0.447
Problem 4 0.447 0.447
Problem 5 0.447 0.447

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