This experiment is worth 10 points. Pay attention to the instructions because in this experiment your decisions and chance will determine your grade. You will post your decisions outlined below in the discussion board on Blackboard labeled \"Module 3 Experiment Decisions". Experiment Details Half of the class will be assigned as sickly and half of the class will be assigned as healthy. Sickly people are predisposed to becoming ill but healthy people never get ill. Students will be randomly assigned a type either SicklyiS} or HealthylH). For each decision you make below, you will either be randomly assigned as sickly or healthy. The determination of who is sickly and who is healthy is completely random [50% chance of each type) and is independent across the two decisions. If you are sickly you face a 50% chance of becoming ill. If you become ill, you Suffer a loss of 3 points in this assignment. Insurance Market: Anyone can purchase insurance for 1 point. If you are sickly and become ill and you have insurance, you will be compensated 3 points. If you are healthy, there is no benefit from insurance - insurance only pays out if you become ill and healthy people cannot become ill. You must pay the 1 point to purchase insurance even ifyou do not become ill.1 Decision 1. You do not know your type. You can either be sickly or healthy with a 50% chance of each. Each person chooses to either purchase insurance or not and this is posted in the Discussion Board for this experiment. This should be labeled Decision 1: Decision 2. Here we will simulate the market if you did know your type sickly or healthy.2 To do this, you must make a choice for each type that you might be. You are either sickly or healthy but yciu must make a choice in each case and only the choice which is your true type (which is randomly assigned as outlined above} is enforced. Post your decision in Discussion Boa rd for the experiment with one decision for each type that you might be. This should be labeled Decision 2: In summary, your discussion thread you create should look similar to the one below. Decision 1: XXX Decision 2: if sickly WY If healthy ZZZ