Probabilistic betting tasks Experiment and Colored-ball betting tasks Experiment.

Published: 3 August 2022| Version 4 | DOI: 10.17632/kmgcd8hskh.4


Following the traditional setup of the Allais-type betting task, two behavioral experiments including eight sets of betting tasks were designed using the first set of betting tasks in the Allais paradox as the base template. One set of experiments describes the base rate information of the tasks in the form of probabilistic combinations in order to better restore the decision environment of the traditional Alley-type betting tasks. The other set of experiments were based on Experiment 1, which replaced the probabilistic combination descriptions with frequency representations supplemented with visual images (Colored-ball betting tasks) to again examine the subjects' decision-making.


Steps to reproduce

(1). The experiments were conducted in the form of online responses, and only multiple-choice questions were set for the administration of the material, and Subjects were required to select only by mouse clicks. Subjects can participate in the experiment through the web link on mobile or PC, and each subject can only complete the material once. (2). Our data is powered by “Wenjuanxing”( An online crowd sourcing platform in mainland China, which provides functions equivalent to Amazon Mechanical Turk.


Southwest Jiaotong University


Evolutionary Psychology, Behavioral Finance