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General information
| Question text: | The way you put balls into various bins shows that you expect to receive about ^ltc_exp_value% of your long-term care insurance payment next year. It also shows that you could receive more or less than ^ltc_exp_value% of the promised payment.
Let's call this distribution of possible payments, as described by you using the bins and balls, your "uncertain payments." So, your uncertain payments are whatever payments you think you might receive next year. We are now interested in how you value having a contract with no uncertainty. Imagine a contract that is guaranteed to pay ^ltc_discount% of your long-term care insurance payment with no risk of the insurance company not paying out as promised. This is like having all 20 balls on this certain percentage. This contract is unbreakable and cannot be changed by anybody. This contract has no risk, but is guaranteed to pay less than the full promised amount of your original contract. Would you rather have: |
| Answer type: | Radio buttons |
| Answer options: | 1 Guaranteed payment equal to ^ltc_discount% of the long-term care insurance payment you are supposed to receive 2 Uncertain payments around an expectation of ^ltc_exp_value% of the long-term care insurance payment you are supposed to receive |
| Label: | preference discount |
| Empty allowed: | One-time warning |
| Error allowed: | Not allowed |
| Multiple instances: | No |