SHARE:
insurance
| Variable | Question text | Label |
|---|---|---|
| FLBought | ||
| FLDamage | ||
| FLEdReward | ||
| FLIN001 | ||
| FLIN002 | ||
| FLPaid | ||
| FLRange | ||
| FLX | insurance verification question minimum range rate | |
| FLY | insurance verification question maximum range rate | |
| in_001 | Remember: You can earn up to $10 for this part. The amount you earn depends on the decisions you make, so you should read carefully!KNOWN DAMAGE RATE: The chance of your machine being damaged is ^FLIN001[cnt]. Please move the slider to indicate the maximum amount you are willing to pay for insurance. Remember, if the amount you are willing to pay is higher than the actual price, then you will pay for insurance at the actual price, whether or not your machine is damaged. Should there be damage, your machine will be replaced and will pay out 100 virtual dollars. If the amount you are willing to pay is less than the actual price, then you will not pay for insurance, but if damage occurs, your machine will not be replaced and will not pay out any money. | known risk amount willing to pay insurance |
| in_001_percentage | known rate | |
| in_002 | Remember: You can earn up to $10 for this part. The amount you earn depends on the decisions you make, so you should read carefully!UNCERTAIN DAMAGE RATE: The chance of your machine being damaged is ^FLIN002[cnt]. ^FLRangePlease move the slider to indicate the maximum amount you are willing to pay for insurance. Remember, if the amount you are willing to pay is higher than the actual price, then you will pay for insurance at the actual price, whether or not your machine is damaged. Should there be damage, your machine will be replaced and will pay out 100 virtual dollars. If the amount you are willing to pay is less than the actual price, then you will not pay for insurance, but if damage occurs, your machine will not be replaced and will not pay out any money. | ranged risk amount willing to pay insurance |
| in_002_percentage_max | maximum range rate | |
| in_002_percentage_min | minimum range rate | |
| in_003 | Before we finish, we’d like you to answer a final question. You will receive $1 for a correct answer.
Suppose a machine has a chance of being damaged between ^FLX% and ^FLY%. All damage rates in this range are equally likely. What is the average rate of damage for this machine? | confirmation question |
| in_bought | Indicates if insurance was bought | indicates if insurance was bought |
| in_check_reward | Reward earned for insurance verification question | reward earned for insurance questions |
| in_failed | Indicates if machine failed | indicates if machine failed |
| in_failurepoint | Insurance selected point of failure | insurance point failed |
| in_maximum | Maximum willing to pay for selected insurance scenario | maximum willing to pay for selected insurance scenario |
| in_price | Selected price of insurance | indicates price of insurance |
| in_probability | Insurance scenario probability of failure | insurance scenario probability of failure |
| in_reward | Total reward earned for insurance questions | reward earned for insurance questions |
| in_scenario | Insurance selected scenario (1-8). 1-4 always correspond to known rate, 5-8 to variable rate. | insurance selected scenario |
| in_scenario_reward | Reward earned for selected insurance scenario | reward earned for selected insurance scenario |
| in_scenario_reward_virtual | Virtual reward earned for selected insurance scenario | virtual reward earned for selected insurance scenario |
| in_scenario_reward_virtual_total | Total virtual reward earned for selected insurance scenario | total virtual reward earned for selected insurance scenario (includes 100 base amount) |