Routing for UAS120

introduction1

On the next few pages, you will be asked to answer some questions about various brands and products. For each question, please select the response that best reflects your opinion. There are no right or wrong answers; we are interested in your opinions.

brand_intro

We are going to start this survey by asking a few questions about mutual funds and mutual fund companies. On each screen, we will ask you the same questions about a DIFFERENT company or set of funds.

if sizeof(brand_order) = 0 then

brand_order := shuffleArray(array(1 => 1, 2 => 2, 3 => 3, 4 => 4, 5 => 5, 6 => 6))

End of if

Loop from 1 to 6

Group of questions presented on the same screen

br001 (how familiar brand)

Please answer these questions about [[]].

How familiar are you with [[]] mutual funds?

1 1
Very unfamiliar
2 2
3 3
4 4
5 5
6 6
7 7
Very familiar

br002 (how knowledgeable brand)

I consider myself knowledgeable about [[]] mutual funds.

1 1
Strongly disagree
2 2
3 3
4 4
5 5
6 6
7 7
Strongly agree

br003 (how informed brand)

I consider myself informed about [[]] mutual funds.

1 1
Strongly disagree
2 2
3 3
4 4
5 5
6 6
7 7
Strongly agree

br004 (how good brand)

[[]] mutual funds are...

1 1
Bad
2 2
3 3
4 4
5 5
6 6
7 7
Good

br005 (how favorable brand)

1 1
Unfavorable
2 2
3 3
4 4
5 5
6 6
7 7
Favorable

br006 (how positive brand)

1 1
Negative
2 2
3 3
4 4
5 5
6 6
7 7
Positive

br007 (how quality brand)

1 1
Low quality
2 2
3 3
4 4
5 5
6 6
7 7
High quality

br008 (how dependable brand)

I feel that [[]] is...

1 1
Very undependable
2 2
3 3
4 4
5 5
6 6
7 7
Very dependable

br009 (how competent brand)

1 1
Very incompetent
2 2
3 3
4 4
5 5
6 6
7 7
Very competent

br010 (how integrity brand)

1 1
Of low integrity
2 2
3 3
4 4
5 5
6 6
7 7
Of high integrity

End of group of questions

End of loop

di_intro (video intro)

For this next section, we will give you examples of various retirement investments and ask you how much you think each investment will be worth in one year. We will give you a range of possible future values in a chart to choose from.

To help you with this task, we will show you a short instructional video at this time. Please turn on your sound to hear the video.

di_intro2

Group of questions presented on the same screen

di001 (growth mutual fund)

Click here if you would like to review the video instructions

Suppose you have $100,000 in retirement savings that you can invest. How much do you think the $100,000 could be worth after one year if it is invested in a GROWTH mutual fund?

Many different outcomes are possible, with some outcomes more probable than others. Use the ball and bin chart below to indicate how likely you think each outcome is. Each ball represents a 1 in 100 chance that outcome will occur.

popup

End of group of questions

di001_sum := array_sum(explode("~", di001))

if di001_sum = empty OR di001_sum < 100 then

checkBalls

You did not allocate all 100 balls. Please go back to complete your answer.

End of if

Group of questions presented on the same screen

di002 (income mutual fund)

Click here if you would like to review the video instructions

Suppose you have $100,000 in retirement savings that you can invest. How much do you think $100,000 could be worth after one year if it is invested in an INCOME mutual fund?

Many different outcomes are possible, with some outcomes more probable than others. Use the ball and bin chart below to indicate how likely you think each outcome is. Each ball represents a 1 in 100 chance that outcome will occur.

popup

End of group of questions

di002_sum := array_sum(explode("~", di002))

if di002_sum = empty OR di002_sum < 100 then

checkBalls

You did not allocate all 100 balls. Please go back to complete your answer.

End of if

Group of questions presented on the same screen

di001_graph

Now we would like to ask you some questions about the ball and bin charts you just made. This page relates specifically to your response to the GROWTH fund question. The chart you made is below for your reference.

di001_confident (how confident growth)

How confident are you in your answer?

1 1 Not confident
2 2
3 3
4 4
5 5
6 6
7 7 Very confident

di001_why (why distribution growth)

Please explain why you placed the balls where you did for the GROWTH fund?

STRING

di001_intro

Click the types of investments that you think are included in GROWTH funds.

If you are not sure what one or more of the investments are in the list below, click the not sure box in the last column.

Subgroup of questions

di001_stocks (Stocks growth)

Stocks

1 Included in fund
2 Not included in fund
3 Not sure what this investment is

di001_bonds (Bonds growth)

Bonds

1 Included in fund
2 Not included in fund
3 Not sure what this investment is

di001_short (Short Term Reserves growth)

Short Term Reserves

1 Included in fund
2 Not included in fund
3 Not sure what this investment is

di001_cash (Cash growth)

Cash

1 Included in fund
2 Not included in fund
3 Not sure what this investment is

di001_cds (CDs growth)

CDs

1 Included in fund
2 Not included in fund
3 Not sure what this investment is

di001_real (Real Estate growth)

Real Estate

1 Included in fund
2 Not included in fund
3 Not sure what this investment is

di001_money (Money Market Fund growth)

Money Market Fund

1 Included in fund
2 Not included in fund
3 Not sure what this investment is

End of subgroup of questions

End of group of questions

Group of questions presented on the same screen

di002_graph

Now we would like to ask you some questions about the ball and bin charts you just made. This page relates specifically to your response to the INCOME fund question. The chart you made is below for your reference.

di002_confident (how confident income)

How confident are you in your answer?

1 1 Not confident
2 2
3 3
4 4
5 5
6 6
7 7 Very confident

di002_why (why distribution income)

Please explain why you placed the balls where you did for the INCOME fund?

STRING

di002_intro

Click the types of investments that you think are included in INCOME funds.

If you are not sure what one or more of the investments are in the list below, click the not sure box in the last column.

Subgroup of questions

di002_stocks (Stocks income)

Stocks

1 Included in fund
2 Not included in fund
3 Not sure what this investment is

di002_bonds (Bonds income)

Bonds

1 Included in fund
2 Not included in fund
3 Not sure what this investment is

di002_short (Short Term Reserves income)

Short Term Reserves

1 Included in fund
2 Not included in fund
3 Not sure what this investment is

di002_cash (Cash income)

Cash

1 Included in fund
2 Not included in fund
3 Not sure what this investment is

di002_cds (CDs income)

CDs

1 Included in fund
2 Not included in fund
3 Not sure what this investment is

di002_real (Real Estate income)

Real Estate

1 Included in fund
2 Not included in fund
3 Not sure what this investment is

di002_money (Money Market Fund income)

Money Market Fund

1 Included in fund
2 Not included in fund
3 Not sure what this investment is

End of subgroup of questions

End of group of questions

di003 (how difficult)

How difficult was this ball and bins task?

1 1 Not difficult
2 2
3 3
4 4
5 5
6 6
7 7 Very difficult

di004 (what most difficult)

What parts of the ball and bins task did you find the most difficult?

STRING

di005 (what type of information would have helped)

What type of additional information would have helped you complete the ball and bin task with more confidence?

STRING

if randomizer_type = empty then

randomizer_type := mt_rand(1,3)

End of if

if randomizer_type = 1 then

ra_intro1

The following questions ask you about investment funds for retirement accounts.

In each scenario, please consider the funds shown then tell us:

Which fund do you think will have the HIGHEST average return?
Which fund do you think will have the LOWEST average return?

This task may seem repetitive, but this exercise is very important for us to fully understand what you think about investment funds.

If you are unsure how to rank the funds, please make your best guess.

elseif randomizer_type = 2 then

ra_intro2

The following questions ask you about investment funds for retirement accounts.

In each scenario, please consider the funds shown then tell us:

Which fund do you think will have the HIGHEST risk?
Which fund do you think will have the LOWEST risk?

Else

ra_intro3

The following questions ask you about investment funds for retirement accounts.

In each scenario, please consider the funds shown then tell us:

Which fund you would be MOST LIKELY to choose to invest your retirement savings in
Which fund you would be LEAST LIKELY to choose to invest your retirement savings in

End of if

if sizeof(scenario_order) = 0 then

scenario_order := shuffleArray(array(1 => 1, 2 => 2, 3 => 3, 4 => 4, 5 => 5, 6 => 6, 7 => 7, 8 => 8, 9 => 9, 10 => 10, 11 => 11, 12 => 12, 13 => 13, 14 => 14, 15 => 15, 16 => 16, 17 => 17, 18 => 18, 19 => 19, 20 => 20))

End of if

Loop from 1 to 20

Fill code of question 'FLFunds' executed

if randomizer_type = 1 then

Group of questions presented on the same screen

ra001_intro (average return)

In the table below, please consider the funds shown then tell us:

Which fund do you think will have the HIGHEST average return?
Which fund do you think will have the LOWEST average return?

Subgroup of questions

ra001a (highest average return)

HIGHEST average return

1 [Income/Growth/Capital Preservation/Inflation Protection/Vanguard Income/Vanguard Growth/Vanguard Capital Preservation/Vanguard Inflation Protection/Wells Fargo Income/Wells Fargo Growth/Wells Fargo Capital Preservation/Wells Fargo Inflation Protection/Non-U.S. Equity/U.S. Large-Cap Equity/U.S. Small & Mid Cap Equity/U.S. Core Plus Bond]
2 [Income/Growth/Capital Preservation/Inflation Protection/Vanguard Income/Vanguard Growth/Vanguard Capital Preservation/Vanguard Inflation Protection/Wells Fargo Income/Wells Fargo Growth/Wells Fargo Capital Preservation/Wells Fargo Inflation Protection/Non-U.S. Equity/U.S. Large-Cap Equity/U.S. Small & Mid Cap Equity/U.S. Core Plus Bond]
3 [Income/Growth/Capital Preservation/Inflation Protection/Vanguard Income/Vanguard Growth/Vanguard Capital Preservation/Vanguard Inflation Protection/Wells Fargo Income/Wells Fargo Growth/Wells Fargo Capital Preservation/Wells Fargo Inflation Protection/Non-U.S. Equity/U.S. Large-Cap Equity/U.S. Small & Mid Cap Equity/U.S. Core Plus Bond]
4 [Income/Growth/Capital Preservation/Inflation Protection/Vanguard Income/Vanguard Growth/Vanguard Capital Preservation/Vanguard Inflation Protection/Wells Fargo Income/Wells Fargo Growth/Wells Fargo Capital Preservation/Wells Fargo Inflation Protection/Non-U.S. Equity/U.S. Large-Cap Equity/U.S. Small & Mid Cap Equity/U.S. Core Plus Bond]
5 [Income/Growth/Capital Preservation/Inflation Protection/Vanguard Income/Vanguard Growth/Vanguard Capital Preservation/Vanguard Inflation Protection/Wells Fargo Income/Wells Fargo Growth/Wells Fargo Capital Preservation/Wells Fargo Inflation Protection/Non-U.S. Equity/U.S. Large-Cap Equity/U.S. Small & Mid Cap Equity/U.S. Core Plus Bond]
6 [Income/Growth/Capital Preservation/Inflation Protection/Vanguard Income/Vanguard Growth/Vanguard Capital Preservation/Vanguard Inflation Protection/Wells Fargo Income/Wells Fargo Growth/Wells Fargo Capital Preservation/Wells Fargo Inflation Protection/Non-U.S. Equity/U.S. Large-Cap Equity/U.S. Small & Mid Cap Equity/U.S. Core Plus Bond]
7 [Income/Growth/Capital Preservation/Inflation Protection/Vanguard Income/Vanguard Growth/Vanguard Capital Preservation/Vanguard Inflation Protection/Wells Fargo Income/Wells Fargo Growth/Wells Fargo Capital Preservation/Wells Fargo Inflation Protection/Non-U.S. Equity/U.S. Large-Cap Equity/U.S. Small & Mid Cap Equity/U.S. Core Plus Bond]
8 [Income/Growth/Capital Preservation/Inflation Protection/Vanguard Income/Vanguard Growth/Vanguard Capital Preservation/Vanguard Inflation Protection/Wells Fargo Income/Wells Fargo Growth/Wells Fargo Capital Preservation/Wells Fargo Inflation Protection/Non-U.S. Equity/U.S. Large-Cap Equity/U.S. Small & Mid Cap Equity/U.S. Core Plus Bond]
9 [Income/Growth/Capital Preservation/Inflation Protection/Vanguard Income/Vanguard Growth/Vanguard Capital Preservation/Vanguard Inflation Protection/Wells Fargo Income/Wells Fargo Growth/Wells Fargo Capital Preservation/Wells Fargo Inflation Protection/Non-U.S. Equity/U.S. Large-Cap Equity/U.S. Small & Mid Cap Equity/U.S. Core Plus Bond]
10 [Income/Growth/Capital Preservation/Inflation Protection/Vanguard Income/Vanguard Growth/Vanguard Capital Preservation/Vanguard Inflation Protection/Wells Fargo Income/Wells Fargo Growth/Wells Fargo Capital Preservation/Wells Fargo Inflation Protection/Non-U.S. Equity/U.S. Large-Cap Equity/U.S. Small & Mid Cap Equity/U.S. Core Plus Bond]
11 [Income/Growth/Capital Preservation/Inflation Protection/Vanguard Income/Vanguard Growth/Vanguard Capital Preservation/Vanguard Inflation Protection/Wells Fargo Income/Wells Fargo Growth/Wells Fargo Capital Preservation/Wells Fargo Inflation Protection/Non-U.S. Equity/U.S. Large-Cap Equity/U.S. Small & Mid Cap Equity/U.S. Core Plus Bond]
12 [Income/Growth/Capital Preservation/Inflation Protection/Vanguard Income/Vanguard Growth/Vanguard Capital Preservation/Vanguard Inflation Protection/Wells Fargo Income/Wells Fargo Growth/Wells Fargo Capital Preservation/Wells Fargo Inflation Protection/Non-U.S. Equity/U.S. Large-Cap Equity/U.S. Small & Mid Cap Equity/U.S. Core Plus Bond]
13 [Income/Growth/Capital Preservation/Inflation Protection/Vanguard Income/Vanguard Growth/Vanguard Capital Preservation/Vanguard Inflation Protection/Wells Fargo Income/Wells Fargo Growth/Wells Fargo Capital Preservation/Wells Fargo Inflation Protection/Non-U.S. Equity/U.S. Large-Cap Equity/U.S. Small & Mid Cap Equity/U.S. Core Plus Bond]
14 [Income/Growth/Capital Preservation/Inflation Protection/Vanguard Income/Vanguard Growth/Vanguard Capital Preservation/Vanguard Inflation Protection/Wells Fargo Income/Wells Fargo Growth/Wells Fargo Capital Preservation/Wells Fargo Inflation Protection/Non-U.S. Equity/U.S. Large-Cap Equity/U.S. Small & Mid Cap Equity/U.S. Core Plus Bond]
15 [Income/Growth/Capital Preservation/Inflation Protection/Vanguard Income/Vanguard Growth/Vanguard Capital Preservation/Vanguard Inflation Protection/Wells Fargo Income/Wells Fargo Growth/Wells Fargo Capital Preservation/Wells Fargo Inflation Protection/Non-U.S. Equity/U.S. Large-Cap Equity/U.S. Small & Mid Cap Equity/U.S. Core Plus Bond]
16 [Income/Growth/Capital Preservation/Inflation Protection/Vanguard Income/Vanguard Growth/Vanguard Capital Preservation/Vanguard Inflation Protection/Wells Fargo Income/Wells Fargo Growth/Wells Fargo Capital Preservation/Wells Fargo Inflation Protection/Non-U.S. Equity/U.S. Large-Cap Equity/U.S. Small & Mid Cap Equity/U.S. Core Plus Bond]
17 [Income/Growth/Capital Preservation/Inflation Protection/Vanguard Income/Vanguard Growth/Vanguard Capital Preservation/Vanguard Inflation Protection/Wells Fargo Income/Wells Fargo Growth/Wells Fargo Capital Preservation/Wells Fargo Inflation Protection/Non-U.S. Equity/U.S. Large-Cap Equity/U.S. Small & Mid Cap Equity/U.S. Core Plus Bond]
18 [Income/Growth/Capital Preservation/Inflation Protection/Vanguard Income/Vanguard Growth/Vanguard Capital Preservation/Vanguard Inflation Protection/Wells Fargo Income/Wells Fargo Growth/Wells Fargo Capital Preservation/Wells Fargo Inflation Protection/Non-U.S. Equity/U.S. Large-Cap Equity/U.S. Small & Mid Cap Equity/U.S. Core Plus Bond]
19 [Income/Growth/Capital Preservation/Inflation Protection/Vanguard Income/Vanguard Growth/Vanguard Capital Preservation/Vanguard Inflation Protection/Wells Fargo Income/Wells Fargo Growth/Wells Fargo Capital Preservation/Wells Fargo Inflation Protection/Non-U.S. Equity/U.S. Large-Cap Equity/U.S. Small & Mid Cap Equity/U.S. Core Plus Bond]
20 [Income/Growth/Capital Preservation/Inflation Protection/Vanguard Income/Vanguard Growth/Vanguard Capital Preservation/Vanguard Inflation Protection/Wells Fargo Income/Wells Fargo Growth/Wells Fargo Capital Preservation/Wells Fargo Inflation Protection/Non-U.S. Equity/U.S. Large-Cap Equity/U.S. Small & Mid Cap Equity/U.S. Core Plus Bond]

ra001b (lowest average return)

LOWEST average return

End of subgroup of questions

End of group of questions

if ra001a[scenario_order[cnt]] = response and ra001b[scenario_order[cnt]] = response and ra001a[scenario_order[cnt]] = ra001b[scenario_order[cnt]] then

checkDouble

Please select different funds for the ones you think will have the HIGHEST and LOWEST average return.

End of if

elseif randomizer_type = 2 then

Group of questions presented on the same screen

ra002_intro (risk)

In the table below, please consider the funds shown then tell us:

Which fund do you think will have the HIGHEST risk?
Which fund do you think will have the LOWEST risk?

Subgroup of questions

ra002a (highest risk)

HIGHEST risk

ra002b (lowest risk)

LOWEST risk

End of subgroup of questions

End of group of questions

if ra002a[scenario_order[cnt]] = response and ra002b[scenario_order[cnt]] = response and ra002a[scenario_order[cnt]] = ra002b[scenario_order[cnt]] then

checkDouble2

Please select different funds for the ones you think will have the HIGHEST and LOWEST risk.

End of if

Else

Group of questions presented on the same screen

ra003_intro (risk)

In the table below, please consider the funds shown then tell us:

Which fund you would be MOST LIKELY to choose to invest your retirement savings in
Which fund you would be LEAST LIKELY to choose to invest your retirement savings in

Subgroup of questions

ra003a (most likely)

MOST LIKELY to choose

ra003b (least likely)

LEAST LIKELY to choose

End of subgroup of questions

End of group of questions

if ra003a[scenario_order[cnt]] = response and ra003b[scenario_order[cnt]] = response and ra003a[scenario_order[cnt]] = ra003b[scenario_order[cnt]] then

checkDouble3

Please select different funds for the ones you think you are MOST LIKELY and LEAST LIKELY to choose to invest your retirement savings in.

End of if

End of loop

notice

This study was an attempt to understand how various attributes of mutual funds influence individuals’ investment decisions. Thank you for your participation!

CS_001 (HOW PLEASANT INTERVIEW)

Could you tell us how interesting or uninteresting you found the questions in this interview?

1 Very interesting
2 Interesting
3 Neither interesting nor uninteresting
4 Uninteresting
5 Very uninteresting

CS_003 (comments)

Do you have any other comments on the interview? Please type these in the box below.(If you have no comments, please click next to complete this survey.)

STRING