TO2.0 Participant name... Answer Sheet First value Second value Third value Fourth value y 1 = €.... y 2 = €.... y 3 = €.... y 4 = €....

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Presentation transcript:

TO2.0 Participant name... Answer Sheet First value Second value Third value Fourth value y 1 = €.... y 2 = €.... y 3 = €.... y 4 = €....

€25 Determining first number y 1 TO2.1 €16 ½ ½ ½ ½ Left prospect Right prospect €3 €Y€Y y 1 =... - For small values of Y you prefer the right prospect. - For large values of Y you prefer the left prospect. - For some value of Y, which we call y 1, your preference switches. - Fill this switching value in below, and then on page TO2.0.

€Y€Y Determining second number y 2 TO2.2 €3 €16 ½ ½ ½ ½... First substitute your value y 1 here. - You have substituted your value y 1. - Determine your switching value of Y again. - We call it y 2 (obviously, y 2 > y 1 ). - Fill it in below and on page TO2.0. y 2 =...

€Y€Y Determining third number y 3 TO2.3 €3 €16 ½ ½ ½ ½... First substitute your value y 2 here. - You have substituted your value y 2. - Determine your switching value of Y again. - We call it y 3 (obviously, y 3 > y 2 ). - Fill it in below and on page TO2.0. y 3 =...

€Y€Y Determining fourth number y 4 TO2.4 €3 €16 ½ ½ ½ ½... First substitute your value y 3 here. - You have substituted your value y 3. - Determine your switching value of Y again. - We call it y 4 (obviously, y 4 > y 3 ). - Fill it in below and on page TO2.0. y 4 =...