Risky choice experiment, using Bayesian Adaptive Design

We use Bayesian Adaptive Design to run a highly efficient experiment in order to get a very precise measure of the parameters of the Linear In Log Odds probability weighting function.

The experiment:
Participants get an information screen. In each trial they will choose between two prospects. These consist of a reward, a delay, and a probability of occurring. Participants choose using the left or right keys.

If you use this experiment, or adapt it, please cite our pre-print (full paper forthcoming):

    Vincent, B. T., & Rainforth, T. (2017, October 20). The DARC Toolbox: automated, flexible, and efficient delayed and risky choice experiments using Bayesian adaptive design. https://doi.org/10.31234/osf.io/yehjb