Academic Research Study

Welcome to the Study

This study explores how people evaluate and make financial decisions. It should take around 12–15 minutes to complete.

  • Complete a short background questionnaire
  • Answer a few personality and preference scales
  • Make a series of financial decisions
Block 1 of 4
Background Information

About You

Help us understand our participant group. This takes less than a minute.

* All questions are required. You won't be able to return to this page once you continue.

Consent
Yes — I agree to participate
No — I do not wish to participate
Block 2 of 4
Questionnaires

A Few Quick Questionnaires

Two short sections. There are no right or wrong answers — just choose the option closest to how you see yourself.

* Every statement must be answered. You won't be able to return to this page once you continue.

How well do the following describe you? (1 = Strongly disagree, 5 = Strongly agree)
How well do the following describe you? (1 = Strongly disagree, 5 = Strongly agree)
Block 3 of 4
Before You Decide

How This Part Works

You have been randomly paired with another participant for this session — we'll call them your peer. In each round, you'll also see the amount your peer receives for certain.

You're about to make 12 decisions. Here's how each one works.

  • 1
    In each round, you'll see a jar filled with coloured balls — Red and Blue. One ball is drawn at random from the jar to determine your payoff for that round.
  • 2
    In some rounds, you'll be told exactly how many Red and Blue balls are in the jar. In others, the colour of some or all balls is unknown to you — shown in grey.
  • 3
    For each round, choose between two payment options — Gamble 1 and Gamble 2 — based on what you'd receive if a Red or Blue ball is drawn.
  • 4
    Every round also shows the amount your peer receives for certain. This amount is fixed — nothing you choose can change it. It's shown only so you can see how your outcome compares to theirs.
Known Red ball
Known Blue ball
Unknown colour
Block 3 of 4
Quick Check

Just to confirm…

Based on the instructions you just read, please answer the following. You won't be able to go back to the instructions.

* Both questions are required.

1. In each round, does the amount your peer receives depend on the choice you make?*

No — my peer's amount is fixed and I cannot change it
Yes — my choice changes how much my peer gets
Only if I choose Gamble 1
I'm not sure

2. When a ball is shown in grey, what does that mean?*

Its colour is unknown to me
It is worth nothing
It counts as both Red and Blue
It is always drawn last
Block 4 of 4 — Decision 1 of 12
Y
You
₹900–₹1,500
What you could win this round
vs
Your peer is ahead
Your peer
₹1,500
Receives ₹1,500 for certain — the most you could win
P
Make Your Choice

Decision 1

This jar holds 100 balls in total — half Red and half Blue. You can see the exact mix.

How to read a gamble: the amount you receive depends on which ball is drawn from the jar. For example, if you choose Gamble 1 and a Red ball is drawn you receive ₹1,500; if a Blue ball is drawn you receive ₹900. Just pick the gamble you'd prefer to play.
Gamble 1
₹1,500
if Red ball drawn
₹900
if Blue ball drawn
Gamble 2
₹1,275
if Red ball drawn
₹1,125
if Blue ball drawn
Halfway there

6 down, 6 to go

You've finished the first set of jars. The next set works a little differently.

Thank You!

Your participation in this study is complete. Your responses have been saved securely and are completely anonymous.

If you have any questions or concerns about this study, feel free to reach out to us at hh.harshitrastogi@gmail.com or divya88virgo@gmail.com.

You may now close this window.

No problem

You've chosen not to take part, which is completely fine. No responses have been recorded. Thank you for your time — you may now close this window.