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<h2 class="hd hd-2 unit-title">Pre-Class Survey</h2>
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<h3><b class="bf" style="text-rendering: optimizelegibility; margin: 0px; padding: 0px; border: 0px; outline: 0px; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-stretch: inherit; line-height: 1.4em; font-family: 'Open Sans', 'Helvetica Neue', Helvetica, Arial, sans-serif; vertical-align: baseline; color: #313131;">Pre-Class survey:</b><span style="color: #313131; font-family: 'Open Sans', 'Helvetica Neue', Helvetica, Arial, sans-serif;"> </span></h3>
<p>Please indicate your subjective preferences in the polls below: there are no right or wrong answers! Note that you will be unable to change your answers to the survey once you have selected an option. The class results will update as more people submit the survey.</p>
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<h3 class="poll-header">Poll 1</h3>
<form>
<fieldset class="poll-container">
<legend class="poll-question">
<p>In addition to whatever you own, you have been given $2,000. You are now asked to choose one of these options:</p>
</legend>
<div class="poll-answers">
<div class="poll-answer">
<div class="poll-input-container">
<input type="radio" name="choice" id="poll-f5124c78c6704d1190b7277275a74e2a-answer-R" value="R"
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<label class="poll-answer-text" for="poll-f5124c78c6704d1190b7277275a74e2a-answer-R"><p>50% chance to lose $1,000</p></label>
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<div class="poll-answer">
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<input type="radio" name="choice" id="poll-f5124c78c6704d1190b7277275a74e2a-answer-B" value="B"
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<label class="poll-answer-text" for="poll-f5124c78c6704d1190b7277275a74e2a-answer-B"><p>Lose $500 for sure</p></label>
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</div>
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<input class="input-main" type="button" name="poll-submit" value="Submit" disabled/>
</form>
<div class="poll-voting-thanks
poll-hidden">
<span>Thank you.</span>
</div>
</div>
</div>
</div>
</div>
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<h3 class="poll-header">Poll 2</h3>
<form>
<fieldset class="poll-container">
<legend class="poll-question">
<p>Which of the following options do you prefer?</p>
</legend>
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<div class="poll-answer">
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<input type="radio" name="choice" id="poll-0da0379f5b9742af95d0b05104a37d45-answer-R" value="R"
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<label class="poll-answer-text" for="poll-0da0379f5b9742af95d0b05104a37d45-answer-R"><p>25% chance to win $30</p></label>
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<label class="poll-answer-text" for="poll-0da0379f5b9742af95d0b05104a37d45-answer-B"><p>20% chance to win $45</p></label>
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<input class="input-main" type="button" name="poll-submit" value="Submit" disabled/>
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<div class="poll-voting-thanks
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<span>Thank you.</span>
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</div>
</div>
</div>
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<h3 class="poll-header">Poll 3</h3>
<form>
<fieldset class="poll-container">
<legend class="poll-question">
<p>Imagine that the U.S. is preparing for the outbreak of a disease, which is expected to kill 600 people. Two alternative programs to combat the disease have been proposed. </p>
<p>Assume that the exact scientific estimate of the consequences of the programs are as follows: </p>
<ul>
<li>
<p>If Program A is adopted, 400 people will die. </p>
</li>
<li>
<p>If Program B is adopted, there is 1/3 probability that nobody will die, and 2/3 probability that 600 people will die. </p>
</li>
</ul>
<p>Which of the two programs would you favor?</p>
</legend>
<div class="poll-answers">
<div class="poll-answer">
<div class="poll-input-container">
<input type="radio" name="choice" id="poll-79008b1e3e6a4bd9afff088a1a195026-answer-R" value="R"
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<input class="input-main" type="button" name="poll-submit" value="Submit" disabled/>
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<div class="poll-voting-thanks
poll-hidden">
<span>Thank you.</span>
</div>
</div>
</div>
</div>
</div>
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<div class="poll-block themed-xblock" data-private=""
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<div class="poll-block-form-wrapper">
<h3 class="poll-header">Poll 4</h3>
<form>
<fieldset class="poll-container">
<legend class="poll-question">
<p>Imagine that you are about to purchase a jacket for $375, and a calculator for $45. The calculator salesman informs you that the calculator you wish to buy is on sale for $30 at the other branch of the store, located 20 minutes drive away. </p>
<p>Would you make the trip to the other store?</p>
</legend>
<div class="poll-answers">
<div class="poll-answer">
<div class="poll-input-container">
<input type="radio" name="choice" id="poll-5ce0449aa0db4e32a83a6588a52994da-answer-R" value="R"
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</div>
</fieldset>
<input class="input-main" type="button" name="poll-submit" value="Submit" disabled/>
</form>
<div class="poll-voting-thanks
poll-hidden">
<span>Thank you.</span>
</div>
</div>
</div>
</div>
</div>
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data-can-vote="1">
<div class="poll-block-form-wrapper">
<h3 class="poll-header">Poll 5</h3>
<form>
<fieldset class="poll-container">
<legend class="poll-question">
<p>Imagine that you have decided to see a play and paid the admission price of $30 per ticket. As you enter the theater you discover that you have lost the ticket. The seat was not marked and the ticket cannot be recovered. </p>
<p>Would you pay $30 for another ticket?</p>
</legend>
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<div class="poll-answer">
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</div>
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<input class="input-main" type="button" name="poll-submit" value="Submit" disabled/>
</form>
<div class="poll-voting-thanks
poll-hidden">
<span>Thank you.</span>
</div>
</div>
</div>
</div>
</div>
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{{/each}}
</ul>
<input class="input-main" type="button" name="poll-submit" value="{{gettext "Submit"}}" disabled>
<div class="poll-footnote">
{{interpolate (ngettext "Results gathered from {total} respondent." "Results gathered from {total} respondents." total) total=total}}
</div>
{{#if feedback}}
<hr />
<h3 class="poll-header">{{gettext "Feedback" }}</h3>
<div class="poll-feedback">
{{{feedback}}}
</div>
{{/if}}
</div>
</script>
<div class="poll-block themed-xblock" data-private=""
data-can-vote="1">
<div class="poll-block-form-wrapper">
<h3 class="poll-header">Poll 6</h3>
<form>
<fieldset class="poll-container">
<legend class="poll-question">
<p>Of the following six gambles, which would you prefer the most?</p>
</legend>
<div class="poll-answers">
<div class="poll-answer">
<div class="poll-input-container">
<input type="radio" name="choice" id="poll-010d120b610c4ce9b0218044c4b67994-answer-R" value="R"
/>
</div>
<label class="poll-answer-text" for="poll-010d120b610c4ce9b0218044c4b67994-answer-R"><p>Gamble 1. Win $28 with probability 100%</p></label>
</div>
<div class="poll-answer">
<div class="poll-input-container">
<input type="radio" name="choice" id="poll-010d120b610c4ce9b0218044c4b67994-answer-B" value="B"
/>
</div>
<label class="poll-answer-text" for="poll-010d120b610c4ce9b0218044c4b67994-answer-B"><p>Gamble 2. Win $36 with probability 50%; win $24 with probability 50%</p></label>
</div>
<div class="poll-answer">
<div class="poll-input-container">
<input type="radio" name="choice" id="poll-010d120b610c4ce9b0218044c4b67994-answer-1603553263058" value="1603553263058"
/>
</div>
<label class="poll-answer-text" for="poll-010d120b610c4ce9b0218044c4b67994-answer-1603553263058"><p>Gamble 3. Win $44 with probability 50%; win $20 with probability 50%</p></label>
</div>
<div class="poll-answer">
<div class="poll-input-container">
<input type="radio" name="choice" id="poll-010d120b610c4ce9b0218044c4b67994-answer-1603553270066" value="1603553270066"
/>
</div>
<label class="poll-answer-text" for="poll-010d120b610c4ce9b0218044c4b67994-answer-1603553270066"><p>Gamble 4. Win $52 with probability 50%; win $16 with probability 50%</p></label>
</div>
<div class="poll-answer">
<div class="poll-input-container">
<input type="radio" name="choice" id="poll-010d120b610c4ce9b0218044c4b67994-answer-1603553272327" value="1603553272327"
/>
</div>
<label class="poll-answer-text" for="poll-010d120b610c4ce9b0218044c4b67994-answer-1603553272327"><p>Gamble 5. Win $60 with probability 50%; win $12 with probability 50%</p></label>
</div>
<div class="poll-answer">
<div class="poll-input-container">
<input type="radio" name="choice" id="poll-010d120b610c4ce9b0218044c4b67994-answer-1603553283757" value="1603553283757"
/>
</div>
<label class="poll-answer-text" for="poll-010d120b610c4ce9b0218044c4b67994-answer-1603553283757"><p>Gamble 6. Win $70 with probability 50%; win $2 with probability 50%</p></label>
</div>
</div>
</fieldset>
<input class="input-main" type="button" name="poll-submit" value="Submit" disabled/>
</form>
<div class="poll-voting-thanks
poll-hidden">
<span>Thank you.</span>
</div>
</div>
</div>
</div>
</div>
<div class="vert vert-7" data-id="block-v1:MITx+15.481x+1T2021+type@poll+block@faf2ce49c7354a739605ddc6d8c9ad00">
<div class="xblock xblock-public_view xblock-public_view-poll" data-has-score="False" data-runtime-class="LmsRuntime" data-graded="False" data-request-token="6facd178ed2411efbea412d4917dea95" data-runtime-version="1" data-block-type="poll" data-course-id="course-v1:MITx+15.481x+1T2021" data-init="PollBlock" data-usage-id="block-v1:MITx+15.481x+1T2021+type@poll+block@faf2ce49c7354a739605ddc6d8c9ad00">
<script class="poll-results-template" type="text/html">
<h3 class="poll-header">{{display_name}}</h3>
<div class="poll-question">{{{question}}}</div>
<div class="poll-results-wrapper" role="radiogroup" tabindex="0">
<h4 class="poll-header">{{gettext "Results" }}</h4>
<ul class="poll-answers-results poll-results {{~#if any_img}} has-images{{/if}}">
{{#each tally}}
<li class="poll-result">
<div class="poll-result-input-container">
<input id="answer-{{key}}-{{../block_id}}" type="radio" disabled {{#if choice}}checked{{/if}} />
</div>
{{~#if ../any_img~}}
<div class="poll-image result-image">
<label for="answer-{{key}}-{{../block_id}}" class="poll-image-label">
{{#if img}}
<img src="{{img}}" alt="{{img_alt}}"/>
{{/if}}
</label>
</div><div class="percentage-gauge-background"></div>
{{~/if~}}
<div class="percentage-gauge-container">
<div class="percentage-gauge" style="width:{{percent}}%;"></div>
<label class="poll-answer-label" for="answer-{{key}}-{{../block_id}}">{{{answer}}}</label>
</div>
<div class="poll-percent-container">
<span class="poll-percent-display{{#if leader}} poll-top-choice{{/if}}">{{percent}}%</span>
</div>
</li>
{{/each}}
</ul>
<input class="input-main" type="button" name="poll-submit" value="{{gettext "Submit"}}" disabled>
<div class="poll-footnote">
{{interpolate (ngettext "Results gathered from {total} respondent." "Results gathered from {total} respondents." total) total=total}}
</div>
{{#if feedback}}
<hr />
<h3 class="poll-header">{{gettext "Feedback" }}</h3>
<div class="poll-feedback">
{{{feedback}}}
</div>
{{/if}}
</div>
</script>
<div class="poll-block themed-xblock" data-private=""
data-can-vote="1">
<div class="poll-block-form-wrapper">
<h3 class="poll-header">Poll 7</h3>
<form>
<fieldset class="poll-container">
<legend class="poll-question">
<p>Which of the following options do you prefer?</p>
</legend>
<div class="poll-answers">
<div class="poll-answer">
<div class="poll-input-container">
<input type="radio" name="choice" id="poll-faf2ce49c7354a739605ddc6d8c9ad00-answer-R" value="R"
/>
</div>
<label class="poll-answer-text" for="poll-faf2ce49c7354a739605ddc6d8c9ad00-answer-R"><p>A sure win of $30</p></label>
</div>
<div class="poll-answer">
<div class="poll-input-container">
<input type="radio" name="choice" id="poll-faf2ce49c7354a739605ddc6d8c9ad00-answer-B" value="B"
/>
</div>
<label class="poll-answer-text" for="poll-faf2ce49c7354a739605ddc6d8c9ad00-answer-B"><p>80% chance to win $45</p></label>
</div>
</div>
</fieldset>
<input class="input-main" type="button" name="poll-submit" value="Submit" disabled/>
</form>
<div class="poll-voting-thanks
poll-hidden">
<span>Thank you.</span>
</div>
</div>
</div>
</div>
</div>
<div class="vert vert-8" data-id="block-v1:MITx+15.481x+1T2021+type@poll+block@8bf9650c2a0d4839ae4b6eadb58e95a9">
<div class="xblock xblock-public_view xblock-public_view-poll" data-has-score="False" data-runtime-class="LmsRuntime" data-graded="False" data-request-token="6facd178ed2411efbea412d4917dea95" data-runtime-version="1" data-block-type="poll" data-course-id="course-v1:MITx+15.481x+1T2021" data-init="PollBlock" data-usage-id="block-v1:MITx+15.481x+1T2021+type@poll+block@8bf9650c2a0d4839ae4b6eadb58e95a9">
<script class="poll-results-template" type="text/html">
<h3 class="poll-header">{{display_name}}</h3>
<div class="poll-question">{{{question}}}</div>
<div class="poll-results-wrapper" role="radiogroup" tabindex="0">
<h4 class="poll-header">{{gettext "Results" }}</h4>
<ul class="poll-answers-results poll-results {{~#if any_img}} has-images{{/if}}">
{{#each tally}}
<li class="poll-result">
<div class="poll-result-input-container">
<input id="answer-{{key}}-{{../block_id}}" type="radio" disabled {{#if choice}}checked{{/if}} />
</div>
{{~#if ../any_img~}}
<div class="poll-image result-image">
<label for="answer-{{key}}-{{../block_id}}" class="poll-image-label">
{{#if img}}
<img src="{{img}}" alt="{{img_alt}}"/>
{{/if}}
</label>
</div><div class="percentage-gauge-background"></div>
{{~/if~}}
<div class="percentage-gauge-container">
<div class="percentage-gauge" style="width:{{percent}}%;"></div>
<label class="poll-answer-label" for="answer-{{key}}-{{../block_id}}">{{{answer}}}</label>
</div>
<div class="poll-percent-container">
<span class="poll-percent-display{{#if leader}} poll-top-choice{{/if}}">{{percent}}%</span>
</div>
</li>
{{/each}}
</ul>
<input class="input-main" type="button" name="poll-submit" value="{{gettext "Submit"}}" disabled>
<div class="poll-footnote">
{{interpolate (ngettext "Results gathered from {total} respondent." "Results gathered from {total} respondents." total) total=total}}
</div>
{{#if feedback}}
<hr />
<h3 class="poll-header">{{gettext "Feedback" }}</h3>
<div class="poll-feedback">
{{{feedback}}}
</div>
{{/if}}
</div>
</script>
<div class="poll-block themed-xblock" data-private=""
data-can-vote="1">
<div class="poll-block-form-wrapper">
<h3 class="poll-header">Poll 8</h3>
<form>
<fieldset class="poll-container">
<legend class="poll-question">
<p>Consider the following two-stage game: </p>
<p>In the first stage, there is a 75% chance to end the game without winning anything, and a 25% chance to move into the second stage. </p>
<p>If you reach the second stage you have a choice between:
A. a sure win of $30, and
B. 80% chance to win $45. </p>
<p>Your choice must be made before the game starts, i.e., before the outcome of the first stage is known.
Please indicate the option you prefer.</p>
</legend>
<div class="poll-answers">
<div class="poll-answer">
<div class="poll-input-container">
<input type="radio" name="choice" id="poll-8bf9650c2a0d4839ae4b6eadb58e95a9-answer-R" value="R"
/>
</div>
<label class="poll-answer-text" for="poll-8bf9650c2a0d4839ae4b6eadb58e95a9-answer-R"><p>A sure win of $30</p></label>
</div>
<div class="poll-answer">
<div class="poll-input-container">
<input type="radio" name="choice" id="poll-8bf9650c2a0d4839ae4b6eadb58e95a9-answer-B" value="B"
/>
</div>
<label class="poll-answer-text" for="poll-8bf9650c2a0d4839ae4b6eadb58e95a9-answer-B"><p>80% chance to win $45</p></label>
</div>
</div>
</fieldset>
<input class="input-main" type="button" name="poll-submit" value="Submit" disabled/>
</form>
<div class="poll-voting-thanks
poll-hidden">
<span>Thank you.</span>
</div>
</div>
</div>
</div>
</div>
<div class="vert vert-9" data-id="block-v1:MITx+15.481x+1T2021+type@html+block@66fae57803ca480884928a8e9d21abe7">
<div class="xblock xblock-public_view xblock-public_view-html xmodule_display xmodule_HtmlBlock" data-has-score="False" data-runtime-class="LmsRuntime" data-graded="False" data-request-token="6facd178ed2411efbea412d4917dea95" data-runtime-version="1" data-block-type="html" data-course-id="course-v1:MITx+15.481x+1T2021" data-init="XBlockToXModuleShim" data-usage-id="block-v1:MITx+15.481x+1T2021+type@html+block@66fae57803ca480884928a8e9d21abe7">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "HTMLModule"}
</script>
<h3><strong>Poll 9 Instructions:</strong></h3>
<p>For Poll 9a and 9b, imagine that you face the following pair of concurrent decisions. <strong>First examine both decisions</strong>, then indicate the options you prefer.<strong></strong></p>
</div>
</div>
<div class="vert vert-10" data-id="block-v1:MITx+15.481x+1T2021+type@poll+block@232673af0e6441f797123934403a7551">
<div class="xblock xblock-public_view xblock-public_view-poll" data-has-score="False" data-runtime-class="LmsRuntime" data-graded="False" data-request-token="6facd178ed2411efbea412d4917dea95" data-runtime-version="1" data-block-type="poll" data-course-id="course-v1:MITx+15.481x+1T2021" data-init="PollBlock" data-usage-id="block-v1:MITx+15.481x+1T2021+type@poll+block@232673af0e6441f797123934403a7551">
<script class="poll-results-template" type="text/html">
<h3 class="poll-header">{{display_name}}</h3>
<div class="poll-question">{{{question}}}</div>
<div class="poll-results-wrapper" role="radiogroup" tabindex="0">
<h4 class="poll-header">{{gettext "Results" }}</h4>
<ul class="poll-answers-results poll-results {{~#if any_img}} has-images{{/if}}">
{{#each tally}}
<li class="poll-result">
<div class="poll-result-input-container">
<input id="answer-{{key}}-{{../block_id}}" type="radio" disabled {{#if choice}}checked{{/if}} />
</div>
{{~#if ../any_img~}}
<div class="poll-image result-image">
<label for="answer-{{key}}-{{../block_id}}" class="poll-image-label">
{{#if img}}
<img src="{{img}}" alt="{{img_alt}}"/>
{{/if}}
</label>
</div><div class="percentage-gauge-background"></div>
{{~/if~}}
<div class="percentage-gauge-container">
<div class="percentage-gauge" style="width:{{percent}}%;"></div>
<label class="poll-answer-label" for="answer-{{key}}-{{../block_id}}">{{{answer}}}</label>
</div>
<div class="poll-percent-container">
<span class="poll-percent-display{{#if leader}} poll-top-choice{{/if}}">{{percent}}%</span>
</div>
</li>
{{/each}}
</ul>
<input class="input-main" type="button" name="poll-submit" value="{{gettext "Submit"}}" disabled>
<div class="poll-footnote">
{{interpolate (ngettext "Results gathered from {total} respondent." "Results gathered from {total} respondents." total) total=total}}
</div>
{{#if feedback}}
<hr />
<h3 class="poll-header">{{gettext "Feedback" }}</h3>
<div class="poll-feedback">
{{{feedback}}}
</div>
{{/if}}
</div>
</script>
<div class="poll-block themed-xblock" data-private=""
data-can-vote="1">
<div class="poll-block-form-wrapper">
<h3 class="poll-header">Poll 9a</h3>
<form>
<fieldset class="poll-container">
<legend class="poll-question">
<p>First Decision - Choose between:</p>
</legend>
<div class="poll-answers">
<div class="poll-answer">
<div class="poll-input-container">
<input type="radio" name="choice" id="poll-232673af0e6441f797123934403a7551-answer-R" value="R"
/>
</div>
<label class="poll-answer-text" for="poll-232673af0e6441f797123934403a7551-answer-R"><p>A sure gain of $240</p></label>
</div>
<div class="poll-answer">
<div class="poll-input-container">
<input type="radio" name="choice" id="poll-232673af0e6441f797123934403a7551-answer-B" value="B"
/>
</div>
<label class="poll-answer-text" for="poll-232673af0e6441f797123934403a7551-answer-B"><p>25% chance to gain $1000, and 75% chance to get nothing</p></label>
</div>
</div>
</fieldset>
<input class="input-main" type="button" name="poll-submit" value="Submit" disabled/>
</form>
<div class="poll-voting-thanks
poll-hidden">
<span>Thank you.</span>
</div>
</div>
</div>
</div>
</div>
<div class="vert vert-11" data-id="block-v1:MITx+15.481x+1T2021+type@poll+block@c63a31d9faf74d6ca88b41c7399bf6c2">
<div class="xblock xblock-public_view xblock-public_view-poll" data-has-score="False" data-runtime-class="LmsRuntime" data-graded="False" data-request-token="6facd178ed2411efbea412d4917dea95" data-runtime-version="1" data-block-type="poll" data-course-id="course-v1:MITx+15.481x+1T2021" data-init="PollBlock" data-usage-id="block-v1:MITx+15.481x+1T2021+type@poll+block@c63a31d9faf74d6ca88b41c7399bf6c2">
<script class="poll-results-template" type="text/html">
<h3 class="poll-header">{{display_name}}</h3>
<div class="poll-question">{{{question}}}</div>
<div class="poll-results-wrapper" role="radiogroup" tabindex="0">
<h4 class="poll-header">{{gettext "Results" }}</h4>
<ul class="poll-answers-results poll-results {{~#if any_img}} has-images{{/if}}">
{{#each tally}}
<li class="poll-result">
<div class="poll-result-input-container">
<input id="answer-{{key}}-{{../block_id}}" type="radio" disabled {{#if choice}}checked{{/if}} />
</div>
{{~#if ../any_img~}}
<div class="poll-image result-image">
<label for="answer-{{key}}-{{../block_id}}" class="poll-image-label">
{{#if img}}
<img src="{{img}}" alt="{{img_alt}}"/>
{{/if}}
</label>
</div><div class="percentage-gauge-background"></div>
{{~/if~}}
<div class="percentage-gauge-container">
<div class="percentage-gauge" style="width:{{percent}}%;"></div>
<label class="poll-answer-label" for="answer-{{key}}-{{../block_id}}">{{{answer}}}</label>
</div>
<div class="poll-percent-container">
<span class="poll-percent-display{{#if leader}} poll-top-choice{{/if}}">{{percent}}%</span>
</div>
</li>
{{/each}}
</ul>
<input class="input-main" type="button" name="poll-submit" value="{{gettext "Submit"}}" disabled>
<div class="poll-footnote">
{{interpolate (ngettext "Results gathered from {total} respondent." "Results gathered from {total} respondents." total) total=total}}
</div>
{{#if feedback}}
<hr />
<h3 class="poll-header">{{gettext "Feedback" }}</h3>
<div class="poll-feedback">
{{{feedback}}}
</div>
{{/if}}
</div>
</script>
<div class="poll-block themed-xblock" data-private=""
data-can-vote="1">
<div class="poll-block-form-wrapper">
<h3 class="poll-header">Poll 9b</h3>
<form>
<fieldset class="poll-container">
<legend class="poll-question">
<p>Second Decision - Choose between:</p>
</legend>
<div class="poll-answers">
<div class="poll-answer">
<div class="poll-input-container">
<input type="radio" name="choice" id="poll-c63a31d9faf74d6ca88b41c7399bf6c2-answer-R" value="R"
/>
</div>
<label class="poll-answer-text" for="poll-c63a31d9faf74d6ca88b41c7399bf6c2-answer-R"><p>A sure loss of $750</p></label>
</div>
<div class="poll-answer">
<div class="poll-input-container">
<input type="radio" name="choice" id="poll-c63a31d9faf74d6ca88b41c7399bf6c2-answer-B" value="B"
/>
</div>
<label class="poll-answer-text" for="poll-c63a31d9faf74d6ca88b41c7399bf6c2-answer-B"><p>75% chance to lose $1000, and 25% chance to lose nothing</p></label>
</div>
</div>
</fieldset>
<input class="input-main" type="button" name="poll-submit" value="Submit" disabled/>
</form>
<div class="poll-voting-thanks
poll-hidden">
<span>Thank you.</span>
</div>
</div>
</div>
</div>
</div>
<div class="vert vert-12" data-id="block-v1:MITx+15.481x+1T2021+type@poll+block@97037bdcbe6d42edae9ca91b94f236c5">
<div class="xblock xblock-public_view xblock-public_view-poll" data-has-score="False" data-runtime-class="LmsRuntime" data-graded="False" data-request-token="6facd178ed2411efbea412d4917dea95" data-runtime-version="1" data-block-type="poll" data-course-id="course-v1:MITx+15.481x+1T2021" data-init="PollBlock" data-usage-id="block-v1:MITx+15.481x+1T2021+type@poll+block@97037bdcbe6d42edae9ca91b94f236c5">
<script class="poll-results-template" type="text/html">
<h3 class="poll-header">{{display_name}}</h3>
<div class="poll-question">{{{question}}}</div>
<div class="poll-results-wrapper" role="radiogroup" tabindex="0">
<h4 class="poll-header">{{gettext "Results" }}</h4>
<ul class="poll-answers-results poll-results {{~#if any_img}} has-images{{/if}}">
{{#each tally}}
<li class="poll-result">
<div class="poll-result-input-container">
<input id="answer-{{key}}-{{../block_id}}" type="radio" disabled {{#if choice}}checked{{/if}} />
</div>
{{~#if ../any_img~}}
<div class="poll-image result-image">
<label for="answer-{{key}}-{{../block_id}}" class="poll-image-label">
{{#if img}}
<img src="{{img}}" alt="{{img_alt}}"/>
{{/if}}
</label>
</div><div class="percentage-gauge-background"></div>
{{~/if~}}
<div class="percentage-gauge-container">
<div class="percentage-gauge" style="width:{{percent}}%;"></div>
<label class="poll-answer-label" for="answer-{{key}}-{{../block_id}}">{{{answer}}}</label>
</div>
<div class="poll-percent-container">
<span class="poll-percent-display{{#if leader}} poll-top-choice{{/if}}">{{percent}}%</span>
</div>
</li>
{{/each}}
</ul>
<input class="input-main" type="button" name="poll-submit" value="{{gettext "Submit"}}" disabled>
<div class="poll-footnote">
{{interpolate (ngettext "Results gathered from {total} respondent." "Results gathered from {total} respondents." total) total=total}}
</div>
{{#if feedback}}
<hr />
<h3 class="poll-header">{{gettext "Feedback" }}</h3>
<div class="poll-feedback">
{{{feedback}}}
</div>
{{/if}}
</div>
</script>
<div class="poll-block themed-xblock" data-private=""
data-can-vote="1">
<div class="poll-block-form-wrapper">
<h3 class="poll-header">Poll 10</h3>
<form>
<fieldset class="poll-container">
<legend class="poll-question">
<p>Imagine that the U.S. is preparing for the outbreak of a disease, which is expected to kill 600 people. Two alternative programs to combat the disease have been proposed. </p>
<p>Assume that the exact scientific estimate of the consequences of the programs are as follows:</p>
<ul>
<li>
<p>If Program A is adopted, 200 people will be saved. </p>
</li>
<li>
<p>If Program B is adopted, there is 1/3 probability that 600 people will be saved, and 2/3 probability that no people will be saved. </p>
</li>
</ul>
<p>Which of the two programs would you favor?</p>
</legend>
<div class="poll-answers">
<div class="poll-answer">
<div class="poll-input-container">
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<span>Thank you.</span>
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<h3 class="poll-header">Poll 11</h3>
<form>
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<legend class="poll-question">
<p>Imagine that you are about to purchase a jacket for $45, and a calculator for $375. The calculator salesman informs you that the calculator you wish to buy is on sale for $360 at the other branch of the store, located 20 minutes drive away. </p>
<p>Would you make the trip to the other store?</p>
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<div class="poll-voting-thanks
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<span>Thank you.</span>
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<h3 class="poll-header">Poll 12</h3>
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<p>Imagine that you have decided to see a play where admission is $30 per ticket. As you enter the theater you discover that you have lost a $20 bill and a $10 bill. </p>
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<div class="poll-voting-thanks
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<span>Thank you.</span>
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<h3 class="poll-header">Poll 13</h3>
<form>
<fieldset class="poll-container">
<legend class="poll-question">
<p>In addition to whatever you own, you have been given $1,000. You are now asked to choose one of these options:</p>
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<div class="poll-answer">
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<label class="poll-answer-text" for="poll-b06eeabebc5041239c124ce579474dee-answer-R"><p>50% chance to win $1,000</p></label>
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<div class="poll-voting-thanks
poll-hidden">
<span>Thank you.</span>
</div>
</div>
</div>
</div>
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<h3 class="poll-header">Poll 14</h3>
<form>
<fieldset class="poll-container">
<legend class="poll-question">
<p>Are your responses usually similar to the most common responses from the other 15.481x participants?</p>
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<div class="poll-voting-thanks
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<span>Thank you.</span>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
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<h2 class="hd hd-2 unit-title">Behavioral Critique of Efficient Markets</h2>
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<h3 class="hd hd-2">Behavioral Critique of Efficient Markets</h3>
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<h2 class="hd hd-2 unit-title">Perception and Cognitive Load</h2>
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<p><span style="text-decoration: underline;"><strong>Note:</strong></span> The video shown in this lecture can be accessed here: <a href="https://www.youtube.com/watch?v=vJG698U2Mvo" target="[object Object]">https://www.youtube.com/watch?v=vJG698U2Mvo</a></p>
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<h2 class="hd hd-2 unit-title">Wason Selection Task</h2>
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<h3 class="hd hd-2">Wason Selection Task</h3>
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<h2 class="hd hd-2 unit-title">Mental Accounting</h2>
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<h2 class="hd hd-2 unit-title">Probability Sense & Probability Matching</h2>
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<h2 class="hd hd-2 unit-title">Ellsberg Paradox</h2>
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<h2 class="hd hd-2 unit-title">Loss Aversion & Framing</h2>
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<h3 class="hd hd-2">Loss Aversion & Framing</h3>
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<h2 class="hd hd-2 unit-title">Interactive: Utility Function</h2>
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<p style="text-align: left;">The interactive graph below will estimate your utility function! To use it, answer the question "How much would you pay to play a game where you have a 50% chance of getting $50,000 but you also have a 50% chance of getting -$10,000?": to do so,</p>
<p style="text-align: left;">1) Enter your numerical answer in the text box (note that you are also allowed to choose a negative number), click on "Submit Number", and then click on "Next Question".</p>
<p style="text-align: left;">2) A new question will appear, which you can answer in a similar way. After submitting your answer to the second question, you can click on "Next Question" to view the final question.</p>
<p style="text-align: left;">3) After answering the final question, click on "Get Result" to view a plot your utility function! You can use the "Reset" button to restart the process at any time.</p>
<p style="text-align: left;">What does your utility function look like? Is it a concave function, as suggested by economists? Or do you notice some small "kinks"?</p>
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<h2 class="hd hd-2 unit-title">Modeling Risk Preferences</h2>
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<h3 class="hd hd-2">Modeling Risk Preferences</h3>
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