Table 2.

Gambles with varying outcomes and probabilities

Gamble index i
Variable12345678910
x 12001200600120060010001200120012001200
p 1/62/62/62/62/62/62/63/64/65/6
y 000600300400900000
  • x is the larger amount of money in the gamble that could be won or lost with probability p; y is the smaller amount of money in the gamble that could be won or lost with probability 1 − p. x and y are in €. For losses, the amounts of money were the same but negative.