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Category: Project

Description: This project involve an experiment consisting of a series of decisions made within a certain period. At the beginning of a period, participants were equipped with a budget of points. For each decision a certain amount of points was taken from the budget. Participants then chose between a risky gamble, i.~e., lose the whole amount or nothing with a certain probability, and a gain/loss framed sure option, i.~e., ``keep''/``lose only'' a portion of the amount. Three levels of need were applied, with need defined as a minimum number of points that must remain in the budget at the end of a period. Furthermore, the amounts initially taken from the budget for each decision and the probabilities to win the gamble were varied and we included two temporal response limits.