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Survey Variant, Additional Rho Instructions
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(<em>must total $1,000)<\/em><\/p>\n\n<p>&nbsp;<\/p>","DataExportTag":"mu8-sigma15-rho45_wo","QuestionID":"QID91"}},{"SurveyID":"SV_1yNnnqb5noE3Qih","Element":"SQ","PrimaryAttribute":"QID92","SecondaryAttribute":"Given the information presented above, how would you allocate your $1,000 in savings between a mu...","TertiaryAttribute":null,"Payload":{"QuestionText":"<p><img src=\"https:\/\/chicagobooth.az1.qualtrics.com\/CP\/Graphic.php?IM=IM_5puhkp8KMkkQ8Hr\" style=\"width: 1912px; height: 1145px;\" \/>Given the information presented above, how would you allocate your $1,000 in savings between a mutual fund that invests in a broad blue-chip stock market index and a bond earning 2%? 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The blue line is the same in the two figures. The green line will be different across the two figures. The green lines will have different average growth rates, uncertainty and correlations with the blue line. For each comparison we will ask you whether the green line on the top or the bottom has the higher, lower or same growth rate, uncertainty and correlation with the blue line.","DefaultChoices":false,"DataExportTag":"Q109","QuestionType":"DB","Selector":"TB","Configuration":{"QuestionDescriptionOption":"UseText"},"QuestionDescription":"In the next section, you will be presented with pairs of figures with information similar to what...","ChoiceOrder":[],"Validation":{"Settings":{"Type":"None"}},"GradingData":[],"Language":[],"NextChoiceId":4,"NextAnswerId":1,"QuestionID":"QID109","DataVisibility":{"Private":false,"Hidden":false}}},{"SurveyID":"SV_1yNnnqb5noE3Qih","Element":"SQ","PrimaryAttribute":"QID110","SecondaryAttribute":"In the next section, you will be presented with pairs of figures with information similar to what...","TertiaryAttribute":null,"Payload":{"QuestionText":"<div>\n<div><span style=\"color: rgb(149, 165, 166);\">In the next section, you will be presented with pairs of figures with information similar to what you viewed on prior screens.&nbsp;<\/span><span style=\"color: rgb(149, 165, 166);\">You will also have an opportunity to win a bonus.<\/span><\/div>\n\n<div>&nbsp;<\/div>\n<span style=\"color:#999999;\">Each figure has a blue and a green line. The blue line is the same in the two figures. The green line will be different across the two figures. The green lines will have different average growth rates, uncertainty and correlations with the blue line. For each comparison we will ask you whether the green line on the top or the bottom has the higher, lower or same growth rate, uncertainty and correlation with the blue line. <\/span><\/div>\n\n<div>&nbsp;<\/div>\nRemember: When the average is higher you should expect greater increases in value, corresponding to steeper increases in the line displayed. When uncertainty is higher, you should expect greater swings, for example higher highs and lower lows are more likely than if uncertainty is low. 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The blue line is the same in the two figures. The green line will be different across the two figures. The green lines will have different average growth rates, uncertainty and correlations with the blue line. For each comparison we will ask you whether the green line on the top or the bottom has the higher, lower or same growth rate, uncertainty and correlation with the blue line. <\/span><\/div>\n\n<div>&nbsp;<\/div>\n<span style=\"color:#95a5a6;\">Remember: When the average is higher you should expect greater increases in value, corresponding to steeper increases in the line displayed. When uncertainty is higher, you should expect greater swings, for example higher highs and lower lows are more likely than if uncertainty is low. 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Economic growth refers to how well the economy as a whole is doing. It is commonly reported as Gross Domestic Product (GDP) which is a measure of the goods and services produced in the US economy. The information about the stock market is for a mutual fund that passively invests in a broad blue-chip stock market index, such as the S&amp;P 500 or the Dow Jones Index. The value of the mutual fund reflects the value of its investments, so when the stocks it invests in have a higher price, the value of the mutual fund will be higher.<\/span>\n<div>&nbsp;<\/div>\n\n<div><span style=\"color: rgb(149, 165, 166);\">You will see 10 rounds of questions. &nbsp;Each round you will see information about prior economic growth and prior stock market performance. The information on overall stock market conditions is not real, and it will vary from round to round. Please treat each round as though it is independent. 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This form will give you some information about the study. Please read the form carefully and feel free to ask any questions that you may have before signing it.<o:p><\/o:p><\/p>\n\n<p>&nbsp;<\/p>\n\n<p>A.&nbsp; Project Description<o:p><\/o:p><\/p>\n\n<p>1.&nbsp; In this study, participants will be asked to participate in decision making tasks and answer questions related to the task. You will also be asked to complete a few questionnaires about yourself.<o:p><\/o:p><\/p>\n\n<p>2.&nbsp; The estimated time to complete this study is approximately 2 minutes for the first part and 6 minutes for the second part.<o:p><\/o:p><\/p>\n\n<p>3.&nbsp; The research is being conducted with the goal of publication in academic journals and presentation at academic conferences.<o:p><\/o:p><\/p>\n\n<p>&nbsp;<\/p>\n\n<p>B. Risks and Benefits<o:p><\/o:p><\/p>\n\n<p>1. Your participation in this study does not involve any physical risk or emotional risk to you beyond the risks of daily life.&nbsp; <o:p><\/o:p><\/p>\n\n<p>2. You have the right to withdraw your consent or discontinue participation at any time for any reason.&nbsp; Your decision to withdraw will not involve any penalty or loss of benefits to which you are entitled.&nbsp; <o:p><\/o:p><\/p>\n\n<p>3. The potential benefit of the study is a better scientific understanding of the psychological underpinnings that govern understanding of decision making.<o:p><\/o:p><\/p>\n\n<p>&nbsp;<\/p>\n\n<p>C. Compensation<o:p><\/o:p><\/p>\n\n<p>Upon completion of the study, you will receive compensation in the amount you have agreed to with the platform through which you entered this survey. Your participation is purely voluntary. <o:p><\/o:p><\/p>\n\n<p>&nbsp;<\/p>\n\n<p>D. 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Please continue to the next section.","DisplayLogic":{"0":{"0":{"LogicType":"Question","QuestionID":"QID165","QuestionIsInLoop":"no","ChoiceLocator":"q:\/\/QID165\/SelectableChoice\/2","Operator":"Selected","QuestionIDFromLocator":"QID165","LeftOperand":"q:\/\/QID165\/SelectableChoice\/2","Type":"Expression","Description":"<span class=\"ConjDesc\">If<\/span> <span class=\"QuestionDesc\">Which of the following describes economic growth?<\/span> <span class=\"LeftOpDesc\">A measure of how well the economy as a whole is doing<\/span> <span class=\"OpDesc\">Is Selected<\/span> "},"1":{"LogicType":"Question","QuestionID":"QID166","QuestionIsInLoop":"no","ChoiceLocator":"q:\/\/QID166\/SelectableChoice\/1","Operator":"Selected","QuestionIDFromLocator":"QID166","LeftOperand":"q:\/\/QID166\/SelectableChoice\/1","Type":"Expression","Description":"<span class=\"ConjDesc\">And<\/span> <span class=\"QuestionDesc\">When average growth is higher, which of the following should you expect?<\/span> <span class=\"LeftOpDesc\">Greater increases in value<\/span> <span class=\"OpDesc\">Is Selected<\/span> ","Conjuction":"And"},"2":{"LogicType":"Question","QuestionID":"QID167","QuestionIsInLoop":"no","ChoiceLocator":"q:\/\/QID167\/SelectableChoice\/2","Operator":"Selected","QuestionIDFromLocator":"QID167","LeftOperand":"q:\/\/QID167\/SelectableChoice\/2","Type":"Expression","Description":"<span class=\"ConjDesc\">And<\/span> <span class=\"QuestionDesc\">When&nbsp;uncertainty&nbsp;is higher, which of the following should you expect?<\/span> <span class=\"LeftOpDesc\">Higher swings in value<\/span> <span class=\"OpDesc\">Is Selected<\/span> ","Conjuction":"And"},"3":{"LogicType":"Question","QuestionID":"QID168","QuestionIsInLoop":"no","ChoiceLocator":"q:\/\/QID168\/SelectableChoice\/3","Operator":"Selected","QuestionIDFromLocator":"QID168","LeftOperand":"q:\/\/QID168\/SelectableChoice\/3","Type":"Expression","Description":"<span class=\"ConjDesc\">And<\/span> <span class=\"QuestionDesc\">When a correlation is higher, which of the following should you expect?<\/span> <span class=\"LeftOpDesc\">More similar movements across two series<\/span> <span class=\"OpDesc\">Is Selected<\/span> ","Conjuction":"And"},"Type":"If"},"Type":"BooleanExpression","inPage":false},"ChoiceOrder":[],"Validation":{"Settings":{"Type":"None"}},"GradingData":[],"Language":[],"NextChoiceId":4,"NextAnswerId":1,"QuestionID":"QID181"}},{"SurveyID":"SV_1yNnnqb5noE3Qih","Element":"SQ","PrimaryAttribute":"QID172","SecondaryAttribute":"You're almost done! Before you go, please let us know if you have any comments about the study. W...","TertiaryAttribute":null,"Payload":{"QuestionText":"You're almost done! Before you go, please let us know if you have any comments about the study.&nbsp; Was there anything you found particularly confusing?","DefaultChoices":false,"DataExportTag":"Q172","QuestionType":"TE","Selector":"ML","Configuration":{"QuestionDescriptionOption":"UseText","InputWidth":629,"InputHeight":81,"AllowFreeResponse":"false"},"QuestionDescription":"You're almost done! Before you go, please let us know if you have any comments about the study. W...","Validation":{"Settings":{"ForceResponse":"OFF","ForceResponseType":"ON","Type":"None"}},"GradingData":[],"Language":[],"NextChoiceId":4,"NextAnswerId":1,"QuestionID":"QID172","DataVisibility":{"Private":false,"Hidden":false}}}]}
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