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Summary: 1
Risk Aversion Game Script
August 7, 2004
A¡S påÉ¡-hm¡ HM¡-e ®Mm-a A¡p¡l SeÉ A¡fe¡-cl deÉh¡c S¡e¡¢QRz HC ®Mm¡u A¡fe¡-cl AwnNËqe
Ll¡V¡ A¡j¡-cl L-ml¡ J V¡Cg-u-Xl V£L¡l Efl ®k pj£r¡¢V Qm-R, a¡l SeÉ i£oe Sl¤¢lz L¡le HC
®Mm¡¢V ®b-L A¡jl¡ ®h¡T¡l ®Qø¡ Llh A¡fe¡l¡ ¢Li¡-h ®L¡e HL¢V ¢pÜ¡¿¹ ®ee Hhw A¡n¡ L¢l HC ®Mm¡¢V
®M-m A¡fe¡l¡ k-bø A¡e¾cJ f¡-hez
Welcome. I'd like to thank you very much for taking time to come here tonight. Your participation in this game is very
important to for our survey on cholera and typhoid vaccines because they will tell us something about how you make
decisions, but we also hope that you will have fun too.
A¡S A¡¢j A¡fe¡-cl ®k ®Mm¡¢V ®cM¡h¡ ®p¢V ¢h¢iæ OVe¡ OV¡l pñ¡he¡l Efl ¢i¢s Ll °al£ Ll¡z HL¢V
Ec¡qle ¢c-u n¤l¤ Ll¡ k¡Lz k¢c A¡f¢e HL¢V j¤â¡ ¢e-u Vp L-le, a¡q-m ®qX Hhw ®Vm fl¡l pñ¡he¡
pj¡ez AbÑ¡v 50% pñ¡he¡ l-u-R ®qX qh¡l, A¡h¡l 50% pñ¡he¡ l-u-R ®Vm qh¡lz Hh¡l A¡f¢e k¢c
j¤â¡¢V ¢e-u 100 h¡l Vp L-le, a¡q-m ®cM-he 100 h¡-ll j-dÉ pñha 50 h¡l ®qX q-h Hhw 50 h¡l ®Vm
q-hz
Tonight we will be talking about games of chance. To begin, let's start with a coin toss. As you know, if you flip a coin
there is an equal chance of the coin landing on heads or tails. There is a 50% chance that it will land on heads, and a 50%
chance it will land on tails. If you flipped the coin 100 times, the coin would probably land on heads 50 times and on tails
50 times.
A¡¢j A¡S-L ®k ®Mm¡N¤¢m ®cM¡-h¡, ®pN¤¢m-a A¡¢j HC lLj HL¢V Q¡L¡ hÉhq¡l Llh (50/50 Q¡L¡¢V
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