Take part in Elke Weber's experiment (for money!)

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This is a revision of a previous posting (which has been deleted). The experiment has been updated and moved to a new URL. More information is supplied below including a message from Elke.

To run the experiment, click here.

To run the experiment, you must be using Internet Explorer, version 5 or later, or Netscape, version 6 or later. You must have cookies enabled.

I was a subject in the experiment myself and it took me 45 minutes. I won the minimum guaranteed amount, $8.00 (U.S.). You can win more! I think you will enjoy doing the experiment.

What follows is a letter Elke wrote:

Paul


Dear Paul Herzberg/Keller-plan TAs and other readers of this website:

As many of you know, I was one of the early TAs in Paul's immensely successful Keller-plan statistics course at York University deep in the last millenium (student in 1977/78, and TA in 1978/79), and then spent the following summer writing the study guide that accompanies Paul's text.

For the last four years, I have been a professor in the psychology department at Columbia University. I also founded and co-direct the Center for the Decision Sciences here. It is a wonderful coincidence that Columbia was the home of Fred Keller for 26 years and that he started his first Keller-plan course here in 1947.

My research is in the area of judgment and decision making, and I am in particular interested in decisions under risk and uncertainty. The study for which I am asking you for your participation is joint research with a former student of mine, Ann-Renee Blais, who now works for Defense Canada in Toronto. We are interested in validating a scale on risk taking on a sample of Canadian respondents. In particular, we are interested in a broader range of age groups than found in typical university samples of undergraduate research assistants.

Participation in the study which should take between 30 and 45 minutes to complete guarantees you $8 in US funds and you may make up to US $23. At the end of the study, we will also email you your personalized risk taking profile in different content domains and tell you how you compare to other people of your approximate age group and gender. More information about the study is found at the experimental website here.

Please feel free to tell friends and family members about this study. We are counting on "word of mouth" or "word of mouse" to get a large sample of Canadian respondents from a range of backgrounds and age groups!

Thanks for reading this and I hope that you will consider participating!

Best,
Elke Weber

Elke U. Weber
Professor of Management and Psychology
Graduate School of Business
Columbia University

-- Anonymous, June 05, 2003


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