Suppose you show up for a paid experiment and receive $10. The researcher says you can double your earnings if the outcome of a coin toss is a head, or lose your earnings if the outcome of a coin toss is a tail. What does research show that most people would do?
- a. They would flip the coin and try to get $20.
- b. They would not flip the coin and keep their $10.
- c. There is a 50/50 chance that people will flip the coin because the potential gain equals the potential loss.
- d. The research evidence is mixed.