Andover Economics Society · Decision Lab

Decision
Lab.

Four short experiments. Each one reveals something different about how you actually make decisions, even if you've studied economics.

~4 minutes

Task 01 / 04

Who is Alex?

Read the profile below, then answer the question.

Age 26
Education Philosophy, B.A. with honors (senior thesis on wage inequality)
Known for Outspoken, volunteered at a legal aid clinic, reputation for arguing ethics at dinner
Location New York City, post-graduation

Which of the following is more likely?

Please select one of the options above.
Task 02 / 04

Two choices.

Answer each independently. Don't look for a pattern.

Choice A

Would you rather receive…

Choice B

Would you rather receive…

Please answer both choices before continuing.
Task 03 / 04

A conservation decision.

Take a moment before you answer.

…
migratory birds per year

What's the most you'd personally contribute?

$
Please enter an amount ($0 is a valid answer).
Task 04 / 04

A giving decision.

Imagine you've just been handed $10, yours to keep or donate.

Your donation $5.00
Keep it all ($0) Give it all ($10)
Mapping your decision landscape…
Checking for conjunction fallacies…
Measuring temporal consistency…
Building your bias profile…
Your experiment breakdown
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