[I would like to respectfully request your participation in a study in partial fulfillment of my master degree requirements. The questionnaire will take approximately 20 minutes. There is no right or wrong 代写留学生作业answer. You should give a response that most accurately captures what you think is most accurate response from you. Your responses will be kept confidential. None of your identifying information will be tied to your response].
This is a Two- Step task. You need to follow the instruction to finish this task. The outcomes of your decision do not only depend on your choice, but also be determined by your counterpart’s choice.
Instructions:
◆You will be randomly paired with another person. His/her identity is not revealed to you. The actions taken by you and your counterpart are not announced to each other.
◆Suppose your house and your counterpart’s house are close to each other. Once there is a fire in any of the two houses, the other one will be burnt down too. However, there is uncertainty for your loss.
◆Now you and your counterpart need to make decisions about whether or not to invest in installing a fire alarm for avoiding a loss from a fire.
(Please do not look over the second step until you finish the first step)
●Condition: When the probability of loss is: 20 out of 100 chances
STEP 1
1. If both of you choose to INVEST then neither of you will loss, but installing the fire alarm will cost each of you 1850￡.
2. If only you INVEST and your counterpart does NOT INVEST, your counterpart has 20 out of 100 chances to loss 10000 pounds from the fire. Meanwhile, although you spend 1850￡ on installing the alarm, you have 20 out of 100 chances to have an additional loss 5000￡ from the fire due to contagion.
There are 80 out 100 chances for your counterpart loss 0￡ from the fire and 80 out 100 chances for you loss 0￡. Meanwhile, you certainly cost 1850￡.
3. If you do NOT INVEST and your counterpart INVESTS, you have 20 out of 100 chances to loss 10000￡ from the fire. Meanwhile, although your counterpart certainly spends 1850￡ on installing the alarm, your counterpart has 20 out of 100 chances to loss additional 5000￡ from the fire due to contagion.
There are 80 out 100 chances for your counterpart loss 0￡ from the fire and 80 out 100 chances for you loss 0￡ from the fire. Meanwhile, your counterpart certainly costs 1850￡.
4. If Both of you Do Not INVEST, then each of you has 20 out of 100 chances of losing 10000￡ and 16 out of 100 chances of losing additional 5000￡due to contagion.
（NOTE：The outcomes of your decision do not only depend on your choice, but also be determined by your counterpart’s choice）.
The summary of possible outcomes is stated in the table:
Counterpart
Invest Not Invest
You
Invest
●You cost 1850￡
●Your counterpart cost 1850￡ ●You cost 1850￡, and have 20% chance of losing an additional 5000￡
●Your counterpart has 20% chance of losing 10000￡ and 80% chance of losing 0 ￡
Not Invest ●You have a 20% chance of losing 10000￡ and an 80% chance of losing 0￡
●Your counterpart costs 1850￡and has a 20% chance of losing 5000￡ ●You have a 20% chance of losing 10000￡and a 16% chance of losing additional 5000￡
●Your counterpart has a 20% chance of losing 10000￡and a 16% chance of losing additional 5000￡
Please make decision whether or not to invest:
(When you finish, please move to the next step)
STEP 2
Now you are announced that the fire did happen and losses exist if at least on of you two does not invest.
代写留学生作业（NOTE：The outcomes of your decision do not only depend on your choice, but also be determined by your counterpart’s choice）
The summary of possible outcomes is stated in the table：
Counterpart
Invest Not InvestYouInvest
●You cost 1850￡
●Your counterpart cost
1850￡ ●You loss 2850￡(you cost 1850￡, and have 20% chance of losing an additional 5000￡)
●Your counterpart losses
2000￡
(has 20% chance of losing 10000￡ and 80% chance of losing 0 ￡)
Not Invest ●You loss 2000￡
(have a 20% chance of losing 10000 ￡and an 80% chance of losing 0￡)
●Your counterpart losses 2850￡
(costs 1850￡and has a 20% chance of losing 10000￡) ●You losses 2800￡
(20% chance of losing 10000￡and a 16% chance of losing additional 5000￡)
●Your counterpart losses
2800￡
(20% chance of losing 10000￡and a 16% chance of losing additional 5000￡ )
Please make the decision that whether or not you will invest:
Please finish several simple questions below:
1. Your nationality _______________
a. British b. European c. Chinese d. others
2. Are you a ___
a. Female b. male
3. Your age____
a. Under 18 b. 18-25 c. above 25
4.代写留学生作业 Your education background __________
a. High School b. undergraduate c. postgraduate d. Phd or MBA
5. Your income ___
a. less than 1000 b. between 1000 and 2000 c. above 2000