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2010, 2011a, b ) that we use for illustration throughout the paper. Table 1 First 25 out of 800 pairwise choices of DM1. An entry of 1 under Observed Choice means that the respondent chose Gamble 1, whereas 0 means that he chose Gamble 0.
The 200 choices for each stimulus set consisted of 20 repetitions of every pair of gambles among five gambles in that stimulus set, as was the case in the original study by Tversky (1969).