Certainty Equivalent ProcedureFREE for use with an Inquisit Lab or Inquisit Web license.
Available Test Forms
Certainty Equivalent Procedure
The Certainty Equivalent Procedure suggest by Tversky and Kahneman (1992)
Tversky, A., & Kahneman, D. (October 01, 1992). Advances in prospect theory: Cumulative representation of uncertainty. Journal of Risk and Uncertainty, 5, 4, 297-323.
Cho, Y., & Luce, R. D. (January 01, 1995). Tests of Hypotheses about Certainty Equivalents and Joint Receipt of Gambles. Organizational Behavior and Human Decision Processes, 64, 3, 229-248.
Budescu, D. V., Kuhn, K. M., Kramer, K. M., & Johnson, T. R. (January 01, 2002). Modeling certainty equivalents for imprecise gambles. Organizational Behavior and Human Decision Processes, 88, 2, 748-768.
Paulus, M. P., & Frank, L. R. (April 01, 2006). Anterior cingulate activity modulates nonlinear decision weight function of uncertain prospects. Neuroimage, 30, 2, 668-677.