This app was developed for the SLU Kenya Program for students to measure how their risk tolerance changes as they experience high-altitude symptoms while climbing Mt. Kenya.
In this application, risk tolerance is measured as follows:
30 balloons are initialized with different hidden variables representing how much the balloons can be pumped with air before popping. For each balloon, there are two actions that can be taken. Pump the balloon with more air, or cash out. If cash out is selected, the total pumps to the balloon are added to your total cash and the next balloon will be displayed. If the balloon pops, however, no points will be added to the total cash and the next balloon will be displayed.
In this application, risk tolerance is measured as follows:
30 balloons are initialized with different hidden variables representing how much the balloons can be pumped with air before popping. For each balloon, there are two actions that can be taken. Pump the balloon with more air, or cash out. If cash out is selected, the total pumps to the balloon are added to your total cash and the next balloon will be displayed. If the balloon pops, however, no points will be added to the total cash and the next balloon will be displayed.
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