The Book of Na'Lon

or rather, Inane Ramblings of an Expatriot

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Another Psyperiment
mesmall
na_lon
Hello readers,

My friend Berry is looking for another few participants, and writes:

"If you have 10-15 minutes to spare and would like to take part in a new questionnaire that we're developing we'd be very grateful. Do pass it on too to anyone you know who may help us out by doing it:

http://www.surveygizmo.com/s3/522661/Investment-Decision-Making

If you wouldn't mind sharing this link far and wide, too, that would surely be appreciated.
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There's an extra " at the end which is causing a page not found. Removing it and all is fine

Ooh, interesting! *goes to complete*

Just had a go myself. It was interesting for me to see what effects different kinds of scenario have on me, and how what I would like to think I'd do is likely not what I'd do...

Indeed. I know that I'm very bad when it comes to the whole sunk-cost fallacy idea and don't often make the most logical choices. Something to work on in the future, I suppose....

Done. Though, as ever, I found myself wanting a text box after each question so I could explain my seemingly-contradictory answers. :-)

Yeah, I had the same experience...

Me too. I thought it was interesting that for some questions they stressed the equal (or unequal) worth/excellence of the options, but on some, they didn't...

That may be to do with different conditions that they are testing. I shall ask.

Yes, and even for those they were often said to be equal in certain ways eg cost, but there was no info as to whether one was better quality than the other for instance.

I did it, but that was 20 minutes of my life I won't get back ;-)

Maybe you're just too diligent.

Done.

I was sort of expecting the last question to be something like:

"You're asked to fill out an economics / psychology questionnaire for a friend of a friend. You haven't actually told anyone you'd do it and nobody would probably think the less of you if you didn't do it. After 70% of the questions, you come to the conclusion that many of the questions are very similar, and that to finish the questionnaire will take another ten minutes or so of not much fun. Do you continue to the end?"

No kidding. I will forward that bit of feedback (anonymously, of course) to Berry - if you don't mind.

I had a very similar feeling - I felt the mere fact of completing the thing said at least as much about the relative values I place on friendship/duty etc versus time/effort etc as any of my answers in the survey...

Since I decided to take on trust that the research is of value, I completed it. The payback is that when it is done, I'd like to be told more about what it was intended to discover, and what results or conclusions result from it.

Additional feedback: In real life the decision would be based on more data than available in the question. For example, is there any reason to believe that shares in company A or B are more likely to increase or fall in value in the future?

Edited at 2011-05-13 11:45 am (UTC)

I will ask Berry about the research, and agree with you comment about lack of information about some of the scenarios...

Very much agree on your additional feedback. I left a rather incoherent note at the end about how for a lot of the questions I just wanted a lot more info before I could make a sensible choice. I more often than not had a strong response of 'well it all depends', which led me to put an answer close to the middle, where with more information I could have been more certain - in other words my degree of certainty was affected more by what seemed like problems in the presentation of the scenario than by the details of each scenario itself, if that makes sense. My brain is all woolly tonight so I don't feel I'm making much sense right now, but I'd be glad to discuss further with Na'Lon or Berry if that would be helpful.

Hello - it's Adrienne :) We met at Tolkien Weekend! Have added you.

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