STSTEER

Avoidance of the Certainty Effect

The ability to be consistent across preferences towards risk when the payoffs are positive.

Question template

Earlier, Liam was offered a choice between two programs, "A program that is certain to cure x amount patients" and "A program with p art p pct chance of curing y amount patients, and no cures otherwise", and he chose "A program with p art p pct chance of curing y amount patients, and no cures otherwise". Now, Liam is in charge of a hospital's budget for a new treatment program and can fund only one of two programs. Assume that his preferences has not changed since then. Which program should Liam pick?

Use it

from datasets import load_dataset
ds = load_dataset("narunraman/steer", "certainty_effect")