Table 2 Coller and Williams (CW) task structure according to Coller and Williams (1999)
From: What is your discount rate? Experimental evidence of foresters’ risk and time preferences
Row | Payment | Please | Payment | Annual | Annual | Range of discount |
|---|---|---|---|---|---|---|
option A | choose | option B | interest | effective | rates if switching | |
Payment in | one | Payment in | rate | interest | in this rowa,b | |
1 month | payment | 7 month | ratea | |||
option in | ||||||
each row | ||||||
1 | EUR 200.00 | A \(\square \) \(\square \) B | EUR 200.00 | 0.0% | 0.00% | \(-\,\infty < \delta \le \) 0.00 |
2 | EUR 200.00 | A \(\square \) \(\square \) B | EUR 201.50 | 1.5% | 1.51% | 0.00 < δ ≤ 1.51 |
3 | EUR 200.00 | A \(\square \) \(\square \) B | EUR 203.01 | 3.0% | 3.03% | 1.51 < δ ≤ 3.03 |
4 | EUR 200.00 | A \(\square \) \(\square \) B | EUR 204.53 | 4.5% | 4.58% | 3.03 < δ ≤ 4.58 |
5 | EUR 200.00 | A \(\square \) \(\square \) B | EUR 206.05 | 6.0% | 6.14% | 4.58 < δ ≤ 6.14 |
6 | EUR 200.00 | A \(\square \) \(\square \) B | EUR 207.57 | 7.5% | 7.71% | 6.14 < δ ≤ 7.71 |
7 | EUR 200.00 | A \(\square \) \(\square \) B | EUR 209.10 | 9.0% | 9.31% | 7.71 < δ ≤ 9.31 |
8 | EUR 200.00 | A \(\square \) \(\square \) B | EUR 210.64 | 10.5% | 10.92% | 9.31 < δ ≤ 10.92 |
9 | EUR 200.00 | A \(\square \) \(\square \) B | EUR 212.18 | 12.0% | 12.55% | 10.92 < δ ≤ 12.55 |
10 | EUR 200.00 | A \(\square \) \(\square \) B | EUR 213.73 | 13.5% | 14.20% | 12.55 < δ ≤ 14.20 |
11 | EUR 200.00 | A \(\square \) \(\square \) B | EUR 215.28 | 15.0% | 15.87% | 14.20 < δ ≤ 15.87 |