{"description":"<p>Each player decides how much of a risky activity to undertake. While each good outcome increases her payoff, she loses everything with one bad outcome.</p>\r\n<p>Key Learning Objectives:</p>\r\n<ul>\r\n<li>Risk Preference Heterogeneity: Individuals differ in their tolerance for risk. (There is no &ldquo;right&rdquo; answer.) Risk preferences displayed is this game might well predict behavior in other risky environments (e.g., a MobLab first-price auction).</li>\r\n<li>Classifying Risk Preferences: Expected payoff is maximized by opening 50 boxes. Opening fewer boxes is consistent with risk aversion, while opening more is consistent with risk seeking behavior.</li>\r\n<li>Main Courses: microeconomics; decision making; strategy</li>\r\n</ul>\r\n<br />Explore more MobLab games in our <a href=\"https://moblab.com/edu/games/catalog/all\">catalog</a> or <a href=\"https://moblab.com/products/classroom/demo\">schedule a demo</a> with a MobLab team member!","relatedGames":[{"slug":"monty-hall","name":"Monty Hall","screenshot":"/images/game-monty-hall.png","screenshotAlt":""},{"slug":"insurance-market","name":"Insurance Market","screenshot":"/images/game-insurance-market.png","screenshotAlt":""},{"slug":"consumer-choice-cobb-douglas","name":"Consumer Choice: Cobb Douglas","screenshot":"/images/game-consumer-choice-cobbdouglas.png","screenshotAlt":""}]}