Dataset: choice1.csv Source: R. Thaler (1985). "Mental Accounting and Consumer Choice," Marketing Science, Vol. 4, #3, pp. 199-214. Description: Experimental Results of subjects' choices after reading the statements: Experiment 1: Mr. A was given tickets to lotteries involving the World Series. He won $50 in one lottery and $25 in the other Mr. B was give a ticket to a single, larger lottery. He won $75. Who was happier? Choice1=Mr. A, Choice2=Mr. B, Choice3=no difference Experiment 2: Mr. A received a letter from the IRS saying that he made a minor arithmetical mistake on his tax return and he owed $100. He received a similar letter from his state income tax authority saying he owed $50. There were no other repercussions from either mistake. Mr. B received a letter from the IRS saying that he made a minor arithmetical mistake on his tax return and he owed $150. There were no other repercussions from the mistake. Who was more upset? Choice1=Mr. A, Choice2=Mr. B, Choice3=no difference Experiment 3: Mr. A bought his first New York State lottery ticket and won $100. Also, in a freak accident, he damaged the rug in his apartment and had to pay the landlord $80. Mr. B bought his first New York State lottery ticket and won $20. Who was happier? Choice1=Mr. A, Choice2=Mr. B, Choice3=no difference Experiment 4: Mr. A's car was damaged in a parking lot. He had to pay $200 to repair the damage. The same day the car was damaged, he won $25 in the office football pool. Mr. B's car was damaged in a parking lot. He had to pay $175 to repair the damage. Who was more upset? Choice1=Mr. A, Choice2=Mr. B, Choice3=no difference Variable names: expt1 expt2 expt3 expt4