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Second optimal stopping experiment with Baumann et al.

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Optimal Stopping Task Experiment

When given a series of airplane tickets, which may be seen in order, how will people choose which ticket to buy if once you have gone past one ticket you cannot go back and choose it?

A study, conducted using this website, attempted to answer that question.

The results were published in the follow paper: Explaining Human Decision Making in Optimal Stopping Tasks PDF link

Page examples

Training phase

Here, participants are exposed to the ticket price distribution

Training phase

Bar graph phase

Participants then demonstrate what they think the distribution looks like using an interactive bar graph

Bar graph phase

Further pages test their ability to choose the best ticket while clicking through a list.

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Second optimal stopping experiment with Baumann et al.

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