Row

Column A

Column B

Front-end Delay

Discount Rate Interval if Subject Switches

Mid-point

Months

(t)

Prize

(M; 000’)

Months

(t)

Prize

(M; 000’)

1-1

0

6000

4

7000

No

0 < r ≤ 0.0393

0.0197

1-2

0

6000

4

8000

No

0.0393 < r ≤ 0.0746

0.0569

1-3

0

6000

4

9000

No

0.0746 < r ≤ 0.1067

0.0907

1-4

0

6000

4

10,000

No

0.1067 < r ≤ 0.1362

0.1215

1-5

0

5000

4

10,000

No

0.1362 < r ≤ 0.1892

0.1627

1-6

0

4000

4

10,000

No

0.1892 < r ≤ 0.2574

0.2233

1-7

0

3000

4

10,000

No

0.2574 < r ≤ 0.3512

0.3043

1-8

0

2000

4

10,000

No

0.3512 < r ≤ 0.4953

0.4233