Description
Return baseline-cost-adjusted sure equivalent as a budget share.
Behavioral-economics tasks compare supplied payoffs, reference points, budgets and observed choices. A gap, dominance flag or response fraction illustrates a declared convention without identifying a psychological bias, predicting real choices or selecting a suitable financial action.
Return baseline-cost-adjusted sure equivalent as a budget share.
When to use this tool
Use Sure Equivalent Budget Share when checking the stated experimental payoff, budget, reference or choice convention.
How to use the tool and how it works
- Enter sureEquivalent, budget, baselineCost. Use the units and conventions below.
- Run the tool. Correct any format, range, or cross-field input error before interpreting the output.
- Read netEquivalent, share. Use the output convention below.
Return baseline-cost-adjusted sure equivalent as a budget share. Require budget > 0; netEquivalent = sureEquivalent-baselineCost, share = net/budget.1
| Input field | Meaning and units | Accepted input |
|---|---|---|
| sureEquivalent | Sure Equivalent | Required. Finite number. |
| budget | Budget | Required. Finite number; strictly above 0. |
| baselineCost | Baseline Cost | Required. Finite number. |
| Output field | Interpretation | Returned shape |
|---|---|---|
| netEquivalent | Net Equivalent | Required. Finite number. |
| share | Dimensionless numerator/denominator ratio under the explicit basis above. | Required. Finite number. |
{
"input": {
"sureEquivalent": 30,
"budget": 100,
"baselineCost": 10
},
"output": {
"netEquivalent": 20,
"share": 0.2
}
}Limitations and assumptions
- Signed and above-one shares are allowed; no preference elicitation, affordability judgment or recommended financial action is provided.
- Inputs must satisfy both the field types and the cross-field conditions above. Invalid input causes an error; a successful false flag or documented placeholder is a different result.
- Numeric calculations use binary floating point unless exact decimal-integer arithmetic is explicitly stated. No hidden measurement tolerance or decimal rounding is added; nonfinite or out-of-contract results are rejected. Numeric signed-zero results are exported as zero.
Alternative or Complementary methods
Use a well-defined study design and complete data to estimate behavior; assess real financial rights, consequences and uncertainty independently.
References
Similar or alternative tools
- Mental Account Budget Transfer Residual
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- Mental Account Transfer Fee Term
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