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CONSUMER FINANCIAL PROTECTION BUREAU

INFORMATION COLLECTION REQUEST – SUPPLEMENTARY DOCUMENT

Sample Question Bank for Evaluations of Financial Capability Programs for Economically 

Vulnerable Consumers: Two Randomized Control Trials 

(OMB CONTROL NUMBER: 3170-XXXX)

Income

What was your annual household income in previous year? Was it less than 10 thousand, 

10 to 20 thousand, 20 to 30 thousand, 30 to 40 thousand, 40 to 50 thousand, or more than 

50 thousand? 

a) Less than $10,000

b) $10 – 19,999

c) $20 – 29,999

d) $30 – 39,999

e) $40 – 49,999

f) $50,000 or more

Savings

In the past 12 months have you been [personally] saving money in any of the following 

ways, whether or not you still have the money? [request amount in each account]

a) Saving cash at home or in your wallet 

b) Building up a balance of money in your checking account 

c) Paying money into a savings account 

d) Giving money to family to save on your behalf 

e) Saving in <an informal savings club> 

f) Buying financial investment products, other than pension funds [give examples such as 

bonds, investment trusts, stocks and shares] 

g) Or in some other way (including remittances, buying livestock or property) 

h) Is not actively saving (including I don’t save/I have no money to save)

i) Don’t know

j) Refused 

If you lost your main source of income, how long could you continue to cover living 

expenses, without borrowing any money or <moving house>? 

a) Less than a week 

b) At least a week, but not one month 

c) At least one month, but not three months 

d) At least three months, but not six months 

e) More than six months. 

f) Don’t know 
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g) Refused 

Have you set aside emergency or rainy day funds that would cover your expenses for 3 

months, in case of sickness, job loss, economic downturn, or other emergencies? 

a) Yes 

b) No 

c) Don’t know 

d) Refused 

Do you currently earn interest on your savings? 

a) Yes 

b) No 

c) Other answer 

d) Don’t know 

e) Refused 

f) Not applicable (no savings of any kind) 

Do you know how much interest your savings are currently earning? 

a) Yes – you know exactly what the interest rate(s) is/are [request amount]

b) Yes, you know approximately what the interest rate(s) is/are 

c) No 

d) Other answer 

e) Don’ know

f) Refused 

What would you have do to make ends meet if something happened that meant you 

needed to find money equivalent to one month’s income?

a) Use my savings 

b) Sell my assets (e.g. car, business, household goods) 

c) Borrow money (including salary advance, pawning, cheque cashing) 

d) Depend on charity (e.g. from church, mosque, Red Cross) 

e) Ask family members to help 

f) There's nothing I could do 

g) Find a job/additional jobs/better paying job 

h) Other 

i) Don't know 

j) Refused 

How confident are you that you could come up with $2,000 if an unexpected need arose 

within the next month?

a) I am certain I could come up with the full $2,000 

b) I could probably come up with $2,000 

c) I could probably not come up with $2,000 

d) I am certain I could not come up with $2,000 

e) Don't know 

f) Refused
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Have you ever tried to open a checking or savings account but get denied?

a) Yes

b) No

c) Don’t Know

d) Refused

Was there any time in the past few years that you thought about applying for a checking 

or savings account but you decided not to because you thought you would be turned 

down?

a) Yes

b) No

c) Don’t Know

d) Refused

Credit

In the past 12 months, have you obtained a copy of your credit report? 

Note to interviewer: if respondent is confused or asks for clarification, state that this is 

not your credit score but your credit report/record. 

a) Yes 

b) No 

c) Don’t know 

d) Refused 

In the past 12 months, have you checked your credit score?

a) Yes 

b) No 

c) Don’t know 

d) Refused 

How many credit cards do you have? Please include store and gas station credit cards but 

NOT <debit cards>. 

Numerical response __ 

a) Don’t know

b) Refused 

In the last 12 months, which of the following statements describe your experience with 

your credit cards? 

a) You have not used a credit card at all in the last 12 months (IF YES DO NOT READ 

FOLLOWING OPTIONS) 

b) In some months, you used a credit card to withdraw cash from an ATM 

c) In some months, you used your credit card to get a cash advance 

d) In some months, you used a credit card check to pay bills or to purchase items 
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e) You always paid your credit card bills in full (IF YES DO NOT READ FOLLOWING 

OPTIONS) 

f) In some months, you carried over a balance and were charged interest (IF NO DO NOT 

READ FOLLOWING OPTIONS) 

g) In some months, you paid the minimum payment only 

h) In some months, you were charged a late fee for late payment 

i) In some months, you were charged an over the limit fee for exceeding your credit line 

Have you personally used credit for any of the following purposes in the past 12 months 

and were not able to pay off the full amount the next month (i.e. paid interest on the 

balance)? 

a) To pay regular bills 

b) To pay for food 

c) For everyday spending 

d) To make a donation to charity 

e) To help support family or friends outside your immediate household 

f) To buy something on impulse 

g) To buy a gift for someone

And in total, how often have you used credit for that purpose/those purposes in the last 12 

months? 

a) Just once 

b) More than once but less than 5 times 

c) More than 5 times 

d) Don’t know 

e) Refused 

Have you recently been turned down for credit or not received as much credit as you 

applied for? 

a) Yes

b) No

c) Don’t know

d) Refused

Was there any time in the past few years that you thought about applying for credit but 

you decided not to because you thought you would be turned down? 

a) Yes

b) No

c) Don’t Know

d) Refused

Debt
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Considering all outstanding debt you [(and your spouse/partner)] have, including 

balances on credit cards (including retail cards), auto loans, student loans as well as all 

other personal loans, which category represents your [(and your spouse's/partner's)] 

current total outstanding debt?

a) None

b) Less than $500 

c) $501 to $999

d) $1,000 to $1,999 

e) $2,000 to $4,999 

f) $5,000 to $9,999 

g) $10,000 to $19,999 

h) $20,000 to $29,999 

i) $30,000 to $49,999 

j) $50,000 to $99,999 

k) $100,000 or more

QC1_a) Please can 

you tell me whether 

you have heard of any 

of these types of 

financial products. 

QC1_b) and now can 

you tell me whether 

you currently hold 

any of these types of 

products (personally 

or jointly)? 

QC1_c) and In the 

last two years, which 

of the following 

types of financial 

products have you 

chosen (Personally or 

jointly) whether or 

not you still hold 

them...Please do not 

include products that 

were renewed 

automatically. 

a) A pension fund 

b) CD or investment account 

c) A mortgage 

d) A bank loan secured on property 

e) An unsecured bank loan 

f) A credit card 

g) A <current> account 

h) Online payday loan

i) Auto loan

j) Negative balance on your checking account (overdraft)

k) Rent-to-own

l) Pawn loan

m) Home mortgage

Don’t know response given to the question as a whole 

Refused to respond to the question as a whole 

Record if the respondent has (heard of /holds/ chose) none of the above 
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Taken out an auto title loan? Auto title loans are loans where a car title is used to 

borrow money for a short period of time. They are NOT loans used to purchase an 

automobile.

a) Never 

b) 1 time 

c) 2 times 

d) 3 times

e) 4 or more times 

f) Don't know 

g) Prefer not to say

Taken out a short term "payday" loan?

a) Never 

b) 1 time 

c) 2 times 

d) 3 times

e) 4 or more times 

f) Don't know 

g) Prefer not to say

Used a pawn shop?

a) Never 

b) 1 time 

c) 2 times 

d) 3 times

e) 4 or more times 

f) Don't know 

g) Prefer not to say

Used a rent-to-own store?

a) Never 

b) 1 time 

c) 2 times 

d) 3 times

e) 4 or more times 

f) Don't know 

g) Prefer not to say

Next consider all outstanding debt you [(and your spouse/partner)] have, including 

balances on credit cards (including retail cards), auto loans, student loans as well as all 

other personal loans but excluding all mortgage debt. During the past 12 months has the 

total outstanding balance (that is the total amount you owe) of these loans combined 

increased, decreased or stayed the same?

a) Increased 
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b) Decreased 

c) Stayed the same

By how much has the overall combined balance on these debts increased during the past 

12 months?

By how much has the overall combined balance on these debts decreased during the past 

12 months?

Do you currently have any of these types of mortgage on your main home, either in your 

own name or jointly with a partner? 

a) Repayment mortgage 

b) Endowment mortgage 

c) Interest-only mortgage with savings or investment which will repay capital 

d) Interest-only mortgage with no savings or investment in place to repay the capital 

e) Some other type of mortgage 

f) Don’t know

g) Refused 

Thinking about the mortgage on your main home, do any of the following statements 

apply? 

a) I could pay off the balance of my mortgage today from my savings 

b) I do not think I will be able to pay the balance of my mortgage at any point in my life 

c) I sometimes make additional mortgage payments so that the balance reduces more 

quickly 

d) I sometimes miss payments on my mortgage without prior arrangement 

e) I sometimes ask my mortgage lender if I can reduce or miss my monthly payment 

f) If I sold my house at market value today I could not repay my mortgage 

Last month did [you/you and your spouse/you and your partner] pay off all your credit 

card debt or was there an unpaid debt that you carried over to this month?

And do [you (or your spouse/partner)] have any debts that we haven't asked about, 

medical debts, life insurance policy loans, loans from relatives, and so forth? 

Altogether, what is the total amount of those other debts?

Payday loans are small, short-term loans that must be paid in full when the borrowers 

receive their next pay check or other regular deposit (such as a Social Security payment). 

These loans are often paid with a post-dated check. A deposit advance is a similar 

product with the borrower agreeing to let the bank take the loan repayment out of 

regularly scheduled direct deposits.

a) I have never considered getting a payday loan from a payday lender or a deposit 

advance from my bank 

b) I currently have a payday loan or a deposit advance 

c) I have had a payday loan or a deposit advance in the past 
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d) I currently have a payday loan or a deposit advance and I have had one or the other in 

the past 

e) I considered getting a payday loan or a deposit advance but was rejected 

f) I have considered getting a payday loan or a deposit advance but decided not to get it

Thinking back now to the last time you took out a payday loan or deposit advance, which 

of the following best describes what specifically you needed the money for?

a) Paying utility bills (phone, power, gas) 

b) Paying rent or mortgage 

c) Paying for an emergency expense, such as repairs to your home or car, or a medical 

bill 

d) Deposited into a bank account to avoid overdraft charge(s) 

e) Paying miscellaneous bills 

f) Buying food, groceries, or other living expenses 

g) Other (specify)

Some people pay back their payday loan by taking out a new loan or pay back their 

deposit advance and then immediately take out a new loan. Have you ever done this with 

a payday loan or a bank deposit advance?

For your most recent payday loan or deposit advance, how long did it take until you no 

longer owed any money?

Please list all of the reasons you decided not to get a payday loan or a deposit advance. 

[Check all of the reasons that apply.]

a) I had/have no need for payday loans 

b) The product was too expensive for me 

c) After learning more about it, I decided not to get the loan 

d) I don't understand the product well enough 

e) I was able to borrow from another source

Does your household currently have an auto loan? (This does not refer to an auto lease).

a) Yes 

b) No 

c) Don't know 

d) Prefer not to say

Do you currently have any unpaid bills from a health care or medical service provider 

(e.g., a hospital, a doctor)

a) Yes 

b) No 

c) Don't know

d) Prefer not to say

I have too much debt right now
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a) Strongly Disagree

b) 2

c) 3 

d) 4 Neither Agree or Disagree

e) 5

a) 6

b) 7 Strongly Agree

c) Don’t know

d) Prefer not to say

Financial Situation/Distress

How would you describe your overall financial situation? Would you say “excellent”, 

“very good”, “ok”, “not very good”, or “bad”?

a) Excellent 

b) Very Good

c) OK 

d) Not Very Good

e) Bad

During the last 12 months, have you or anyone in your household moved in with other 

people even for a little while because of financial circumstances?

a) Yes

b) No

c) Don’t know

d) Refused

During the last 12 months, was there a time when you and your family were not able to 

pay your rent, mortgage, or utilities bills?

a) Yes

b) No

c) Don’t know

d) Refused

In the last 12 months, did you or other adults in your family ever cut the size of your 

meals or skip meals because there wasn't enough money for food?

a) Yes

b) No

c) Don’t know

d) Refused

Please think for a second about how you typically use the money you have - how much 

you spend and how much you save or invest. Now choose the statement that best 

describes you: 

a) I wish I saved a lot less and spent a lot more
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b) I wish I saved somewhat less and spent somewhat more 

d) My saving and spending levels are about right

e) I wish I saved somewhat more and spent somewhat less

f) I wish I saved a lot more and spent a lot less

I am able to budget and manage my income and expenses on a day-to-day basis

a) Extremely confident

b) Very confident 

c) Somewhat confident 

d) Not very confident 

e) Not confident at all

I am able to plan and save for my future

a) Extremely confident 

b) Very confident 

c) Somewhat confident 

d) Not very confident 

e) Not confident at all

Which of these best describes how accurately you know how much money you have 

available to spend. I’m not interested in how much money you have, just how accurately 

you know how much money you have. 

a) I have no idea at all 

b) Approximately, but not within $500 

c) I know within $500 

d) I know within $100 

e) I know within $50 

f) I know within $10 

g) I know within a dollar or two 

h) Don’t know 

i) Refused 

Who is responsible for day-to-day decisions about money in your household? 

a) You 

b) You and your partner [do not read out if no partner at QD1] 

c) You and another family member (or family members) 

d) Your partner [do not read out if no partner at QD1] 

e) Another family member or (or family members) 

f) Someone else 

g) Nobody 

h) Don’t know 

i) Refused 

Does your household have a budget? 

a) Yes 

b) No 
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c) Don’t know 

d) Refused 

Sometimes people find that their income does not quite cover their living costs. In the last 

12 months, has this happened to you? 

a) Yes 

b) No 

c) Don’t know 

d) Not applicable (I don't have any personal income) 

e) Refused 

What did you do to make ends meet the last time this happened? 

1 Existing resources 

a) Draw money out of savings or transfer savings into current account 

b) Cut back on spending, spend less, do without 

c) Sell something that I own 

2 Creating resources 

d) Work overtime, earn extra money 

3 Access credit by using existing contacts or resources 

e) Borrow food or money from family or friends 

f) Borrow from employer/salary advance 

g) Pawn something that I own 

h) Take a loan from my savings and loans clubs 

i) Take money out of a flexible mortgage account 

j) Apply for loan/withdrawal on pension fund 

4 Borrow from existing credit line 

k) Use authorized, arranged overdraft or line of credit 

l) Use credit card for a cash advance or to pay bills/buy food 

5 Access new line of credit 

m) Take out a personal loan from a financial service provider (including bank, credit 

union or microfinance) 

n) Take out a payday loan 

o) Take out a loan from an informal provider/moneylender 

6 Fall behind/ go beyond arranged amount 

p) Use unauthorized overdraft 

q) Pay my bills late; miss payments 

7 Other responses 

r) Other 

s) Don’t know 

t) Refused 

Financial Attitude

I am going to read out some attitude and behavior statements. I would like to know how 

much you agree or disagree that each of the statements applies to you, personally. Please 
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use a scale of 1 to 5, where 1 tells me that you completely agree that the statement 

describes you and 5 shows that you completely disagree: 

1. Before I buy something I carefully consider whether I can afford it 

Completely agree, 2, 3, 4, completely disagree (Don’t know, not applicable, refused)

2. I tend to live for today and let tomorrow take care of itself 

Completely agree, 2, 3, 4, completely disagree (Don’t know, not applicable, refused)

3. I find it more satisfying to spend money than to save it for the long term 

Completely agree, 2, 3, 4, completely disagree (Don’t know, not applicable, refused)

4. I pay my bills on time 

Completely agree, 2, 3, 4, completely disagree (Don’t know, not applicable, refused)_

5. I am prepared to risk some of my own money when saving or making an investment 

Completely agree, 2, 3, 4, completely disagree (Don’t know, not applicable, refused)_

6. I keep a close personal watch on my financial affairs 

Completely agree, 2, 3, 4, completely disagree (Don’t know, not applicable, refused)

7. I set long term financial goals and strive to achieve them 

Completely agree, 2, 3, 4, completely disagree (Don’t know, not applicable, refused)

8. Money is there to be spent 

Completely agree, 2, 3, 4, completely disagree (Don’t know, not applicable, refused)

In the last 12 months, have you made a decision about any of the following that you later 

regretted? 

a) Saving and investment 

b) Taking out a mortgage 

c) Taking out a loan or credit agreement 

d) Borrowing from friends or family

e) Insurance of any type 

f) Taxes

g) Managing credit/debt 

h) Don’t know

i) Refused 

How would you rate your level of financial knowledge on a scale of 1 to 5 where 1 is not 

at all knowledgeable and 5 is very knowledgeable? 

a) 1 Not at all knowledgeable 

b) 2 

c) 3 

d) 4 

e) 5 Very knowledgeable 

f) Don’t know 

g) Refused 

How much do you agree or disagree with the following statement: “I forget to prepare for 

expenses that come up only once in a while, even though I know they are coming up.”

a) Strongly agree

b) Somewhat agree

c) Somewhat disagree
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d) Strongly disagree 

How much have you thought about what your financial situation will be like over the 

next year? Would you say “a lot”, “somewhat” or “hardly at all”?

a) A lot

b) Somewhat

c) Hardly at all

Have you set a financial goal in the past two years that you have reached? 

a) Yes (read below)

b) No (skip)

c) What was that goal? ________________________________ (Open response)

Please choose how much you agree or disagree with the following statement: “I often 

find that I regret spending money. I wish that when I had cash, I was better disciplined 

and saved my money rather than spent it.” Do you strongly agree, somewhat agree, 

somewhat disagree, or strongly disagree? 

a) Strongly Agree

b) Somewhat agree

c) Somewhat disagree

d) Strongly disagree 

e) Don’t know

f) Refused

When you feel like you are losing control of your finances, what if anything do you do?

a) Nothing

b) I try not to think about it

c) I try to spend less (save more) but can’t seem to do it

d) I try to spend more (save less) but can’t seem to do it

e) I try to spend less and end up spending too little 

f) I try to spend more but end up spending too much I learn and do better the next 

time

g) other (specify)

Thinking about the future, 6 months from now, how do you think the way you manage 

your money will be different from now? 

a) I will feel much less in control of how I manage my money

b) I will feel less in control of how I manage my money

c) I will feel about the same

d) I will feel more in control of how I manage my money

e) I will feel much more in control of how I manage my money

How do you think you will feel about how you are using your money a year from now? 

a) I will feel much more off-track

b) I will feel more off-track
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c) I will feel about the same

d) I will feel more on-track

e) I will feel much more on-track

Each respondent should randomly receive one of the following three questions (1/3rd a, 

1/3rd b and 1/3rd c):

a) No question

b) "Think about major expenses that come up in your household once in a while, but 

not every month. List as many of these as you can think of." Response options: 

i. Don't have any

ii. Can't think of any

iii. Any number of the following (DO NOT READ OPTIONS TO RESPONDENT)

- car repairs

- home repairs

- appliance repair or purchase

- school fees

- activity fees (e.g., kids' sports or extracurricular)

- health/medical expenses

- dental expenses

- car registration

- clothing

- gifts

- party/festival

-pet/vet care

- legal

- other _____________ (type in what “other” is)”

c) “Here is a list of major expenses that may come up once in a while, but not every 

month. Please check "yes" for any/all expenses that come up in your household: (READ 

ALL OPTIONS TO RESPONDENT)

- car repairs

- home repairs

- appliance repair or purchase

- school fees

- activity fees (e.g., kids' sports or extracurricular)

- health/medical expenses

- dental expenses

- car registration

- clothing

- gifts

- party/festival

- pet/vet care

- legal

- other _____________ (type in what “other” is)
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Now for a couple of quick questions on your eating habits. Many people have a snack 

sometime during the afternoon. What best describes your snacking?

a) I eat something healthy

b) I eat something not-so-healthy

c) I eat a mix of healthy and not-so-healthy foods

d) I don’t know whether my snacks are healthy or not

e) I rarely or never snack

Now please think for a second about what you’ll have for a snack one week from today. 

What will you choose? 

a) Something healthy

b) Something not-so-healthy

c) A mix of healthy and not-so-healthy

d) Hard to say

e) I won’t snack

Financial Capability

Imagine you are playing a lottery-type game and face the following decision: You can 

choose between a. winning $10 or b. a 50-50 chance of losing $30 and of winning $70. 

What would you choose? 

a) Option A

b) Option B

Imagine you are playing a new decision: You can choose between c. losing $40 or d. a 

50-50 chance of losing $90 and of winning $10.

What would you chose? 

a) Option C

b) Option D

RANDOMLY ASSIGN WHO GETS ASKED QA vs QB (so no one should get both):

QA: Suppose Bob takes a loan of $1000 to pay for college tuition at an interest rate of 7% 

per year. If Bob does not make any payment on this loan, then how much in total will he 

owe after ten years? Estimation is fine.

____________________

QB: Suppose Philadelphia only had a population of 1,000. Each year, the population 

grew 7%. After ten years, about what would the population of Philadelphia be? 

Estimation is fine. 

Suppose _______ (partner org) held a raffle and you won. You have a choice: you can 

collect $65 in cash today or $80 in cash one month from today. Which would you 

choose?

a) $65 today Read A
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b) $80 in one month Skip 

c) Don’t know

d) Refused 

A: How much would the cash prize have to be for you to choose to wait a month instead 

of collecting the $65 cash today?

a) $_____

b) Don’t Know 

c) Refused

B: Now let’s say the choice is between collecting a $65 cash prize 6 months from today 

or $80 in cash 7 months from today. Which would you choose?

a) $65 6 months from today Read C

b) $80 7 months from today Skip 

c) Don’t know

d) Refused

C: How much would the cash prize have to be seven months from today for you to 

choose to wait the extra month instead of collecting the $65 after six months? 

a) $ _______

b) Don’t know

c) Refused

Imagine that five <brothers> are given a gift of $1,000. If the <brothers> have to share 

the money equally how much does each one get? 

a) Don’t know 

b) Refused 

c) Irrelevant answer 

Now imagine that the <brothers> have to wait for one year to get their share of the 

$1,000 and inflation stays at X percent. In one year’s time will they be able to buy: 

a) More with their share of the money than they could today; 

b) The same amount; 

c) Or, less than they could buy today. 

d) It depends on the types of things that they want to buy 

e) Don’t know 

f) Refused 

g) Irrelevant answer 

You lend $25 to a friend one evening and he gives you $25 back the next day. How much 

interest has he paid on this loan? 

a) Don’t know 

b) Refused 

c) Irrelevant answer
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Suppose you put $100 into a <no fee> savings account with a guaranteed interest rate of 

2% per year. You don’t make any further payments into this account and you don’t 

withdraw any money. How much would be in the account at the end of the first year, 

once the interest payment is made? 

a) Don’t know 

b) Refused 

c) Irrelevant answer 

and how much would be in the account at the end of five years [add if necessary: 

remembering there are no fees]? Would it be: 

a) More than $110 

b) Exactly $110 

c) Less than $110 

d) Or is it impossible to tell from the information given 

e) Don’t know 

f) Refused 

g) Irrelevant answer 

I would like to know whether you think the following statements are true or false: 

a) An investment with a high return is likely to be high risk 

a_alt) If someone offers you the chance to make a lot of money there is also a chance that 

you will lose a lot of money. 

b) High inflation means that the cost of living is increasing rapidly 

c) It is usually possible to reduce the risk of investing in the stock market by buying a 

wide range of stocks and shares. 

C_alt) It is less likely that you will lose all of your money if you save it in more than one 

place. 

a) True 

b) False 

c) Don’t know 

d) Refused 

Which of these can affect the amount of interest that you would pay on a bank loan? 

a) Your credit rating 

b) How much money you have in savings 

c) How much you earn 

d) Your health 

e) Your age 

f) How much you borrow 

g) How long you take to repay the loan 

h) All of the above 

i) Don’ know 

j) Don’t understand the question 

k) Refused 

Please tell me whether each of the following statements is true or false. 
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a) If a person pays off the full amount on their credit card each month they get interestfree days on purchases 

b) If a person pays just the minimum payment on their credit card they will be charged 

interest on their credit card balance 

c) If a person withdraws money from a cashpoint with their credit card they get charged 

interest on that money 

Suppose you had $100 in a savings account and the interest rate was 2% per year. After 5 

years, how much do you think you would have in the account if you left the money to 

grow? 

a) More than $102 

b) Exactly $102 

c) Less than $102 

Imagine that the interest rate on your savings account was 1% per year and inflation was 

2% per year. After 1 year, how much would you be able to buy with the money in this 

account? 

a) More than today 

b) Exactly the same 

c) Less than today 

Suppose you win 10 certificates, each of which can be used ONCE to receive a 'dream 

restaurant night'. On each such night, you and a companion will get the best table and an 

unlimited budget for food and drink at a restaurant of your choosing. There will be no 

cost to you: all payments, including gratuities, come as part of the prize. The certificates 

are available for immediate use, starting tonight, and there is an absolute guarantee that 

they will be honored by any restaurant you select if they are used within a two-year 

window. If they are not used up within this two-year period, however, any that remain are 

valueless. From your current perspective, how many of the ten certificates would you 

ideally like to use in year 1 as opposed to year 2?

____________ (in year 1)

Some people might be tempted to depart from their ideal allocation in part A. Which of 

the following best describes you? Select only one:

a) I would be strongly/somewhat tempted to keep more certificates for use in the 

second year than would be ideal

b) I would have no temptation in either direction

c) I would be tempted to use more certificates in the first year than would be ideal

If you were to give in to your temptation, how many certificates do you think you would 

use in year 1 as opposed to year 2?

________ (in year 1)
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Based on your most accurate forecast of how you think you would actually behave, how 

many of the nights would you end up using in year 1 as opposed to year 2?

_______ (in year 1)