working example of dynamic placeholder using Javascript and Jquery http://jsfiddle.net/ogk2L14n/1/
<input type="text" id="textbox">
<select id="selection" onchange="changeplh()">
<option>one</option>
<option>two</option>
<option>three</option>
</select>
function changeplh(){
debugger;
var sel = document.getElementById("selection");
var textbx = document.getElementById("textbox");
var indexe = sel.selectedIndex;
if(indexe == 0) {
$("#textbox").attr("placeholder", "age");
}
if(indexe == 1) {
$("#textbox").attr("placeholder", "name");
}
}