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Instructions

In this part of the experiment, you will receive 4 signals that give you insight into whether the first suitcase (purple) is more or less expensive than the second (black). After each signal, you will be asked to reassess the probability that the first suitcase (purple) is more expensive.

Imagine a box containing exactly 100 cards, with 50 of them labeled as "Informative" and 50 as "Noise."

For each signal, a card is randomly drawn from this box, and the type of signal you'll receive is based on the label of the drawn card. After delivering the signal to you, the card is returned to the box, ensuring that each draw is independent and the chances to receive each card remain constant throughout the experiment.

The labels on the cards have the following meanings:

Please note: Details about the prices of the suitcases (which is more expensive) and the accuracy level of the signals (informative or noise) you receive will not be disclosed at any stage of the experiment.

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