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Please read the following consent form carefully.
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    Who is conducting the study, why you have been asked to participate, how you were selected, and what is the approximate number of participants in the study?</b>
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Adrian Wolanski and Evgenii Baranov are conducting a research study to find out more about collective intertemporal choice. You have been asked to participate in this study because you are a UCSD student in the Economics Laboratory subject pool. There will be approximately 20 participants in this session.
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Why is this study being done?</b>
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    The purpose of this study is to understand how individuals make decisions about income received by other people over time.
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What will happen to you in this study and which procedures are standard of care and which are experimental? </b>
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If you agree to participate in this study, you will be randomly matched with two other participants in the room. You will then choose between pairs of payment schedules for those two participants to be paid. One of your choices will be randomly selected to become the decision-that-counts and paid to those participants. Each participant in the study will be choosing payment schedules for others, as well as be paid a payment schedule chosen this way. Finally, you will choose between a series of payment schedules for yourself. One of these choices will be randomly selected to become the decision-that-counts for yourself and paid accordingly. Overall, your payments will depend on random selection, the choices of others, and your own choices.
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How much time will each study procedure take, what is your total time commitment, and how long will the study last? </b>
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The study will take approximately 1 hour.
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    What risks are associated with this study? </b>
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Participation in this study may involve some added risks or discomforts. These include the following:
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Potential loss of confidentiality. Your choices will never be linked to your name. Each one of you has been given a participant number. This participant number will be used to register your choices and provide your payment. However, there does exist a record of your participation today. Research records will be kept confidential to the extent allowed by law. Research records may be reviewed by the UCSD Institutional Review Board.  
Because this is a research study, there may also be some unknown risks that are currently unforeseeable. You will be informed of any significant new findings. 
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What are the alternatives to participating in this study?</b>
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The alternative to participation in this study is to exit the study.  
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What benefits can be reasonably expected?</b>
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There may or may not be any direct benefit to you from participating in this study. Direct benefits will be monetary and will depend on your choices and choices of others. Payments will typically range from $25 to $45. The investigators may learn more about collective dynamic choice, and society may benefit from this research and knowledge.
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Can you choose to not participate or withdraw from the study without penalty or loss of benefits? </b>
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Participation in this study is entirely voluntary. You may refuse to participate or withdraw or refuse to answer specific questions in an interview or on a questionnaire at any time without penalty or loss of benefits to which you are entitled. If you decide that you no longer wish to continue in this study, you will be required to contact the research staff immediately to request to leave the study. You will be told if any important new information is found during this study that may affect your desire to continue. 
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Can you be withdrawn from the study without your consent? </b>
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The PI may remove you from the study without your consent if the PI feels that to do so is in your best interest or the best interest of the study. You may also be withdrawn from the study if you do not follow the instructions given to you by the study personnel. 
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Will you be compensated for participating in this study?</b>
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In compensation for your time, you will be paid based on the decisions in the decision-that-counts from others as well as your decisions in the decision-that-counts for yourself, as well as a show-up fee.
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Are there any costs associated with participating in this study?</b>
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There will be no cost to you for participating in this study. 
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Who can you call if you have questions? </b>
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Adrian Wolanski and Evgenii Baranov have explained this study and answered possible questions. If you have other questions or research-related issues, you may reach Mr. Wolanski at 317-670-3278, or by email at awolansk@ucsd.edu. You may call the Human Research Protections Program Office at (858) 657-5100 to inquire about your rights as a research subject or to report research-related issues.<br>
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<b> Your consent and acknowledgement of consent</b>
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By clicking next, you acknowledge that you have read the consent form and agree to participate.

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