{{ block title }}
    INSTRUCTIONS PAGE 4/5
{{ endblock }}
{{ block content }}

    <div id="message" class="alert alert-danger" role="alert" style="display: none;">
        Time has run out. Please continue to the next page.
    </div>

    <p>
		<b><u>Your decision- </b></u> <br><br>
		In each period, you need to decide how many bonds you would like to buy at each price. You will see a table in the screen as the one below and you have to input a quantity for each price (you can also choose zero). <br><br>
		
		<img src="{{ static 's4.jpg' }}"/> <br><br>
		
		<u> Important: </u>  your decision for one period is independent from your decision at previous periods. In each period you can invest 1000EC (if the government has not defaulted). <br><br>
		If you can buy bonds at a low price, your return is high. For example, for any bond bought at 0.80 EC, since you receive 1 EC at the end of the period, you make a benefit of 0.20 EC. For any bond bought at 0.70 EC, you earn 0.30 EC. However, the government will sell bonds in priority to the investors who offer large prices. If you bid a too low price, you might not be able to buy any bond, and earn any interest. If other investors in your group bid higher prices than you, you might not be able to purchase all of the bonds you demanded at a certain price. <br><br>
		At the same time, if the government cannot raise enough funds to finance the debt, it will default. If you were an investor in the defaulting period, your available funds in the next period are reduced by 30%.. <br><br>
		At the end of each period, you will learn how many bonds you were successful in purchasing. <br><br>
    </p>

    {{ next_button }}
    
{{ endblock }}

{{ block styles }}
    <style>
        #message {
            top: 0;
            position: fixed;
            margin: auto;
            width: 50%;
        }
    </style>
{{ endblock }}

{{ block scripts }}
    <script>
        setTimeout(
            function () {
                $('#message').show();
            },
            {{ time_alert }}*1000 // 120 seconds
        );
    </script>
{{ endblock }}