{% extends "global/Page.html" %}

{% block title %}Task Instructions{% endblock %}
{% block content %}

    <p>
        Assume you have just taken a managerial position for a company that hired you based on your understanding of
        the company’s industry and basic operations. Among your primary responsibilities for the company
        will be to prepare budget reports for the company.
    <br><br>

       <b>At the start of each round, you will learn the actual project cost for that round.
        The actual cost of the project each round is selected from the set of possible costs (0,1, 2, …, 200) in Lira.
        Each feasible cost is <em>equally likely to be drawn</em>, and it is possible for a cost to be drawn more
        than once over the 12 rounds. <br><br></b>

        <hr>
        As a manager, each round you will receive a fixed salary of 100 Lira.
        After observing the actual cost at the beginning of each round, you need to make a Budget Report.
        <b>The reported cost in the Budget Report can range from the actual cost (i.e., the selected cost for the round)
            to the highest possible cost of 200 Lira. </b><br><br>

        The company <b>NEVER</b> learns the actual cost for each round.
        The company only knows that the cost is within the <u>range</u> of 0-200 Lira.
        You will get to <u>keep</u> any difference between your <u>reported cost</u> and the <u>actual cost.</u>
        <br><br>
        <hr>
        <b><u>Note that only one round will be selected, at random,
            by the computer for payment at the end of the session. You should treat each round as
            if it will be the one determining your payment.</u></b>  Recall that your payment for any round depends
            directly on your budget report decision and the fixed salary amount for the chosen round.
        <br><br>



    </p>

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