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Now enter the third part of the experiment. From now on, buyers and sellers are in a market where the quality and value of goods should be positively correlated.
For example, when a buyer guesses that the quality of an item with an initial price of $100 is 0.6 and sends a counter-offer of $50 but is rejected by the seller, it may be because the quality of the item is higher than 0.6.
The formula for calculating the earnings earned by buyers and sellers in the experiment is the same as the first two parts of the previous experiment.
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