{{ block title }} {{ if player.pagenumber != 99 }} Instructions: Phase 2 {{ else }} {{ endif }} {{ endblock }} {{ block content }} {{ if player.pagenumber != 99 }}
What should I do?
The bargaining rules for phase 2 are identical to those for phase 1, with the only exception that you do not know the value of the public good for your match.
In each round, your task is to decide how much you’re willing to contribute to a public good.
The value of this public good to you could be either {{ Constants.pg_valueL }} token or {{ Constants.pg_valueH }} tokens, each with 50% probability. The same holds for your match. Thus, there are 4 possible situations, as is illustrated in the table below.
Situation | Your Value | Your Match's Value |
A | V1={{ Constants.pg_valueL }} | V2={{ Constants.pg_valueL }} |
B | V1={{ Constants.pg_valueH }} | V2={{ Constants.pg_valueL }} |
C | V1={{ Constants.pg_valueL }} | V2={{ Constants.pg_valueH }} |
D | V1={{ Constants.pg_valueH }} | V2={{ Constants.pg_valueH }} |
What should I do?
The production of this public good costs 2, which must be covered by your contribution (x), and the contribution of your match (y).
If you and your match reach an agreement on how to share the production cost of the public good, then the public good is produced, and your payoff in the round is equal to:
V1 (value of the public good for you) - x (your contribution)
Your match’s payoff in the round is equal to:
V2 (value of the public good for your match) - y (your match’s contribution)
If instead you and your match fail to reach an agreement on how to share the production cost of the public good, the public good will not be produced, and both of you will lose 1 token .
{{ endif }} {{ if player.pagenumber == 3 }}What should I do? - The Game Structure of A Round in Phase 2
How do you bargain with your match?
How do you bargain with your match?
4. From the 2nd stage of the bargaining process, you have {{ Constants.time_bargainafter }} seconds to choose to either keep the same proposal (+0) or increase your poposed contribution (+1, +2). Your proposed contribution can’t exceed 2.
5. The outcome of each bargaining stage is
determined as in step 3. If the sum of your match’s and your proposed contribution is <2 and both
you and your match choose to repeat the previous proposal (+0) in a bargaining stage, then
bargaining fails, the round is over, and your payoff and your match’s payoff in this round are both equal to
{{ Constants.conflict }}.
Earnings
At the end of each round, you can check the outcome and make a guess on your match’s value (V2) in this round.
You’ll play
{{ Constants.num_rounds_phase1 }} rounds of this game, and at the end of this study,
{{ Constants.num_rounds_choseneachphase }} rounds will be randomly chosen to determine your final
earnings, according to the following exchange rate {{ Constants.transfer_rate }} tokens = 1 euro.
A third round different from the previous two will also be randomly chosen, and you will get 1 extra euro if your guess on your match’s value is correct.
Page Number: {{ player.pagenumber }}
{{ endif }} {{ if player.pagenumber == 99 }} {{ if player.quizpagenumber == 1}} {{ include Constants.Quiz2_Page1_TF }} {{ endif }} {{ if player.quizpagenumber == 2 }} {{ include Constants.Quiz2_Page2_TF }} {{ endif }} {{ if player.quizpagenumber == 3}} {{ include Constants.Quiz_endpage }} {{ endif }} {{ endif }} {{ formfields }} {{ endblock }}