# lexicon_en.py class Lexicon: instruction_title = "Instructions" instructions_part1 = """ Welcome! This experiment has three main parts, which we'll explain below.

Part 1: Lottery Question
First, you'll answer a question about how you want to allocate tokens between a safe option and a risky lottery. This helps us understand your willingness to take financial risks.

Important: Think carefully about your choice-it may affect your real payment at the end!
""" lottery_use_instructions = { 1: "", 2: "", 3: "", 4: "", 5: "", } instructions_part2 = """ Part 2: The Investment Game
This is the main part of the experiment. You'll make investment decisions across 20 independent rounds. Here's what happens in each round:

What you'll see:
What you'll do in each round:
Tokens you don't invest stay in a secure account, which pays no interest. Tokens you do invest will earn whatever return the risky asset generates-which could be positive or negative.

For example, if you invest 60 in the risky asset and 40 in the safe account and the returns of the risky asset turned out to be 5%, your final payoff would be
40 + 60(1 + 5%) = 103
While if the returns of the risky asset turned out to be -5%, your final payoff would be
40 + 60(1 - 5%) = 97

After each round, you'll see: Remember: Each round is independent. In each round, you will invest 100 tokens, and returns in one round do not affect the returns in the next rounds.

Important Note About Decision Support:
In some rounds, you may receive automated financial advice to assist in your decision-making. This advice may include forecasts of future returns, using the Predictive Signal, and/or investment strategy recommendations based on your self-disclosed willingness to take risks from the lottery question in Part 1. When advice is provided, you are always free to follow or ignore it-you make the final decision.

In other rounds, an automated investment tool will make the investment decision for you. In these rounds, the tool will automatically choose how much to invest based on its forecast of future returns, using the Predictive Signal, and on your risk preference from the lottery question. """ instructions_by_treatment = { 1: "", 2: "", 3: "", 4: "", 5: "", } instructions_part3 = """ Part 3: Questionnaire
At the end of the investment game, you'll complete a short survey so we can learn more about you. All your information is completely anonymous and will never be linked to your name.

How You'll Get Paid
Your final payment has four parts:

1. Show-up Payment: $10
You'll receive this payment simply by participating and completing the experiment, including the final survey—regardless of your choices.

2. Lottery Payment
With 1 in 20 chance, you will receive an extra payment based on your lottery choice from Part 1. If you're selected, your payoff depends on how many tokens you invested in the risky lottery and on the realization of the lottery.

3. Forecast Payment
We'll randomly select one round from the 20 investment rounds. If your forecast was between -1% and +1% of the actual return, you'll earn 50 bonus tokens!

4. Investment Payment
We'll randomly select one round from the 20 investment rounds and pay you the corresponding investment payoff, which depends on how many tokens you have invested in the risky assets and on the realized returns in that round (as described above).

Final Payment Calculation:
Your total payment in Canadian dollars = $10 show-up fee + (total tokens / 10)
Important: Since any of your decisions might determine your payment, it's in your best interest to think carefully and choose what you think is best for you!

If you have any question, feel free to ask!
""" instructions_example = """ Let's Practice First!
Before the real experiment begins, you'll see practice examples of both the lottery and the investment decision. This will help you get comfortable with how everything works-with no consequences for your payment.
"""