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Roby: Before we begin the experiment, please answer the following questions. We will go through the answers to a sample problem first, and then you will finish the quiz on your own. Each question deals with calculating your payoff in a single round. Sample Question: Suppose you choose the action 3. The other members of your group choose 2, 5, and 7 respectively. What is the minimum action chosen by your group? (2) What is your payoff? (0.55) 1. Suppose you choose the action 7. The other members of your group choose 4, 5, and 6. What is the minimum action chosen by your group? (4) What is your payoff? (0.55) 2. Suppose you choose the action 1. The other members of your group choose 7, 6, and 2. What is the minimum action chosen by your group? (1) What is your payoff? (0.55) Remember that you are grouped with the same individuals throughout the 20 Rounds of this experiment. All actions and payoffs are confidential.


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