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1. You will play the game for 10 rounds. In each round you are randomly paired with 4 other people in this room.
2. A round lasts 60 seconds.
3. During each round you or your group members may invest in the group account. If no one invests you and the two other group members each earn $10 for the round. If one person invests then that person earns a reward between $9 to $20 and the other group members each earn $20.
4. The round ends once someone invests or when the 60 seconds are up.
5. We will randomly draw 3 decision rounds to be realised for your payment at the end of the experiment.
Now we are going to play 2 practice rounds. Please raise your hand if you have any questions before we begin.