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    Instruction Page 1
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The study will have 2 main parts in total
<ul>
    <li>In Part 1, you will have to decide wage to hire a worker / workers</li>
    <li>In Part 2, you will choose your preferred gamble between two or four gambles</li>
    <li>Before you start Part 1, you will have three examples and three comprehension check problems</li>
</ul>
Part 1 consists of 27 rounds. <br>
Part 2 consists of 27 rounds. <br>
Your payoff is determined by one randomly selected round from Part 1 and Part 2 plus the participation fee. <br>
If you earn negative amount in the chosen round, it will be converted 0 automatically. <br>
You will receive the participation fee of $6 <br>
One point in the experiment will be converted to $0.3

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