{{ block title }}Experimental session on economic decision-making{{ endblock }}
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<b>The instructions will now be read by the experimenter. Please read along.</b>
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Thank you for participating in this experimental session on economic decision-making.
In this experiment, <b>some of you will have the chance to win a prize</b>. Whether you receive the prize or not depends partly
on your actions and partly on the actions of other participants.
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There will be a number of pauses for you to ask questions. During such a pause, please raise your hand if you want to ask a question.
Apart from asking questions in this way, you must not communicate with anybody in this room.
It is essential that you do not communicate with the other participants in any way.
<b>Please also refrain from looking into the screen of the other participants!</b>
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<b>In this experiment, we will simulate two different markets. For that, this session today consists of 6 rounds in total:</b>
<li>In rounds 1-3, the simulation of <b>Market 1</b> takes place.</li>
<li>In rounds 4-6, the simulation of <b>Market 2</b> takes place.</li>
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One round consists of two parts:
<li>In <b>Part 1</b>, there will be the market simulation. </li>
<li>In <b>Part 2</b>, there will be a game which decides who will have the chance to win the prize
    of the <b>market simulation.</b></li>
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<b>After each round, there will be some winners.</b>
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<b>However, per market</b> (Market 1 and Market 2), <b>ONE</b> round will be <b>randomly</b> selected and <b>ONLY</b> the winners of the randomly chosen
round will receive the payoff at completion of Market 1 and Market 2, respectively. The "losers" will NOT have the possibility to get anything.
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There will be instructions on each page. Read them carefully! This experiment is set up in a way that you will NOT lose any money. But if you are not careful, it can be that you will lose money today. So read your instructions really carefully and check your entries, the program does not allow you to go back to the previous page. What you inserted before you click on Next, this will be your entry! If you have any questions, please raise your hand now.
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