Instructions

{{ if player.has_item == 0 }}

In this market the objects being traded are tokens. You are a Buyer, so you have an opportunity to buy a token which has a value to you of {{ player.coin_value }}€. It has this value to you because the experimenter will give you this much money for it. The value of the token is different for different individuals. A price for the tokens will be determined later.

Your payoff is calculated as follows: The token value (in your case {{ player.coin_value }}€) is subtracted from the market price, which will be chosen randomly at a later time, should you decide to buy the token. This way, the purchase price and the token value are directly offset against each other.

For each of the prices listed below, please indicate whether you prefer to:
(1) Buy a token at this price and cash it in for the sum of money indicated above.
(2) Not buy a token at this price.

For each price indicate your decision by marking your preference.

{{ endif }} {{ if player.has_item == 1 }}

In this market the objects being traded are tokens. You are a Seller, so you now own a token which has a value to you of {{ player.coin_value }}€. It has this value to you because the experimenter will give you this much money for it. The value of the token is different for different individuals. A price for the tokens will be determined later.

For each of the prices listed below, please indicate whether you prefer to:
(1) Sell your token at this price and receive the market price.
(2) Keep your token and cash it in for the sum of money indicated above.

For each price indicate your decision by marking your preference.

{{ endif }}