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<p>
    Welcome to this experiment and thank you for participating in the experiment. Please do not talk to the other participants during the experiment.
</p>
<p>
    You will be participating in two sub-experiments, Experiment I and Experiment II. Each sub-experiment consists of two parts: Part A and Part B for Experiment I,
    and Part C and Part D for Experiment II. Only one of these four parts will determine your payoff. <strong>One experimental currency point is exchanged with 0.5 €.</strong>
    Firstly, the computer randomly selects one of four parts, and secondly, one of your choices is randomly selected from the selected part plus <strong>a show-up fee (3.0 €)</strong> as your final payment.
    After completing both Experiment I and Experiment II, we will ask you to complete a short questionnaire.
</p>
<p>
    The purpose of the experiment is to study decision making. You have the opportunity to earn money by participating. Please follow these instructions carefully:
</p>
<p>
     <div align="left" style="text-indent:2em">  1. Turn off your mobile phone. </br></div>
    <div align="left" style="text-indent:2em">  2.	Do not engage in any activities not related to the experiment, such as surfing the Internet,
    playing computer games, or reading literature, or you will be excluded from the experiment and will not receive any payoff.</br></div>
    <div align="left" style="text-indent:2em"> 3. If you have any questions, raise your hand and I will answer them privately. Do not ask questions in public.</br></div>
    <div align="left" style="text-indent:2em"> 4. Your data and decisions will be treated anonymously and will not reveal your identity.</br></div>
</p>
<p>
    If you agree to participate, please click next.</br>
    On the next page, the instructions for Part A of experiment I follow and you can make your decision.
</p>


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