{{ block title }}PART 2: Decision-making game{{ endblock }}
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You will be asked to play 12 decision-making games, giving you the opportunity to learn and possibly change your decision strategy.
As the owner of the firm, you are responsible for deciding whether to continue or terminate the venture. So far, you have spent 9 million dollars and 32 months to create and run your business.
The primary goal of your company is to maximize the total cumulative value that is the sum of your incomes from all rounds you play.
For example, let's assume you start with an initial income of $50. Each round, your income would increase by $15 or decrease by $10.
Here's the breakdown of how your income changes:
- If you experience a $10 decrease in Round 1, your income for this round will be $40 ($50 - $10).
- If you experience a $15 increase in Round 1, your income for this round will be $65 ($50 + $15).
This pattern continues for subsequent rounds, with each income change being applied to the income from the previous round.
Now, let's say your income in Round 1 is $65, and you decide to exit in Round 2. If the exit cost is $10, then your total cumulative value is $65-$10 = $55. If your income in any round falls below -$50, your venture is unable to continue operating and that game terminates.
IMPORTANT: In this decision-making game, the values of $1 represent one thousand dollars.
You can proceed to the next screen after 60 seconds.