{% extends "global/Page.html" %} {% load otree %} {% block title %} Example-Task Three {% endblock %} {% block content %}
Now, we will provide some examples to make sure that it is clear to everyone how payoffs are determined.
Some examples of sent amounts, returns, and payoffs are illustrated in the table below. The first column lists various amounts of sends; the second column lists various amounts of returns from the leader; the third and fourth columns contain the corresponding personal earnings for employee and leader:
The amount sent by each of the group members will be informed to the leader. Given the received amount, the leader will choose how many EC to send back to each of the group members. The leader(she/he) can choose to send any number of EC that is included between 0 and 3 times the amount initially sent by each of the group members.
The amount sent back to each of the three members by the leader will be revealed to the member at the end of the experiment.
The sent amount of each employee(to the leader) | Return to each employee(from the leader) | Payoff of each of employee | Payoff of leader |
---|---|---|---|
Example 1 | |||
0 ECs | 0 ECs | 10-0+0= 10ECs | 10+3*(0+3+3)-(0+5+2)=21ECs |
3 ECs | 5 ECs | 10-3+5= 12ECs | |
3 ECs | 2 ECs | 10-3+2= 9ECs | |
Example 2 | |||
6 ECs | 10 ECs | 10-6+10= 14ECs | 10+3*(6+6+10)-(10+4+15)=47 ECs |
6 ECs | 4 ECs | 10-6+4= 8ECs | |
10 ECs | 15 ECs | 10-10+15=15ECs |
Quiz
Before we begin with this stage, we will first ask you to answer a quiz about payoffs. This is done to make sure that everybody understands how payoffs are calculated.
If you have questions or are confused, please raise your hand and wait for the experimenter to help you. As soon as everyone has answered the quiz correctly, this stage will start.
Now, please answer some practice questions according to the given conditions of the following table.
The sent amount of each employee(to the leader) | Return to each employee(from the leader) | Payoff of each of employee | Payoff of leader |
---|---|---|---|
5 ECs | 8 ECs | ||
3 ECs | 5 ECs | ||
6 ECs | 9 ECs |
1. Suppose that you are in the role of an employee, you have an endowment of 10 ECs at the beginning of this stage. You have chosen to send 5ECs to the leader. Hence, the leader could send back between 0 and 15ECs (= 3 × 5 ECs) to you. And, the leader has chosen to send back 8ECs to you:
{% formfield player.practice_question3 label="How much would you earn in this condition (please enter a number,such as 10)" %}
2. Suppose that you are in the role of a leader, you have an endowment of 10 ECs at the beginning of this stage. Each of the non-leader members have chosen to send 5ECs, 3ECs and 6 ECs respectively to you, hence you could receive 42ECs=3× (5+3+6) ECs. You have chosen to send back 8 ECs, 5ECs, and 9ECs to them respectively:
{% formfield player.practice_question4 label="How much would you earn in this condition (please enter a number,such as 10)" %}
{% next_button %} {% endblock %}