{% extends "global/Base.html" %} {% load staticfiles otree_tags %} {% block title %} Understanding Questions {% endblock %} {% block content %}

1. How many forecasters are you in the experimental economy you are participating in?

2. Suppose you are entering period 22. For which periods to you have to forecast output?
(please enter the numbers of the periods only, separated with commas and without space)

3. If you are in period 6, you have information about output until period ...

4. If you are in period 6, you have information about government expenditures, taxes and government debt until period ...

5. Suppose that the government decreases its expenditures. Which ones of the following apply?
Output will increase for sure.
Output will decrease for sure.
The effect on output will depend on the effect on the mean output forecasts.
Output is likely to decrease.

6. {% if horizon == 2 %} Suppose that you are in period 7 and you forecast output in period 8.
Your payment in period 8 will definitively depend on this forecast.
Your payment in period 8 will definitively not depend on this forecast.
Your payment in period 8 will depend on this forecast if this forecast is the one that is randomly selected for reward in period 9.
Your payment in period 8 will depend on this forecast if this forecast is the one that is randomly selected for reward in period 8.

{% else %} Suppose that you are in period 7 and you forecast output in period 8.
Your payment in period 8 will definitively depend on this forecast.
Your payment in period 8 will definitively not depend on this forecast.
Your payment in period 8 will depend on this forecast if this forecast is the one that is randomly selected for reward in period 9.
Your payment in period 8 will depend on this forecast if this forecast is the one that is randomly selected for reward in period 8.

{% endif %}

7. {% if horizon == 2 %} Suppose you are in period 34. Your forecast for period 33 made in period 32 has been randomly selected for reward. Suppose output in period 33 turned out to be -0.5%, and your forecast in period 32 was 0.5%. {% else %} Suppose you are in period 34. Your forecast for period 33 made in period 30 has been randomly selected for reward. Suppose output in period 33 turned out to be -0.5%, and your forecast in period 30 was 0.5%. {% endif %}
What is your absolute forecast error?

How many points do you earn in period 33?

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