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

1. How many forecasters are there in the experimental economy you are participating in? (including yourself)

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

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

{% if Tr_rev == 1 %}

4. Suppose you are entering period 54. The bottom graph indicates that government expenditures in period 57 will be 0 % and in period 58 will be 10 %. Which one of the following applies?
It is certain that government expenditures will be 0 % in period 57 and 10 % in period 58.
Government expenditures in period 57 and in period 58 may deviate from, respectively, 0 % and 10 % if new announcements occur.
It is certain that government expenditures in period 57 will be 0 %, but government expenditures in period 58 may deviate from 10% if a new announcement occurs.
It is certain that government expenditures in period 58 will be 10 %, but government expenditures in period 57 may deviate from 0% if a new announcement occurs.

{% else %}

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

{% endif %} {% if Tr_cons == 1 %}

5. If you are in period 6, you have information about the consensus output forecasts until period ...

{% endif %}

{% if Tr_cons == 1 %}6.{% else %}5.{% endif %} 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.

{% if Tr_cons == 1 %}7.{% else %}6.{% endif %} {% if subsession.horizon == 2 %} Suppose that you are in period 7 and you forecast output for period 8.
Your payment for period 8 will definitively depend on this forecast.
Your payment for period 8 will definitively not depend on this forecast.
Your payment for period 8 will depend on this forecast if this forecast is the one that is randomly selected for reward in period 9.
Your payment for 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 for period 10.
Your payment for period 10 will definitively depend on this forecast.
Your payment for period 10 will definitively not depend on this forecast.
Your payment for period 10 will depend on this forecast if this forecast is the one that is randomly selected for reward in period 11.
Your payment for period 10 will depend on this forecast if this forecast is the one that is randomly selected for reward in period 10.

{% endif %}

{% if Tr_cons == 1 %}8.{% else %}7.{% endif %} {% if subsession.horizon == 2 %} Suppose that you are entering period 34. Your forecast for period 33 made in period 32 has been randomly selected for reward. Suppose that 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?

{% next_button %} {% endblock %} {% block scripts %} {% if Tr_cons == 1 %} {% else %} {% if Tr_rev == 1 %} {% else %} {% endif %} {% endif %} {% endblock %}