{{ block title }} Instructions {{ endblock }} {{ block content }}
Welcome to this economics experiment. The experiment will last around one hour. Please turn off your cell phones for the duration of the experiment. You can earn money from this experiment depending on your decisions and the decisions of others in your group. Your earning will be paid out to you via xxx
This study has two parts. All participants are randomly divided into groups of three including one computer. The whole setup is completely anonymous.
In the first part of the experiment, you will answer a quiz. You will earn 1€ by doing this task.
{{ if player.is_treatment_group }}Your score in this quiz will be the basis for the calculation of the quality of the information given to you in this game. If you score more than 7 in the quiz, you will be given an information that is accurate to 70%. It means that this information is correct in 70% of the cases and incorrect in 30% of the cases. If your score is equal or less than 7 in the quiz, the private information given to you will be precise at only 50%. That means that there is 50% chance that the information is correct and 50% that is wrong.
{{ else }}Your score in this quiz will have no influence for the rest of the game.
{{ endif }}After the quiz, you will guess your score and the score of the other member of your group. Every right guess will add 0,5€ to your earning.
The second part of the experiment consists of hiding a prize in one of two boxes Red and Blue and asking you to choose one of them in your group. Your choice will be individual, if the majority chooses the winning box, then your group will win. You can also choose to abstain. Your will earn the same as the other member of the group whatever your choice is. In your group of three, there is a computer that has always good information about the right choice of boxes, with 80% accuracy. You will be given the information accuracy of the other human group member. Then you will be asked to guess whether the other member will choose a box, or she/he will abstain. Your correct guess will add 0,5€ to your earning. You will receive a hint about the winning box (Red or Blue), you can choose to follow the hint or to abstain. When all the group members make their choices, if the majority chooses the winning box, the group members will be winners. The winners will receive a payoff of 5€ in two rounds chosen randomly from the experiment. After this, the winning box will appear in your screen. This second part will be repeated for many rounds. At the end of the session, two rounds will be chosen randomly to calculate your earning.
{{ next_button }} {{ endblock }}