{% extends "global/Page.html" %} {% load otree %} {% block title %} Welcome to the experiment! {% endblock %} {% block content %}

In this version, similarly to the previous one, you also start each round with $6. However, this time you will be gambling with a smaller amount, from -$2 to +$2, which will be added to the initial $6 at the end of each round.
All other rules remain the same:
In Stage 1, you will have a choice of taking a certain amount or entering a lottery and draw a random amount from a specified interval. If you take the certain amount, the payoff is added to your $6, recorded and you start a new round. However, if you choose to play the lottery, after drawing a random number, you will enter Stage 2. In Stage 2, you will have a chance to add the amount you have just drawn and finish the round or enter a similar lottery and draw a new final payoff.

The winnings between the rounds are not cumulative - only one round's outcome will be randomly selected and become your true monetary payment at the end.

The experiment consists of 20 rounds, but before that, you will have 3 practice rounds to familiarize yourself with the rules.


Please enter your identification number. {% formfields %} {% endblock %}