{{ block title }} General instructions for participants {{ endblock }} {{ block content }}

Welcome! You are participating in a scientific experiment funded by Tilburg University. The purpose of this experiment is to analyze decision-making in experimental markets. If you read the instructions carefully and take appropriate decisions, you may earn a considerable amount of money. At the end of the experiment all the money you earned will be sent out to you via bank transfer.

Each participant is paid 3€ for showing up. Your final earnings will include the show-up fee, plus the earnings that you can win during the experiment, accomplishing the tasks you will be assigned to.

Final earnings = 3 euro show up + earnings from the game

The experiment lasts 20 periods. Before the game beings, you will be asked to answer some questions to make sure you understood the game. You will not gain or lose money for these questions, but you might gain useful experience and understanding of the game, hence we ask you to take these questions seriously.

Please do not talk with other participants, attempt to communicate, or look at other participants’ computer screens at any time during the session. Your cooperation is extremely important to guarantee that the data collected is accurate.

Please be aware that you cannot go back to the previous page any time while reading the instructions. However, you can find a printed copy of the instructions on your desk, that you can consult at any time. We kindly ask you not to write on the instructions and leave them on your desk when you are done, such that we can keep using them and save paper.

Please do not use your cellphones during the experiment. In case you will need to use a calculator, one will be provided on screen for you. By reading these instructions, you agree that we may use the data collected in this experiment for scientific purposes. Data will be handled anonymously.

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