{# APP: oath_follower (Second Mover) | FILE: instructions.html #}
All participants in the game will be randomly divided into groups of three. So, besides you, there will be two other members in your group. You have to decide how many tokens to contribute to your group project and how many tokens you keep for yourself.
Every participant receives an "endowment" of 20 tokens. You then have to decide how many of these 20 tokens you contribute to the project and how many you keep for yourself. Each participant can contribute up to 20 tokens. The two other group members face the same decision.
Every token that you do not contribute to the project automatically belongs to you.
For every token contributed to the group project, the project's value will be multiplied by 1.5. For instance, if 1 token is contributed to the project, the project's value increases to 1.5 tokens.
Making your contribution decision
One member of the group will be the 'First Mover'. This person makes their decision before the others in the group, who are referred to as 'Second Movers'.
{{ if oath_text }}Before making their contribution decision, the First Mover will be given the option to take the following oath:
The First Mover can choose to take this oath or decline it.
To determine total contributions to the project, we will sum the amount contributed by the First Mover and the amount contributed by each of the two Second Movers.
Payoff from the Group Project
Once all group members have made their decision, the total contribution to the group project is determined. Tokens in the group project will be divided equally among all three members of the group.
Thus, for every 1 token contributed to the group project, every member of the group receives 0.5 tokens. Your income from the project rises by 0.5 tokens if you contribute one token more to the project. At the same time, the income of the other two members of the group also rises by 0.5 tokens. It also holds that your income rises by 0.5 tokens if another group member contributes one more token to the project.
Income calculation in the game
Your income consists of:
(1) The tokens which you have kept for yourself ("Income from tokens kept").
(2) The "Income from the project". This income is calculated as follows: Your income from the project = 0.5 times the total contributions to the project made by all three group members.
Your Income = Income from tokens kept + Income from the project = (20 – your contribution) + 0.5 × (sum of tokens contributed by all the group members)