{{ block title }} Experiment Explaination {{ endblock }} {{ block content }}
Carefully read the following page. There will be a mandatory 2-question quiz after this page to determine if you can pariticpate in this study.
Instructions:
You may be invited to some of the activities described below and you will have an opportunity to receive a payment for your participation. Please think carefully about how much you want to be paid to conduct the following 5 activities:
For each of the activities, you will get a counter-offer! This counter-offer will be randomly drawn from an interval of 0 ECU to an unrevealed maximum ECU payment for the activity. The unrevealed maximum ECU will be the same across all activities. If the counter- offer is greater than or equal to your valuation, YOU WILL PARTICIPATE IN THE ACTIVITY and YOU will be paid the value of the random counter-offer. If the counter-offer is lower than your valuation, YOU WILL NOT PARTICIPATE IN THE ACTIVITY and YOU will not be compensated.
Examples:
Let us go through some examples:
1) Emily values playing Taboo with a partner at 5 ECU ECU. She receives a counteroffer of 4 ECU ECU. Since the counteroffer is lower than her valuation, she will not play Taboo with a partner at the end of the experiment.
2) Richard values generating Taboo cards with a partner at 33 ECU. He receives a counteroffer of 50 ECU. Since the counteroffer is higher than his valuation, he will generate Taboo cards with a partner and be paid the counteroffer value of 50 ECU at the end of the experiment.