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In this experiment, you will participate in 15 rounds, in each of which you will be required to make some choices. Although you will participate in 15 rounds, your final earnings depend on the outcome of one single round which will be randomly selected after all rounds have been completed. Since all rounds have the same probability of being selected, you should make each choice as if it were the one effectively used to determine your final earnings.
If you do not have any questions, we can start with the experiment.

Payment

A show-up fee of three euros will be paid for your participation. You are also eligible for additional earnings based on your decisions, as well as those of other participants. Everyone will be paid privately through bank transfer, and you do not need to inform others of your earnings.

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