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Instructions
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This experiment goes over 3 rounds. In the beginning of each round, participants are randomly (re-)matched to a new participant.

In each round, the two participants in each pair are randomly assigned to the roles of persons A (in Blue) and B (Yellow). They will take turns. When it is her turn, a person chooses either “pass” (P) or “take” (T). As soon as a person chooses “take”, the round is finished. If the round continues then the other person faces the same choice “take” or “pass”. If a person is the last to decide, then the game also ends after “pass”. Person A begins. Each person will have a maximum of 3 choices to make.

The timeline of the game is shown as below. The circles indicate which person makes a decision. The payoffs at the end of the line pointing down are the payoffs which the two persons receive if the person who’s turn it is chooses “take”. At the end of the line pointing right there is the choice of the other person which follows after the current person chooses “pass”. At the very right, the payoffs at the end of the line pointing right are the payoffs which the two persons receive if the person at the end chooses “pass”. All payoffs are given in experimental currency units (ECUs).

We will randomly select one round to calculate your payoff. Two lucky groups will be picked for payment. For every 2 ECUs you get, you will receive one chocolate.


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