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We will determine payments based on one randomly selected round. Your total number of points for the randomly selected round will be converted to U.S. Dollars at a predetermined rate of 78 points per U.S. dollar and added to your guaranteed payment of $1. The more points you earn, the higher your payment. As a result, please make your decision in all rounds carefully, as any round can be randomly selected to determine your earnings.

If you are assigned the role of an Owner, we will process your payment after the Buyers make their bidding decisions in the second part of the experiment. As a result, there may be a slight delay in processing your payment, but all payments will be finalized within 7 business days.