{% load otree %}
<div class="card bg-light m-3">   
    <div class="card-body">
        <p>
            The Owner performs <strong>two jobs</strong>.
        </p>
        <p>
            The first job is to <strong><i><u>choose the likelihood</u></i></strong> that the <strong>Bonus Factor</strong> equals 100 points. For example, Owners can choose that there will be a 0% or 25% or 50% or even 100% (or any other percent) likelihood that the <strong>Bonus Factor</strong> equals 100 points. Based on this choice, the computer will then randomly determine whether the <strong>Bonus Factor</strong> ends up being 100 points or 0 points.
        </p>
        <p>
            However, the higher the likelihood chosen by the Owner, the higher the <strong>Cost Factor</strong>. The formula used to determine the <strong>Cost Factor</strong> is shown below: 
        </p>
        <p>
            <img src="{% static "HMV/cost_factor.png" %}"/> 
        </p>
        <p>
            This formula might seem a little strange, but it reflects that an Owner’s choice of a higher likelihood of an asset having a <strong>Bonus Factor</strong> of 100 points will require a higher <strong>Cost Factor</strong>. The table below shows some examples of amounts for the <strong>Cost Factor</strong> based on possible chosen likelihoods between 0% and 100%. Note that the Owners can choose any likelihood between 0% and 100%, not just increments of 10%. 
        </p>
        <p>
            <center><img src="{% static "HMV/likelihood_bonus.png" %}"/></center>
        </p>        
    </div>
</div>