{{ extends "global/Page.html" }} {{ load otree static }} {{ block title }} Instructions {{ endblock }} {{ block content }}
Welcome to this experiment.

{{if treatment == "ICG"}} You will make {{C.half_NUM_ROUNDS}} choices in the following, and these could give you additional earnings. At the end of the experiment, for one out of {{C.one_out_of_x_players_paid}} players one of these {{C.half_NUM_ROUNDS}} choices is randomly picked and the respective earnings are paid out. {{endif}} {{if treatment == "ICG_then_CCG"}} The experiment consists of two parts, in each of which you will make {{C.one_quarter_NUM_ROUNDS}} choices, which could give you additional earnings. At the end of the experiment, for one out of {{C.one_out_of_x_players_paid}} players one of these {{C.half_NUM_ROUNDS}} choices is randomly picked and the respective earnings are paid out. Notably, in each of the rounds your payoff will not only depend on your own choice, but also on the choice of {{C.OTHER_PLAYERS_PER_GROUP}} other participants. The following description applies to the first part of the experiment. The instructions for the second part of the experiment will follow later.

{{endif}} Precisely, you have a budget of {{ C.BUDGET }} {{C.currency_name}} and you can decide what share to keep and what share you invest into a public project. There are also {{C.OTHER_PLAYERS_PER_GROUP}} other players that can invest into this project. Everything that is invested into the project is doubled and then evenly distributed among all {{C.PLAYERS_PER_GROUP}} players.

For instance, if one player invests 4 {{C.currency_name}}, one invests 6 {{C.currency_name}} and one invests 2 {{C.currency_name}}, there are overall 12 {{C.currency_name}} invested into the public project, and as these are doubled each player receives 8 {{C.currency_name}} from the public project. The overall earning, if this choice is paid out, is (10-4)+8=14 {{C.currency_name}} for player 1, for player 2 it is (10-6)+8=12 {{C.currency_name}} and for player 3 it is (10-2)+8=16 {{C.currency_name}}.

You should make every decision as if it is the one that counts - because it may be!



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