{{ extends 'global/Page.html' }} {{ block title }}Instructions{{ endblock }} {{ block content }}
You are about to participate in a session on decision making and you will be paid for your participation. This is part of a study intended to provide insight into certain features of decision processes. What you earn depends partly on your decisions and partly on the decisions of others. If you follow the instructions carefully and make good decisions you may earn a considerable amount of money. None of the other participants will be informed of your earnings, and likewise you will not be informed of the earnings of others. The instructions are simple, yet if you have a question, please raise your virtual hand. The currency used in the experiment is Experimental Currency Units (ECUs). The conversion rate between ECUs and Dollars ($) is {{ rate }}:1. For your participation in the experiment, you will receive an initial payment of {{ participation_fee_ecus }} ECUs. Based on the conversion rate provided, this amounts to ${{ participation_fee }}. After you read the instructions, there will be a Quiz to ensure your understanding of the instructions and procedures.
You will be asked to make choices in a number of rounds. You will be randomly paired with another person, your partner, for a sequence of rounds. Each sequence of rounds is referred to as a match. With the completion of the first match, you will be randomly rematched with another partner to play a second match. In total, there will be 2 matches.
The length of each match is 40 rounds. In each round, you make a choice between “Choice A” and “Choice B.” The person you are matched with, your partner, also makes a choice. The payoff you receive for each round depends on your choice and your partner’s choice. After both you and your partner made a choice, you will be given feedback about the round. The feedback consists of information about your choice, your partner’s choice, the payoff that you earned and the payoff that your partner earned in this round.
The payoffs remain the same throughout the interaction but change between matches. Your total earnings in ECUs will be the sum of the payoffs accumulated over the rounds and over the two matches.
For each match, you can look up a payoff table to see what payoff you and your partner would receive for different choices that the two of you make. For instance, if you choose A and your partner chooses B in this round, your payoff will be 30 ECUs in this round, and your partner’s payoff will be 70 ECUs in this round.
Your Choice | Partner's Choice | Your Payoff | Partner's Payoff |
A | A | 60 | 60 |
A | B | 30 | 70 |
B | A | 70 | 30 |
B | B | 10 | 10 |