You will participate in an experiment on decision-making conducted by the Vrije Universiteit Brussel in Belgium. Your earnings will depend on your choices and the choices of other participants. The instructions will provide all the necessary information to complete the experiment and all participants receive the same instructions.
Your privacy is guaranteed: Your identity will be kept confidential and results will be anonymous. Please communicate with the researcher through the provided Prolific chat if you have any questions regarding the experiment.
All your earnings during the experiment will be expressed in Experimental Currency Units (ECUs). Each ECUs is converted to POUNDS (£) with an exchange rate of 100 ECUs = £1 or 1 ECU = £0.01.
The experiment will last approximately 30 minutes. The experiment includes 3 tasks and a final survey.
In Task 1 you have to make six decisions about how to share a sum of money with another person
In Task 2, you will have to choose one of six gambles.
Task 3 you will be randomly grouped with 3 other people and be prompted with ten decisions about how much you would like to extract from a shared resource.
In the experiment, your final earnings are calculated by summing a fixed amount (£6/hour, so around £3 for the task) + a variable amount (paid as a bonus). The variable amount is calculated as the sum of earnings of all 3 tasks and it will be a maximum of £6. We will only show you your final earnings at the end of the experiment.
Notes:
In Task 3 you will have to wait to be assigned to a group of 4 people in total. If after 7 minutes we have not found a group for you, you will be given the option to leave and be paid for your time, using the link we provide for you. Again, do not close the browser tab until we indicate to do so.
Click Next once you have read these instructions carefully. Once you click Next you cannot go back.