{% extends "global/Page.html" %} {% load otree static %} {% block title %} Job search -- Part B {% endblock %} {% block style %} {% endblock %} {% block content %}



Now you need to decide the number of jobs you want to apply for.

The total job search cost will depend on your number of jobs.

Number of Jobs 0 1 2 3 4 5
Cost 0 point 2 points 5 points 10 points 18 points 30 points


Choose the number of jobs from 0 to 5.

(Choosing 0 means that you are not going to look for jobs this round.)



Suppose you have just lost your job, and now you are looking for a new job.

You need to decide your plans of looking for new jobs.

  1. Your preferred wage for new job, the minimum wage you would like to accept.
    1. However, the higher preferred wage you have, the lower probability you have to find a new job.
  2. How much effort you would put in looking for jobs, the job search intensity .
    1. It just means the number of jobsyou are applying for each round.
    2. However, looking for jobs will cost you money. The more jobs you are looking for, the more money it costs you.

Before you begin looking for new jobs, we need to notify you that life is not infinite even in an experiment.

  1. You only have 20 rounds to look for new jobs in one experimental trial.
  2. Once you fail in current round, you could also look for jobs in the next round.
    1. However, if you could not find job for all 20 rounds, you would not have any other chance in this trial.
  3. Once you find your job, the job search will end.
    1. Your earnings from your new job equals to the wage rate multiples the rest of rounds (including your current round).

Let us think about what you have when you are looking for jobs:

  1. You have some money in your account.
  2. You have Unemployment Insurance benefit for a period of time.
    1. The amount of benefit varies (0 point, 5 points, 10 points).
    2. The duration of benefit varies (0 round, 10 rounds, 15 rounds, 20 rounds).
    3. However, you won’t have UI benefit anymore if you find a new job.

Let us think about what those companies have for you.

  1. They could provide you jobs with different wage rates.
    1. To make it simple, all companies would give candidates 20% chance of getting job offer for each job they are applying for.
  2. Once you get your job offers, they would give you equally chance of wage rate from 1 point to 10 points for each job offer.
  3. You will get the job offer with the highest wage rate only if it is greater than or equal to your preferred wage.

Finally, your earned points will be converted into U.S. dollars (20 points = 1 dollar).



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