{% extends "global/Page.html" %} {% load otree static %} {% block title %} Job Search -- Example {% endblock %} {% block content %}

Here is an example:

You need to decide your preferred wage and number of jobs you are applying for.

If you choose to have preferred wage at 5, and number of jobs at 3, you would then roll dice for each job you apply for.

To simplify the process, we would recode each failure of applying for job as 0, and recode each job offer you got with its wage rate.

Suppose you got 2 jobs out of 3. The wage rate of one job is 4, and the other is 6. Your results are shown as [0, 4, 6].

Since 6 > 5. You would accept the job offer with wage rate at 6.

Suppose you are in Round 3 in Experimental Trial 3, and your current earning so far is 190 points.

Your subsidy this round is 5 points.

Your payoff from your new job is the wage rate multiples the rest of rounds (including the current round):6*18=108 points.

Your job search cost is 10 points.

Your total payoff is 5 + 108 - 10 = 103 points.

your total earning so far is 190 + 103 = 293 points.

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