{% extends "global/Page.html" %} {% load otree static %} {% block title %} Welcome to the experiment! {% endblock %} {% block content %}
You are about to participate in an experiment on the economics of decision-making.
If you complete this experiment, you will earn ${{ Constants.payment_amount }}, which will be paid to you via PayPal at the end of the experiment.
On average, I expect that the experiment will take approximately 45 minutes.
In this experiment, you will have to complete several computerized tasks using your computer.
There will be 5 categories of computerized tasks in this experiment.
Each category contains 4 different levels of tasks, with level 1 being the easiest, and level 4 being the hardest.
All task categories are designed to be equally difficult, but you may be able to complete tasks from one category quicker than others due to your own aptitudes and abilities.
You will be able to choose which tasks you want to complete - so choosing appropriately will allow you to complete the experiment quicker.
However, you will not know what a task entails before you make your choice.
Instead, you will be given a vague description of each task, and have to make your choice based on these vague descriptions.
You can click the text below to see the vague descriptions of each task category.
This experiment has 4 stages.
First, I will ask you some questions about how much you value completing an unknown task.
There is a small chance that you will be able to immediately complete the experiment after this stage.
Afterwards, you will choose the tasks you want to complete from a specified list.
Next, I will randomly pick some of your choices, and you will complete the tasks that were randomly picked.
Finally, you will answer a simple demographic survey at the end of the experiment.
Please note that you will only be paid if you complete the demographic survey.
Before moving on, please answer the following questions.
As part of this experiment, I want to determine how much you value completing an unknown task.
I will use a procedure called the switch-point procedure for this purpose.
Click the next button to learn about the switch-point procedure.