{% extends "global/Page.html" %} {% load otree %} {% block title %} Make a bid in Period 1 {% endblock %} {% block content %}

The seller knows:

There is 50 % chance that your value is 2 points;
There is 25 % chance that your value is 4 points;
There is 12.5 % chance that your value is 8 points;
There is 6.25 % chance that your value is 16 points;
There is 6.25 % chance that your value is 32 points;
The robot seller will based on those information set a secret price.

Only you know:

The value of the item for you in this period is {{player.value_1}}.
You have to make a bid.

About lucky buyer:

You have 50% chance to be the lucky buyer. Then you can get the item for free.
Otherwise you have to pay the secret price, if your bid is not less than the secret price the robot set.

How much will you bid in this period?

{% formfields %}
Click next to continue the experiment.

{% next_button %}

{% include Constants.instructions_template %} {% endblock %}