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Part 1 - The mining game
(Instruction 1/3)



In this experiment, you will be asked to play a game of "mining for gold”. The rules of the game are as follows:


A miner, as shown in the picture below, will be working on mining a gold nugget for you. The mining will take a while, and in the end, the miner might find nothing, or a valuable gold nugget.





Part 1 - The mining game
(Instruction 2/3)



The gold nugget can worth anywhere between 600 and 750 ECU.



If a gold nugget is found, you will be paid on the value of the nuget at the end of the experiment.









Part 1 - The mining game
(Instruction 3/3)



For the mining process, a miner randomly picks a spot to start digging, and whether the miner will find the gold depends entirely on the location of the mining.


In other words, once the miner picked a spot, the outcome of the mining is determined, and there is nothing you can do to change the outcome.


The mining process should take about 10 minutes but it might take longer.





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