{{ block title }} Task 1 - Belief Question {{ endblock }} {{ block content }}
In addition to the steps described before, after observing some of the Firm’s plates, you will also be asked to answer the following question in each round of Task 1:
Your answer to this question will determine an additional number of tokens that you may earn in the round, based on the following steps. First, a whole number, which we call r, will be randomly selected between 0 and 99, with each value in that range equally likely. Then:
For example, imagine that in a given round, you indicate that you believe the Firm is Type A with a probability p = 70%. Then, a number r is randomly selected between 0 and 99. If r < 70, then you would earn additional {{ C.RIGHT_BELIEF }} in this round ONLY IF the Firm’s type were Type A. Otherwise, if r ≥ 70, then you would earn additional {{ C.RIGHT_BELIEF }} in this round with probability r%.
IMPORTANT: The strategy that maximizes your expected earnings from this question is for you to select the value of p that you truly believe is the probability that the Firm’s type is A.
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