There are 13 rounds in this experiment. In each round, you will be randomly matched with 5 other people in the room. You will not learn the identity of the people with whom you are matched.
>Three types of players
At the beginning of the experiment, you will be randomly assigned to one of three types: H, M, or L. Your type remains the same during the entire experiment. In each group of six subjects, two will be type H, two type M, and two type L. The type determines potential exam points.
For type H, the exam score is equally likely to be either 100, 90, or 75.
For type M, the exam score is equally likely to be either 95, 80, or 60.
For type L, the exam score is equally likely to be either 85, 65, or 50.
You will not know your Exam score when you make your decision. After all six people in your group have made their decisions, the computer will randomly and independently draw the exams score for each person according to the types.
What decisions do you make in rounds 1, 3 to 7, and rounds 9 to 13?
You will be asked to choose whether to apply to School A or School B. You can apply to one school only.
If you apply to School A and get accepted, then your payoff is 110 experimental dollars (E$). If you apply to School B and get accepted, then your payoff is E$90. If you are rejected, then your payoff is E$0. You might get accepted or not depending on your and other applicants’ realized exam points. Each school accepts two applicants with the highest realized exam score.
Example: Suppose you and three other people in your group applied to School A. Suppose the realized exam scores of the other three are: 100, 95, and 65. If your realized exam score is 100 then you get accepted in School A, and your payoff is E$110. If your realized exam score is 90 then you get rejected and your payoff is E$0.
What decisions do you make in rounds 2 and 8?
You will be asked to state your beliefs on being accepted at School A and at School B. To state your beliefs, for each school, you allocate 100 tokens between two events, you being accepted there, or rejected. For example, if you believe that the chance of you being accepted in School A is 60%, then you put 60 tokens in the event “Accepted at School A” and the remaining 40 tokens in the event “Rejected by School A”. Similarly for School B.
Please select your school.