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<p dir="ltr" style="line-height: 1.3800000000000001; text-align: center; margin-top: 12pt; margin-bottom: 12pt;"><span style="font-size: 13.999999999999998pt; font-family: Roboto, sans-serif; color: rgb(33, 37, 41); background-color: rgb(255, 255, 255); font-weight: 700; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-variant-east-asian: normal; font-variant-position: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Instructions</span></p>
<p dir="ltr" style="line-height: 1.3800000000000001; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 12pt; font-family: Roboto, sans-serif; color: rgb(33, 37, 41); background-color: rgb(255, 255, 255); font-weight: 400; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-variant-east-asian: normal; font-variant-position: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">This is an experiment in decision-making. By completing this session, you will earn money based on the decisions you and others make in the experiment. You will also receive $5 for your participation in the experiment. You will be paid at the end of the session. Please raise your hand any time you have a question and someone will help you.</span></p>
<p dir="ltr" style="line-height: 1.3800000000000001; text-align: center; margin-top: 12pt; margin-bottom: 12pt;"><span style="font-size: 12pt; font-family: Roboto, sans-serif; color: rgb(33, 37, 41); background-color: rgb(255, 255, 255); font-weight: 700; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-variant-east-asian: normal; font-variant-position: normal; text-decoration: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Overview of the experiment</span></p>
<p dir="ltr" style="line-height: 1.3800000000000001; margin-top: 6pt; margin-bottom: 12pt;"><span style="font-size: 12pt; font-family: Roboto, sans-serif; color: rgb(33, 37, 41); background-color: rgb(255, 255, 255); font-weight: 400; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-variant-east-asian: normal; font-variant-position: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">You are one of many participants in a session that has&nbsp;</span><span style="font-size: 12pt; font-family: Roboto, sans-serif; color: rgb(33, 37, 41); background-color: rgb(255, 255, 255); font-weight: 700; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-variant-east-asian: normal; font-variant-position: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">several parts</span><span style="font-size: 12pt; font-family: Roboto, sans-serif; color: rgb(33, 37, 41); background-color: rgb(255, 255, 255); font-weight: 400; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-variant-east-asian: normal; font-variant-position: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">.&nbsp;</span><span style="font-size: 12pt; font-family: Roboto, sans-serif; color: rgb(32, 36, 41); background-color: rgb(255, 255, 255); font-weight: 400; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-variant-east-asian: normal; font-variant-position: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Before each part begins, we will explain how it works.</span></p>

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