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PART 3:

In this part we scale up the group to 6. Hence, there will be 1 red player and 5 blue players in each period. Again, one of the 6 players will be randomly selected to be the decision-maker in each period. In addition, we play a few more periods; there will be a pre-determined number of periods (at least 18) that is not disclosed at this point. 

At the end of the session the computer will randomly select one of the periods that you will play. The points that you have earned in that selected period will be your payment for part 3. Each point is worth 2.5 cents.

The possible earnings change as shown in the tables below. The table below shows the possible earnings (minimum and maximum) if the decision-maker chose YES.

N of trades

Possible earnings if the decision-maker chose YES

Completed

Foregone

From 

foregone trades 

From completed trades 

Total earnings if you are blue

Total bonus created if you are red

Total earnings if you are red 

0

5

150

0

150

0

150

1

4

120

29

149

50

199

2

3

90

58

148

100

248

3

2

60

87

147

150

297

4

1

30

116

146

200

346

5

0

0

145

145

250

395

If, instead, the decision-maker chose NO, earnings for each player are as in the column “Total earnings if you are blue”.

In addition, the decision-maker will earn the reduced bonus, as reported in the Table below.

Trades completed by the red player.

Reduced bonus

0

0

1

25

2

50

3

75

4

100

5

125



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