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Welcome all, you are about to participate in a session on decision-making, and you will be paid for your participation with cash privately at the end of the session. Your earnings depend partly on your decisions, partly on the decisions of others, and partly on chance.
Cellphones are not allowed during the experiment. Please turn off your cell phones now. The entire session will take place through computer terminals, and all interaction between the participants will take place through the computers. Please do not talk or in any way try to communicate with other participants during the session. We will start with a brief instruction period. During the instruction period you will be given a description of the main features of the session. If you have any questions during this period, raise your hand. Your question will then be answered so everyone can hear.| Hunter 2 |
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|---|---|---|---|
| Hunter 1 | Stag | Rabbit | |
| Stag | (90, 90) | (45, 80) | |
| Rabbit | (80, 45) | (85, 85) | |
That is, if: You select Stag and the other selects Stag, you each make 90 points. You select Stag and the other selects Hare, you make 45 points while the other makes 80 points. You select Hare and the other selects Stag, you make 80 points while the other makes 45 points. You select Hare and the other selects Hare, you each make 85 points. The payoff may vary depending on the round.