# SOME DESCRIPTIVE TITLE. # Copyright (C) YEAR THE PACKAGE'S COPYRIGHT HOLDER # This file is distributed under the same license as the PACKAGE package. # FIRST AUTHOR , YEAR. # #, fuzzy msgid "" msgstr "" "Project-Id-Version: PACKAGE VERSION\n" "Report-Msgid-Bugs-To: \n" "POT-Creation-Date: 2018-08-09 09:10+0200\n" "PO-Revision-Date: YEAR-MO-DA HO:MI+ZONE\n" "Last-Translator: FULL NAME \n" "Language-Team: LANGUAGE \n" "Language: \n" "MIME-Version: 1.0\n" "Content-Type: text/plain; charset=UTF-8\n" "Content-Transfer-Encoding: 8bit\n" "Plural-Forms: nplurals=2; plural=(n != 1);\n" #: .\bg\config.py:154 msgid "For each price you have to decide whether to buy the asset." msgstr "" #: .\bg\config.py:155 msgid "" "Payoffs if this point is reached (depending on players' 'buy'- and 'dont't-" "buy'-decisions). The first number refers to Player 1's payoff, the second " "number refers to Player 2's payoff, and so forth." msgstr "" #: .\bg\models.py:212 msgid "" "Is it possible to be first and be proposed to buy at a price of 100,000?" msgstr "" #: .\bg\models.py:213 msgid "If you are proposed to buy at a price of 1, are you sure to be first?" msgstr "" #: .\bg\models.py:214 msgid "" "If you are proposed to buy at a price of 100,000, are you sure to be second?" msgstr "" #: .\bg\models.py:215 msgid "If you are proposed to buy at a price of 100, are you sure to be third?" msgstr "" #: .\bg\models.py:216 msgid "" "If you are proposed to buy at a price of 1,000,000, are you sure to be " "third ?" msgstr "" #: .\bg\models.py:217 msgid "If you accept to buy at 100, you will propose to resell at" msgstr "" #: .\bg\models.py:218 msgid "" "If you are first, buy at 100, and resell at 1,000, your payoff in the game is" msgstr "" #: .\bg\models.py:219 msgid "" "If you are first, buy at 100, and find nobody to resell to at 1,000, your " "payoff in the game is" msgstr "" #: .\bg\models.py:220 msgid "If you refuse to buy, your payoff is" msgstr "" #: .\bg\models.py:225 msgid "" "What is the probability of being third in line when you have not been " "offered a price yet?" msgstr "" #: .\bg\models.py:226 msgid "What is the probability of the first price (P1) being 1,000?" msgstr "" #: .\bg\models.py:227 msgid "What is the probability of the first price (P1) being 100,000?" msgstr "" #: .\bg\models.py:228 msgid "" "If you are offered a price of 1,000, what is the probability of not being " "last in line?" msgstr "" #: .\bg\models.py:229 msgid "" "What is your profit when you are first in line and buy but the person next " "in line does not buy?" msgstr "" #: .\bg\models.py:230 msgid "" "What is your profit if you are second in line and the person before and " "after you in line buy, but you do not buy?" msgstr "" #: .\bg\models.py:231 msgid "" "What is your profit when you are first in line, you decide to buy and the " "trader next in line also buys?" msgstr "" #: .\bg\models.py:235 .\bg\templates\bg\Decision.html:109 msgid "Yes" msgstr "" #: .\bg\models.py:243 .\bg\templates\bg\Decision.html:122 msgid "No" msgstr "" #: .\bg\pages.py:80 .\bg\pages.py:83 msgid "You answered Q" msgstr "" #: .\bg\pages.py:80 .\bg\pages.py:83 msgid " incorrectly." msgstr "" #: .\bg\templates\bg\ControlQuestions.html:28 msgid "Questionnaire" msgstr "" #: .\bg\templates\bg\ControlQuestions.html:39 msgid "Please answer the following questions." msgstr "" #: .\bg\templates\bg\ControlQuestions.html:44 msgid "" "The game can only start when each player of the group has correctly answered " "all questions." msgstr "" #: .\bg\templates\bg\Decision.html:39 msgid "Decision" msgstr "" #: .\bg\templates\bg\Decision.html:54 msgid "If you were proposed to buy the asset at a price of" msgstr "" #: .\bg\templates\bg\Decision.html:58 msgid "what would you do?" msgstr "" #: .\bg\templates\bg\Decision.html:63 msgid "Please make a decision." msgstr "" #: .\bg\templates\bg\Decision.html:80 msgid "Proposed Price" msgstr "" #: .\bg\templates\bg\Decision.html:86 msgid "Would you buy the asset?" msgstr "" #: .\bg\templates\bg\Instructions.html:29 msgid "Instructions" msgstr "" #: .\bg\templates\bg\Instructions.html:45 msgid "" "

Exchange Process

To " "play this game, we form groups of three players. Each player is endowed with " "1 euro that can be used to buy an asset. Your task during the game is thus " "to choose whether you want to buy the asset. This asset does not generate " "any dividend. If the asset price exceeds 1 euro, you can still buy the " "asset. We indeed consider that a financial partner (who is not part of the " "game) provides you with the additional capital and shares profits with you " "according to the respective capital invested. The market proceeds " "sequentially. The first player is offered the opportunity to buy at a price " "P1. If he buys, he proposes to sell the asset to the second player at a " "price that is 10 times higher, P2=10×P1. If the second player agrees to buy, " "the first player ends up the game with 10 euros. The second player then " "proposes to sell the asset to the third trader at a price P3=10×P2 =100×P1 . " "If the third player buys the asset, the second player ends up the game with " "10 euros. The third player does not find anyone to whom he can sell the " "asset. Since this asset does not generate any dividend, he ends up the game " "with 0 euros. This game is summarized in the following figure.

" msgstr "" #: .\bg\templates\bg\Instructions.html:73 #: .\bg\templates\bg\Instructions.html:107 .\bg\templates\bg\Results.html:115 msgid "Price" msgstr "" #: .\bg\templates\bg\Instructions.html:111 .\bg\templates\bg\Results.html:76 msgid "buy" msgstr "" #: .\bg\templates\bg\Instructions.html:117 .\bg\templates\bg\Results.html:80 msgid "don't buy" msgstr "" #: .\bg\templates\bg\Instructions.html:134 msgid "" "

At the beginning of the game, players do not know " "their position in the market sequence. Positions are randomly determined, " "with one chance out of three for each player to be first, second, or third. " "

" msgstr "" #: .\bg\templates\bg\Instructions.html:143 msgid "" "

Proposed Prices

The " "price P1 that is proposed to the first player is random. This price is a " "power of 10 and is determined as follows:

" msgstr "" #: .\bg\templates\bg\Instructions.html:163 msgid "Initial Price" msgstr "" #: .\bg\templates\bg\Instructions.html:169 msgid "Probability that this initial price is realised" msgstr "" #: .\bg\templates\bg\Instructions.html:194 msgid "" "

Players decisions are made simultaneously and " "privately. For example, if the first price P1 =1 has been drawn, the prices " "that are simultaneously proposed to the three players are P1 =1 for the " "first player, P2 =10 for the second player, and P3 =100 for the third " "player. Analogously, if the first price P1 =10,000 has been drawn, the " "prices that are simultaneously proposed to the three players are P1 = 10,000 " "for the first player, P2 = 100,000 for the second player, and P3 =1,000,000 " "for the third player. The prices that have been proposed can give you the " "following information regarding your position in the market sequence:

" "
  • If you are offered the opportunity to buy at a price of 1, you are " "sure to be first.
  • If you are offered the opportunity to buy at a " "price of 10, you have one chance out of three of being first and two chances " "out of three of being second in the market sequence.
  • If you are " "offered the opportunity to buy at a price of 100 or 1000, you have one " "chance out of seven of being first, two chances out of seven of being " "second, and four chances out seven of being last in the market sequence.
  • If you are offered the opportunity to buy at a price of 10,000, you " "have one chance out of four of being first, one chance out of four of being " "second, and two chances out four of being last.
  • If you are " "offered the opportunity to buy at a price of 100,000, you have one chance " "out of two of being second and one chance out of two of being third.
    • " "
  • If you are offered the opportunity to buy at a price of 1,000,000, you " "are sure to be last.

To preserve " "anonymity, a number will be assigned to each player. Once decisions are " "made, we will tell you (anonymously) the group to which you belong, your " "position in the market sequence, whether you are offered the opportunity to " "buy, and your final gain.

" msgstr "" #: .\bg\templates\bg\Results.html:17 msgid "Results" msgstr "" #: .\bg\templates\bg\Results.html:98 #, python-format msgid "" "You were in position %(position)s. Your payoff is %(earnings)s " "%(exp_currency)s." msgstr ""