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Investors who do not choose to invest will receive their outside option. In Stage 2, the outside option for each investor will be randomly drawn from the numbers between 0 and 300. All numbers are equally likely to be drawn.

Each investor will use a slider to select the minimum outside option for which you will choose not to invest.

As an investor, your best choice is always to set the slider exactly equal to the value you believe you will earn on average by choosing Invest.

Please click "Continue"

*** Page will not continue until everyone has clicked continue ***

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