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Thank you for participating. During the experiment session, you will be asked to make a number of decisions involving money. For some decisions, your payment will also depend on the decisions made by other players.
The decisions will be explained in detail in each question. You will be paid in real money at the end of the session for ONE of these money decisions, where the paid decision will be randomly selected, as described below. Therefore, please make each decision as if it will be paid. In this way, you will be happy with the decision selected for payment at the end.
In total, there are 4 parts to the experiment with money decisions. At the end of the experiment, we will roll a dice, where 1-4 represent these 4 parts. The dice roll will determine the part to be paid. Since you will make 2 decisions in each part, the decision to be paid will be selected at random by the computer program.
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