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General Instructions

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<p>
    In this experiment, you will go through three sections with different tasks in each one:
<ol>
    <li>Probabilistic guesses after information</li>
    <ul>
        <li>Three tasks</li>
    </ul>
    <li>Willingness to Pay to acquire information</li>
    <ul>
        <li>Three tasks</li>
    </ul>
    <li>Cognitive Test and Exit Survey</li>
        <ul>
        <li>Two tasks</li>
    </ul>
</ol>
<p>
</p>
<p>
    Your answers to these tasks will determine your chances of making up to $21.00.
    The accuracy of your decisions will increase your expected payoffs.
    So, read carefully and try your best in every task.
    A detailed explanation will be presented before you start each section.
</p>
<p>
    You will be randomly paired with another participant (<strong>Participant 2</strong>).
    One of you will state the probability of an event given some information and the other will predict those probabilities.
    Whenever there is a message to wait it is because Participant 2 is still making their decisions.
    To maintain the anonymity of the random pairing you have to stay until everybody had finished
</p>
<p>
    Please do not communicate with other participants,
    and turn off your cell phone during the experimental session.
    Your cooperation is essential to guarantee that the data collected is accurate.
</p>
<p>
    If you have any questions during the experiment,
    please raise your hand;
    one experimenter will clarify any part of the instructions individually.
    We want you to maximize your chances to make more money.
</p>
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