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General Information

   

General Information

Welcome to this experiment and thank you very much for your participation! Please make sure to read the instructions very carefully as understanding these will be important both for our research and your reward from this experiment. While going through the different screens and tasks please do not speak with anyone else or get distracted by anything else (in particular, please close other applications and open tabs in your browser).

Your participation in this research study is voluntary. You may choose not to participate. If you decide to participate in this research survey, you may withdraw at any time. You will need to fill an online survey and answer some questions. It will take approximately 15 minutes.

It is important that you make your decisions on your own. All your decisions and choices will remain completely anonymous.

In this experiment, you can earn a substantial amount of money. The amount you will finally earn depends on your own decisions, the decisions of other participants and on chance. You will receive your payment within a couple of days after completing the study.

All payoffs will be expressed in terms of experimental currency units (ECU). At the end, all experimental currency units will be exchanged into Euros with a conversion rate of 2:1. That means, for each 2 ECU you earned you will receive 1 Euro.

I understand that all the data collected from my responses will only be used for research and my identity will be kept anonymous.

Evaluation of Payoff Combinations

This experiment consists of one task, which is identical for all participants. You will be shown a list of sixteenpayoff-combinations similarly to the screen below (The list on the screen just serves as an example, the values of the actual combinations will be different).

Each of these combinations consists of two numbers (x, y). The first number x corresponds to the number of ECUS you would receive and the second number y corresponds to the number of ECUs another participant would receive. Your task is to rank all these payoff-combinations according to how much you like them. That is, you indicate which of these combinations you like best, which one second-best, and so on.

The payoff combinations will initially be ordered randomly. You can move individual pairs to your preferred position by drag-and-drop. The combination you place on the top corresponds to your most preferred one, the combination you place second corresponds to your second-best option and so on until at the bottom you will place your least preferred combination from the options.

For example, if you like the payoff combination (6, 15) (currently on rank 6) the most, you can should move it to rank 1 (see screenshot below).

Once you have re-arranged the list according to your preference, you will be asked to confirm that this list reflects how you rank the 16 payoff combinations.

Before you are asked to decide about your ranking of the different combinations, you will be asked some questions to help with your understanding of the experiment. At the end of the experiment, there will be a short general demographics questionnaire.

Calculation of final Payoff

Your final payoff consists of a payoff value (x) from your own decision and a payoff value (y) from the decision of another participant.

To determine those two values, two of the sixteen payoff combinations will be chosen randomly and the one you ranked higher will be selected for payment (this corresponds to the one with the lower rank number). From this combination, you will receive the first value for yourself, and the second value will be paid to another participant. In addition, you will receive a payoff value from the decision of another participant (which will determined exactly as the payoff from your own decision is determined).

This procedure guarantees that it is optimal for you to submit your true ranking of payoff combinations.

Your Ranking

Please rank order the following 16 payment pairs by moving the pairs to your desired position (lower ranks correspond to better positions: rank 1 = best rank, rank 16 = worst rank).

If a pair is selected for payment, the first value of the pair corresponds to the payoff you will receive and the second value is paid out to another participant.

Rank

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