{% extends "global/Page.html" %}
{% load otree %}

{% block title %}<h1 align="center">Example #2</h1>{% endblock %}

{% block content %}

<p></p>

<p>Assume that a <em>more active</em> division manager learns that his/her division’s <u>actual earnings are low</u>, and <u>reports high earnings</u> to corporate headquarters.  The manager’s report is selected for an internal audit.  What is the manager’s payoff?</p>

<p>In this example, the manager’s payoff is <strong>0 <em>Lira</em></strong> as calculated below:</p>

<ul>
<li>Manager earns a fixed salary of {{Constants.salary}} <em>Lira</em>.</li>
<li>Manager incurs a personal cost of {{Constants.cost_high}} <em>Lira</em> for being a more active manager.</li>
<li>Manager does not earn a bonus and must pay a penalty of {{Constants.penalty}} <em>Lira</em> because the manager reported high earnings, his/her report was selected for an audit, and the manager reported high earnings when his/her division’s actual earnings were low. </li>
</ul>

<p></p>
<p></p>

<p><a href="{% static "my_folder/payoff_calculation.png" %}" target="_blank">Link to payoff calculation information</a></p> 
<p><a href="{% static "my_folder/payoff_flowchart.png" %}" target="_blank">Link to payoff flowchart</a></p> 

<p></p>


<p align="center"><img src="{% static "my_folder/eg_2.png" %}"width="800" height="90" /></p>  

<p></p>

<p>Please click the ‘CONTINUE’ button to proceed.</p>

<p align="right"><button class="btn btn-primary btn-large">CONTINUE</button></p>

{% endblock %}