{% extends "global/Page.html" %} {% load otree %} {% block title %} Material Error Probability Prediction Task {% endblock %} {% block content %}

If your client's file is audited, what do you believe is the probability (0-100%) that a material error will be found by the regulator in this round?

Note that you can earn up to 5000 extra LabRands if your answer is close to the correct answer.

0% (Impossible) 50% 100% (Certain)
Your Prediction: 50%
How your payment is calculated:

We use a Binarized Scoring Rule. Your prediction is used to calculate an "error score." The closer your prediction is to the true likelihood, the lower the error score. The computer then draws a random number between 0 and 1. If your error score is less than that random number, you win the prize. Making your error as small as possible maximises your chance of winning.

Mathematically: This mechanism is "incentive compatible." This means that your expected earnings are highest when you report your true belief. There is no way to "game" the system; being honest is your best strategy.

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