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This study will require you to make 18 different decisions about money. There are two potential players at each stage of the game: P1 or P2. This means you will either play as P1 or P2 at every stage. The computer randomly decides what role you play.

Money : Throughout the study, we will use a currency called “Token” or TK for short . The exchange rate is TK 1 = KSH 2.

In each round, you will be faced with a unique situation where you have 100 Tokens from an investor to support your business. The decisions you make in each round will then determine your final payoff for that round. Each round is different from the other

This means you will be faced with 18 different situations with 18 different payoffs.

At the end of the study, we will randomly select one of the 18 payoffs. The payoff which is randomly selected will determine the amount of money you will earn in this study. So make every decision carefully.

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