{% extends "global/Page.html" %} {% load otree %} {% block title %} TASK 3 {% endblock %} {% block content %}

Guess: Before you are informed about the number of questions you answered correctly, you will be asked for your guess of the number of questions you answered correctly.

Payoff: You will be rewarded for the accuracy of your guess. The closer your guess is to the number of questions you answered correctly, the higher your payoff. This formula was designed by economists (link). According to the formula, it is in your best interest to respond honestly. You will be able to earn as much as $5 for the accuracy of your guess as follows:

Accuracy of your guess Payoff
Completely accurate $5.00
Your guess is off by 1 question $4.50
Your guess is off by 2 questions $3.00
Your guess is off by 3 questions $0.50
Your guess is off by 4 or more questions $0.00

Example: Suppose you guess that you answered 15 questions correctly, but you actually answered 16 questions correctly. Since your guess is one question short, you will receive $4.5 as the payoff for your guess.

Practice Question: What would be your guess payoff if you guessed that you answered 14 questions correctly, but you actually only answered 11 questions correctly? {% formfield player.practice_guess1 label="" %}

Recall at the end of the session, ONE of Tasks 3, 4, 6, or 7 will be picked by the computer at random to determine your payoff from these tasks.

Question: How many questions do you think you answered correctly?

{% formfield player.prior_num_guess label="" %} {% next_button %} {% endblock %}