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

{% block title %}
    Individual Phase
{% endblock %}

{% block content %}
    <p>
        <strong> Instructions </strong>
         <p> In the individual phase, you will answer multiple-choice questions about finance. There will be two rounds of
    five multiple-choice questions. You will also be asked to predict the probability that you are correct for each question.
        </p>

        <p>You will receive a payment according to the following scoring rules.

            <ul>
                <li>Scoring rule for answers : For each correct answer, you will get 1 dollar.</li>
                <li>Scoring rule for predictions : For each prediction p, we will use the binarized scoring rule to decide
                whether you get 1 dollar. The computer will compute the squared error. If your answer is correct,
                    the squared error is (1-p/100)^2. If your answer is wrong, the squared error is (p/100)^2.
                    Then the computer picks a random number K between 0 and 1. If the squared error is smaller than K, you win a point.
                    <strong> This means that to maximize your chance to gain a point, you should respond truthfully and to
                        the best of your knowledge.</strong>
                </li>
            </ul>
            The computer will randomly pick a round to reward correct answers and the other round to reward accurate beliefs.
    </p>
    {% next_button %}
{% endblock %}