{% extends "global/Page.html" %} {% load otree %} {% block title %} Welcome to the experiment! {% endblock %} {% block content %}

In this version, each round starts with a random amount between $5.50 and $7.50 and the winnings are cumulative.

Stage 1
In Stage 1, you will have the option to keep the given amount or enter the lottery and gain or lose additional money. The outcome of Stage 1 will then carry on to Stage 2.

Stage 2
In Stage 2, you will have the option to keep the outcome from Stage 1 or to enter another lottery and gain or lose some additional money. Your choice will determine the final payoff of the round and you will start a new round.

Important

The experiment consists of 15 rounds, but before that, you will have 3 practice rounds to familiarize yourself with the rules.

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