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In this study there are 3 sellers, 4-6 buyers, and an automated fact checker. You are a either a seller or a buyer. You will play that role for 24 rounds (4 practice rounds and 20 actual rounds). At the end of the instructions you will be told which role you have-either a seller or a buyer. The computer is the fact checker.

Every round, each seller has one asset to sell and buyers bid on those sellers’ assets. Buyers can bid on as many assets as they want.

Sellers earn points by selling assets. Sellers will earn more points by selling assets for higher prices.
Buyers earn points by winning the assets they bid on. But, winning buyers must pay so buyers earn more points when they win assets at lower prices.

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