{% extends "global/Page.html" %} {% load otree static %} {% block title %} Stage III {% endblock %} {% block content %}
This last stage consists of four parts: 2 sets of survey questions and 2 lottery selection tasks. For the sets of survey questions, we will ask you to answer several questions about yourself. All answers are confidential and none of these answers will be used for payment.

For the two lottery selection tasks, you will be asked to choose between different lotteries that have different probabilities of paying out various amounts. These amounts are displayed in points that will use the same conversion rate of $1 per 16 ECUs. Each choice you make during these two lottery tasks is potentially one that could be used for payment in today's experiment At the conclusion of this experiment, in the event that one of these decisions is chosen for payment, how much you earn will depend on your choice as well as the result of the lottery which is decided by the probability provided.

Once you have completed Stage III, your payoff for your decisions in Stages I, II, and III will be displayed. Please wait patiently as others around you may not have finished and the experimenter will be by to give you payment for your participation today. Once you have received payment for your participation today, you are free to quietly leave the room.


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