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Selection system: At the beginning of each set, you will be informed of the system that will be used to select the manager of your firm. The selection system will take one of three forms:

1. Random: Your manager will be randomly selected among one employee of the firm, with each employee having an equal probability of being selected.

2. Voting: All employees will vote for one employee to serve as the manager of the firm. Ties between different employees will be broken randomly.

3. Competition: This will be done as a lottery competition. In the first round of this selection system, you will be given 100 ECUs and asked to make a choice regarding a number of "tickets" you wish to select. These tickets affect your chances of being selected to be the manager. After you and all other firm employees have selected the number of tickets you would like, your probability of being selected as the manager will be determined by the following formula:

(number of tickets you selected)/(number of total tickets selected by all firm employees, including yourself).

However, your payoff for this set will also include an amount equal to 2*(100-(# tickets you selected)). That is, increasing your chance of becoming the manager will also reduce the amount of ECU's you will gain from this competition selection system. Note this is one decision you could potentially be paid for in the experiment today.

During the selection process, information will be provided to you about the other members of your firm, including their score on the quiz as well as the average amount of time they committed to task A during the first part of the set.



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