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For this set, the following selection rule will be put in place: Competition

As a reminder, 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 increase by: 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.

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