{% load otree_tags staticfiles %}

<div class="instructions well well-lg">

    <h3 class="panel-sub-heading">
        Instructions
    </h3>

    <p>
  You and your classmates each have ${{ Constants.deposit }}  in the bank.        
    </p>
    <p>
        Each of you decides independently and simultaneously each round whether you want
 to       withdraw your money or not.  
      
    </p>  <p> The bank promises to pay ${{ Constants.r1 }}

 to each withdrawer. After the bank pays the people who withdrew, the money that remains will be doubled, and divided evenly between the people who chose to wait. Note that if too many people withdraw, the bank may not be able to pay ${{ Constants.r1 }} to each withdrawer. In this case, the bank will divide the $10 evenly among all withdrawers. Those who choose to wait will receive nothing.</p> 
<p> Your payoff depends on your choice and the choices of the other people in your group. Specifically, how much you receive if you withdraw or wait depends on how many other people in the group choose to withdraw.</p>
<p> Below you will find a payoff table that lists the payoffs associated with the two choices, withdraw or wait, if n of the 10 people in your group choose to withdraw. </p>
<p> In each period, you will also receive an announcement that forecasts the number of withdrawals for this period. The announcement will be either "The forecast is that x or more people will choose to withdraw", or that "The forecast is that x or less people will choose to withdraw". </p>
<p> Everybody receives the same message and the announcements are randomly generated. The chance of seeing the same message that you saw in the previous period is higher than the chance of seeing a different announcement. These announcements are only forecasts, which can be right or wrong. </p>

    <table class="table">
	<br/>
        <tr>
            <th>n</th>
            <th>Payoff if you withdraw</th>
	    <th>Payoff if you wait</th>
        </tr>
        <tr>
            <td> 0 </td>
            <td> n/a </td>
	    <td> 2.00 </td> 
            </tr>
	 <tr>
            <td> 1 </td>
            <td> 1.11 </td>
	    <td> 1.98 </td> 
            </tr>
 	<tr>
            <td> 2 </td>
            <td> 1.11 </td>
	    <td> 1.95 </td> 
            </tr>
	<tr>
            <td> 3 </td>
            <td> 1.11 </td>
	    <td> 1.91 </td> 
            </tr>
	<tr>
            <td> 4 </td>
            <td> 1.11 </td>
	    <td> 1.85 </td> 
            </tr>
	<tr>
            <td> 5 </td>
            <td> 1.11 </td>
	    <td> 1.78 </td> 
            </tr>
	<tr>
            <td> 6 </td>
            <td> 1.11 </td>
	    <td> 1.67 </td> 
            </tr>
	<tr>
            <td> 7 </td>
            <td> 1.11 </td>
	    <td> 1.49 </td> 
            </tr>
	<tr>
            <td> 8 </td>
            <td> 1.11 </td>
	    <td> 1.12 </td> 
            </tr>
	<tr>
            <td> 9 </td>
            <td> 1.11 </td>
	    <td> 0.02 </td> 
            </tr>
	<tr>
            <td> 10 </td>
            <td> 1.00 </td>
	    <td> n/a </td> 
            </tr>
    </table>

 


</div>