{% extends "global/Page.html" %}
{% load otree static %}

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    Instructions - 4 - Examples
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    Example – 1<br/>
Suppose in the first period you consume 64 tokens, then your utility in the first period is &#8730;64 = 8 and your saving is 100-64=36 tokens.
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Example – 2<br/>
Suppose in the first period you consume 121 tokens, then your utility in the first period is &#8730;121 = 11 and your borrowing is 100-121=21 tokens.
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    Example – 3<br/>
Suppose in the first period you consume 64 tokens and save 36 tokens. Then, your income in the second period is 100 + 36*(1+0.05) = 137.8 tokens.
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    Example – 4<br/>
Suppose in the first period you consume 121 tokens and borrow 21 tokens. Then, your income in the second period is 100 + (-21)*(1+0.05) = 77.95 tokens.
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    Example – 5<br/>
Suppose the game consists of 2 periods and you consume 64 tokens and 100 tokens respectively. Hence, your per-period utilities are 8(&#8730;64) and 10(&#8730;100) respectively. Then, your overall utility in the experiment is 8 + 0.99*10 = 17.9.
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    Example – 6<br/>
Suppose the game consists of 3 periods and you consume 64 tokens, 100 tokens, 121 tokens respectively. Your per-period utilities are 8(&#8730;64), 10(&#8730;100), and 11(&#8730;121) respectively. Then, your overall utility in the experiment is 8 + 0.99*10 + (0.99*0.99)*11 = 28.7.
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    Example – 7<br/>
Suppose your lifetime utility is 200 tokens. Then, your total earning is 200*0.05=10 Euro.

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    {% next_button %}
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