{{ extends 'global/Page.html' }} {{ block title }} Stage 1 - Task {{ endblock }} {{ block content }}

In Stage 1, you and the other employee from the same company will collaborate together on a joint project.

You and the other employee each receive 3000 Lira. Both you and the other employee must decide how much of their 3000 Lira to invest in a joint project.

You and the other employee can give as much, or as little, of that 3000 Lira to fund the joint project and keep the rest of the 3000 Lira to yourselves. That is, you can invest anything between 0 and 3000 Lira to fund the joint project.

Any amount invested by you and the other employee will be multiplied by 3.

This amount will then be equally shared between you and the other employee.

You and the other employee will not know how much was invested by the other until the end of the study.

________________________________________________________________________________________________________________________________
The formulas below summarize how Stage 1 payoff is calculated:

Joint Project Amount = (Your investment in the joint project + The other employee’s investment in the joint project) × 3

Your Compensation = 3,000 Lira - Your investment in the joint project + ½ Joint Project Amount

Initial endowment	3000 Lira
Less: Your investment in the joint project	XX Lira
Plus: ½ Joint Project Amount	XX Lira
Your Total Compensation in Lira	XX Lira

________________________________________________________________________________________________________________________________

Stage 1 will last for only one period.

{% formfields %} {{ next_button }} {{ endblock }}