{% extends "global/Page.html" %} {% load staticfiles otree %} {% block title %} General Instructions {% endblock %} {% block content %}

You will play a 2 player game in which your earnings at the end will depend on the decisions you both make. If both players answer in an appropiate time, it shouldn't take more than 10 minutes to complete the task.

The sequence is as follows:

  1. You will be asked to answer an individual survey
  2. You will enter the multi-player game in which you will be assigned the role of Player 1 or Player 2 randomly
  3. Player 1 will have an initial endowment of 10 points (1 point= 0.01 USD) and Player 2 will have no endowment
  4. Player 1 will choose how much of his endowment will be sent to Player 2: "Amount sent by Player 1"
  5. Player 2 will receive 3 times the Amount Sent by Player 1
  6. Player 2 will decide how much he gives back to determine the final payment of both: "Amount Sent Back by Player 2"
  7. Player 1 will be asked about his or her beliefs on the Amount Sent Back by Player 2

Final Payments:

Player 1 final payment = Initial endowment - Amount Sent to Player 2 + Amount Sent Back by Player 2

Player 2 final payment = (Amount Sent by Player 1) * 3 - Amount Sent back to Player 1

Notice that efficiency increases with Player 1's transfer.

{% next_button %} {% endblock %}