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Employee's Task (1)
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Every period consists of six rounds, as we will explain in more detail below.
In each round of each period, every employee performs a decision-making task individually.
The decision-making task will be the same in every round. It requires participants to choose one project from four project alternatives.
Every project has an Expected Project Value and a Realized Project Value.
The Expected Project Value of every project is determined as follows:
Expected Project Value = WeightA1 * A1 + WeightA2 * A2 + WeightA3 * A3
That means, the Expected Project Value of every project is determined by multiplying the Attribute Values (A1 to A3) with their respective Attribute Weights (WeightA1 to WeightA3).
Both the Attribute Values and the Attribute Weights for all projects are unknown to an employee at the beginning of every round. However, to determine which project offers the highest Project Value, an employee can choose to reveal the Attribute Values of A1, A2, and A3 for each of the four projects.
The Attribute Weights (WeightA1 to WeightA3) are also unknown to an employee. However, the following rules apply to the Attribute Weights:
- Every Attribute Weight is at minimum 10 and at maximum is 50.
- All three Attribute Weights (WeightA1 to WeightA3) always add up to 100.
- Every Attribute Weight will remain the same for all six rounds of a every period.
- The Attribute Weights will change between periods. That means, for all six rounds of a new period, the Attribute Weights will take on new weights. However, all rules and the logic about the Attribute Weights we have just outlined will apply in all periods.
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