{% load staticfiles otree_tags %}

Instructions

In the following experiment you will make a series of decisions that will have consequences for your earnings as well as the earnings of other participants that take part in this experiment. Across multiple rounds, you will exchange Monetary Units (short: MU) between you and another person. Each MU is worth 0.01 £ cents (60 MU = £0.60/$0.78).

In each round, you will be matched with another person whom we will refer to as Participant A.

Each round goes as follows:

  • Participant A will start with a 20 MU endowment. Participant A then decides how many of the 20 MU to transfer to you (between 0 MU and 20 MU in steps of 1).
  • Every MU that is transferred to you will be tripled. For example, if Participant A transfers 5 MU to you, then this will turn into 15 MU for you.
  • You will then have the opportunity to transfer back any of this amount to Participant A. For example, if participant A transferred 5 MU to you, then this will turn into 15 MU for you. You can then decide to transfer back any amount between 0 MU and 15 MU to Participant A.

In each round, the person we refer to as Participant A might be a different person. Hence, you will not necessarily be matched with the same participant on each trial, however the decisions that you make on every trial will affect another participant.

To assess consistency, you will be asked to complete two blocks for this task. In each block you will be asked how much you would like to return for every transfer amount between 1 and 20 MU.

You will be paid out by the selection of a randomly chosen decision that you have made that will be matched up with the offer made by another individual. Therefore, all of your decisions equally effect your payout as well as the payout of someone else.

Comprehension questions:

{% formfield player.test_question_1 label="Assume Participant A has transferred 15 MU to you. How many MU will you receive?" %}

{% formfield player.test_question_2 label="Assume Participant A has transferred 15 MU to you. You decided to transfer 5 MU back. How many MU does Participant A now have in total?" %}

{% formfield player.test_question_3 label="Assume Participant A has transferred 15 MU to you. You decided to transfer 5 MU back. How many MU do you now have in total" %}

{% formfield player.test_question_4 label="The payout of another individual will be affected by my offers" %}