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

{% block title %}
Part 3<hr>
{% endblock %}

{% block content %}

    <p>We will now ask you to make several additional decisions. These decisions might affect your bonus payment: if Part 3 gets randomly selected for payment, then one of your seven decisions will be randomly chosen (with equal probability) and implemented in exactly the way we describe here.</p>

    <p>In Part 2 of this study, we asked you to indicate your personal valuation of various lotteries. In addition, we asked you to indicate how confident (on a scale from 0 to 100) you are that your valuation actually corresponds exactly to your genuine valuation of the lottery. We did the same for all other participants in this study today, who went through exactly the same questions and task as you did.</p>

    <p>In Part 3 of this study, for each lottery that you saw in Part 2, we will ask you to <b>guess the average
        confidence that all other participants in this study today stated for this particular lottery</b>.
        In guessing the average confidence of other study participants for a particular lottery, you can again use the same slider as in Part 2.</p>

    <p>Of course, these other study participants may have stated different valuations than you – however, this is not what matters here. All that matters is how <b>confident</b> you think they were in their respective valuations, on average.</p>

<p>You can earn money with your guesses. For each guess of yours, there is a potential prize of $5. The probability of receiving this prize is given by:

    Probability of getting $5 = 100 – (Your guess – actual average confidence)^2.</p>

    <p>You can never make losses with your guesses. While this equation might look a bit complicated, all that matters for you is that you are more likely to win the prize the closer your guess is to the actual average confidence of all other study participants.</p>


 <div style="text-align: right;">
    {% next_button %}
</div>
{% endblock %}