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Plain Language Statement
<br>
Project Title: Experiments in Individual & Group Decision Making
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<p>
    <b>Introduction</b>
</p>

<p>
    You are invited to participate in an experiment that will take no more than 1 hour of your
    time. We are interested in understanding decision making in experiments using human subjects
    as participants. This research is conducted by Professor Nisvan Erkal from the Department of
    Economics at The University of Melbourne, and Professor Lata Gangadharan and Professor
    Erte Xiao from the Department of Economics at Monash University. This research project
    is funded by the Australian Research Council and has been approved by the Faculty Human
    Ethics Advisory Committee. It is expected that the findings of this project will help in the
    design of better institutions and improve the understanding of decision making.
</p>
<br>

<p>
    <b>What you will need to do</b>
</p>

<p>
    You will be given a set of instructions explaining the experiment and what you have to do in
    detail. The experiment is simple and requires no prior knowledge of economics. It is unlikely
    that there is any physical or mental discomfort associated with participation.
</p>
<br>

<p>
    <b>How will my confidentiality be protected?</b>
</p>

<p>
    The data from the experiment will be collected using randomly assigned identification numbers,
    so your choices will always remain anonymous, within the limits of the law. Payments will be
    made using PayID, so the random identification number assigned to you will be temporarily
    linked to your PayID details. However, this link, hence any identifying information, will be removed
    from the data before it is stored. All data will be stored indefinitely and securely, and will
    be accessible only by those involved in the research project. Your participation is completely
    voluntary and you may withdraw from the experiment without prejudice at any time.
</p>

<p>
    Once the research project is completed, the results may be presented at academic conferences
    and published in academic journals. At this time, the data from this experiment will be made
    public without any identifying information to protect your privacy. If you wish to receive a
    copy of the published report, you can contact any of the researchers.
</p>

<p>
    Participants for this experiment have been chosen from a random pool. In the unlikely event
    that you are a student of any of the researchers, please be advised that the experiment is
    completely voluntary and that your decision to participate, as well as the outcome of this
    experiment, will have no impact on your grades or the student-lecturer relationship.
</p>
<br>

<p>
    <b>Where can I get further information?</b>
</p>

<p>
    Should you require any further information, or have any concerns, please do not hesitate to
    contact Professor Nisvan Erkal (contact details below). If you have any concerns about the
    conduct of the project, you are welcome to contact the Executive Officer, Human Research
    Ethics at The University of Melbourne (Phone: 03 8344 2073 or Fax: 03 9347 6739).
</p>
<br>

<p>
    <b>Contact details of researchers:</b>
</p>

1. Prof Nisvan Erkal (Principal Researcher):
<br>
Office 324, Faculty of Business and Economics Building 105, The University of Melbourne.
<br>
Telephone: +61 3 8344 3307. Email: n.erkal@unimelb.edu.au.
<br>
<br>

2. Prof Lata Gangadharan (Co-researcher):
<br>
Clayton Campus, Room E959, Building 11, Monash University.
<br>
Telephone: +61 3 9905 2345. Email: lata.gangadharan@monash.edu.
<br>
<br>

2. Prof Erte Xiao (Co-researcher):
<br>
Clayton Campus, Room E973, Building 11, Monash University.
<br>
Telephone: +61 3 9905 2345. Email: erte.xiao@monash.edu.
<br>

<p>
    FHEAC No.: 1544864
    Date: 2 January 2018
    Version: 1
</p>

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