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

{% block title %}Round 3{% endblock %}

{% block content %}

In the third round of trading, you will bid for, buy, and sell eight “Asset 1” and eight “Asset 2” assets. 
<br><b>Asset 1 has a redemption value of $2.50.</b> After each period, including the bidding period, each asset owned by a person will add $0.25 half the time and subtract $0.25 half the time from the person's banked funds, with each period’s gain or loss separate and independent from each other period. It is important to note that the change of each asset type is the same for every asset in each period. Thus, if Asset 1 adds $0.25 in a period, it does so for all eight units of Asset 1. <br> <b>Asset 2 has a redemption value of $2.50.</b> After each period, including the bidding period, each asset owned by a person will add $0.90 one-tenth the time and subtract $0.10 nine-tenths the time from the person's banked funds, with each period’s gain or loss separate and independent from each other period. It is important to note that the change of each asset type is the same for every asset in each period. Thus, if Asset 2 adds $.90 in a period, it does so for all eight units of Asset 2. Once the round ends (after the ninth trading round), the redemption value, $2.50, of the asset is only paid to all asset holders. If a player has multiple assets when the round ends, that player receives the redemption value, $2.50, times the number of assets owned.  
<br>
<br>
Players' earnings from a round consist of their banked funds (unspent funds from the auction, adjusted for all the asset gains/losses over the course of the round), their remaining spending funds from the trading period, and the amount earned from the redemption value of each asset owned at the end of the round.


{% next_button %}

{% endblock %}