{% extends "global/Page.html" %} {% load staticfiles otree_tags %} {% load staticfiles %} {% load otree static otree_tools %} {% block title %} Please read the following carefully in order to make good decisions and maximize your earnings: {% endblock %} {% block content %}
When you click on "Next", the computer will randomly choose the quality of Illustra’s management to be good or bad with equal probability. It will then simulate the life of Illustra for a few months by generating {{ num_facts_per_page }} events randomly, and independently of each other. If Illustra is well managed, each event that happens to Illustra will be good news with probability {{ news_bias }}% and bad news with probability {{ opposite_news_bias }}%; if it’s poorly managed, events that happen to Illustra will be good news with probability {{ opposite_news_bias }}% and bad news with probability {{ news_bias }}%.
3 business newspapers are each writing {{ num_facts_per_page }} stories about all these {{ num_facts_per_page }} events. You are going to be able to randomly pick and read {{ num_facts_to_select_per_page }} stories per newspaper. It is therefore unlikely that you will read about everything. Instead, you will probably read stories about the same event several times. But keep in mind that in this context, each event should have an equal importance for your decisions, no matter how many times it comes up in your choice of stories.