Instructions History Treatment

Summary

The experiment consists of eight different rounds.
In each round you will have to choose two projects that may either succeed or fail with a certain probability.
For the third and final project in a round you can decide either to stay with your current project or change to a new project.
For each of the first two projects you will earn 300 ECU in case of success and 100 ECU in case of failure. The third project can have different earnings.
Only one of the eight rounds (with three projects each) will be randomly selected for payment.

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Once you proceed you cannot go back to the instructions. We will then ask you a number of questions to confirm that you understood how the experiment works.

After the quiz you will receive a copy of the summary.

Are you sure you have understood everything and want to proceed?

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