Part 1 Instructions - Page 1 of 4
Rounds
This part of the experiment,
part 1
of 2, consists of
8 rounds
.
Players
The experiment is for
2 players
, called the
Row
player and the
Column
player. You will stay in the
same role
throughout this part of the experiment.
Multiple Random Matchings
You will be
re-matched
at the start of each round with another person selected
at random
from the other participants. There will be a
new
random matching each round, so you may
or may not
be matched with the same person in two consecutive rounds. The matchings are random, so you are no more likely to be matched with one participant than with another.
Payoffs
Your
payoff
in each round is determined by 3 things: (1) your choice; (2) the other player's choice; (3) the computer's random choice of payoff table.
Choices
The Row player chooses between a Top and a Bottom row, whereas the Column player chooses between a Left and a Right column. It is the intersection of the chosen row and column in the payoff table that determines both players' payoffs. Note that neither player is told about the other player's choice until both players have made their respective choices.