Welcome to this experiment

In this experiment you can earn a substantial amount of money. Your earnings will be paid to you privately and confidentially right after the end of the experiment. We will be using an Experimental Currency Unit (ECU), which will be exchanged to euros at a rate of 1 euro per ECU.

Your decisions in this experiment will be recorded anonymously and neither participants nor experimenters will be able to link your decisions to you after the experiment.

You must not communicate with any of the other participants during the experiment. If you have a question raise your hand and wait until we come to your desk.