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Econ611V-BEE

Econ611V-BEE. VCG Sep 1, 2004. VCG. You have $100. A pool is set up so that you and another randomly paired person (also in this room) can put money in.

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Econ611V-BEE

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  1. Econ611V-BEE VCG Sep 1, 2004

  2. VCG • You have $100. • A pool is set up so that you and another randomly paired person (also in this room) can put money in. • Any money you and your anonymous partner contribute will become 1.5 times the original amount (i.e. every dollar contributed will become $1.5.) and will be shared equally between you two.

  3. VCG • The amount you choose is totally voluntary and confidential. The double-blind design guarantees neither the experimenter nor your partners know the amount you contribute. • You may contribute any amount between $0 and $100 (inclusive). • Please fill out the form and we will randomly pair the forms.

  4. Thank you.

  5. Part B Sequential VCG

  6. Sequential VCG • The setup is the same to Part A (concurrent) except that there will be two roles: player A and player B. • The roles will be assigned randomly now. • Every dollar contributed will become $1.5 and shared equally.

  7. Sequential VCG • Player A: You will move first in this game. You will fill out the part A of the form. The form will be collected and distributed randomly to a player B. • Player B: Receiving the form, you will see the contribution level of a player A assigned to you. You will then fill out your contribution level in part B of the form.

  8. We are going to collect the forms. Thank you!!!

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