Select a contract

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CONTRACT L

The employee gets paid the following wage:

\( \text{Wage} = 1.8 \times \begin{pmatrix} \color{#00CC66}{Green}\\ effort \end{pmatrix} + 1 \)
\( \text{Wage} = 1.8 \times \begin{pmatrix} \color{#3399FF}{Blue}\\ effort \end{pmatrix} + 1 \)

CONTRACT R

The employee gets paid the following wage:

\( \text{Wage} = 0.9 \times \begin{pmatrix} \color{#00CC66}{Green}\\ effort \end{pmatrix} + 0.9 \times \begin{pmatrix} \color{#3399FF}{Blue}\\ effort \end{pmatrix} + 1 \)

Select the efforts that you think the employee will choose for CONTRACT L

Cost of efforts formula
$$ \text{Cost of efforts} = 0.5 \times \left[ \begin{pmatrix} Effort\\ easy\\ task \end{pmatrix} + 2 \times \begin{pmatrix} Effort\\ difficult\\ task \end{pmatrix} \right] ^{\Large{2}} $$
If coin = Head formulas
$$ \begin{align} \text{Your points} &= \text{Wage} - \text{Cost of efforts} \\ \text{Employer's points} &= (32 \times \text{low effort task}) + (4 \times \text{high effort task}) - \text{Wage} \end{align} $$
If coin = Tail formulas
$$ \begin{align} \text{Your points} &= \text{Wage} - \text{Cost of efforts} \\ \text{Employer's points} &= (32 \times \text{low effort task}) + (4 \times \text{high effort task}) - \text{Wage} \end{align} $$
Wage Wage
Your points Your points
Employee's points Employee's points

Select the efforts that you think the employee will choose for CONTRACT R

Cost of efforts formula
$$ \text{Cost of efforts} = 0.5 \times \left[ \begin{pmatrix} Effort\\ easy\\ task \end{pmatrix} + 2 \times \begin{pmatrix} Effort\\ difficult\\ task \end{pmatrix} \right] ^{\Large{2}} $$
 
Wage
Your points formulas
$$ \begin{align} \text{Your points} &= \text{Wage} - \text{Cost of efforts} \\ \text{Employer's points} &= (32 \times \text{low effort task}) + (4 \times \text{high effort task}) - \text{Wage} \end{align} $$
Employee's points
Select a contract for the employee:
Please select a contract
You selected CONTRACT X

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Outcome for round X

Contract you selected: Contract X
Employee's choice of efforts on the easy task for Contract X: XX
Employee's choice of efforts on the difficult task for Contract X: XX
Outcome of the coin toss: XXXX
Number of points you won: XX
Number of points the employee won: XX



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