Select a contract

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CONTRACT L

The employee gets paid the following wage:

If coin = Head If coin = Tail

$ \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

Effort easy task

Effort difficult task

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

Effort easy task

Effort difficult task

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