Quiz

This Quiz tests your understanding of the Instructions.

Please recall that if you can't answer all the questions correctly within 3 tries, you will not be allowed to participate in the Experiment.

You can hover on the "Contract L" and "Contract R" links below if you need to remind yourself of the contracts in order to answer the questions:

1. Which role have you been assigned for the whole duration of the Experiment?
   Employer
   Employee

2. In this question, please use the sliders below to choose XX% effort on the easy task and XX% on the difficult task.

   Choose efforts for CONTRACT R

   Effort easy      task

   Effort difficult task

   Cost of efforts formula

   $$ \text{Cost of efforts} = 0.5 \times \left[ \begin{pmatrix} \color{#00CC66}{Green}\\ effort \end{pmatrix} + 2 \times \begin{pmatrix} \color{#3399FF}{Blue}\\ effort \end{pmatrix} \right] ^{\Large{2}} $$

   $$ \text{Cost of efforts} = 0.5 \times \left[ \begin{pmatrix} \color{#3399FF}{Blue}\\ effort \end{pmatrix} + 2 \times \begin{pmatrix} \color{#00CC66}{Green}\\ effort \end{pmatrix} \right] ^{\Large{2}} $$

   Outcomes for current effort choices

   	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
   Your points
   Employee's points

   1. Please input in the box the total cost to the Employee of choosing these effort levels.

   2. Please input in the box the Wage the Employer pays to the Employee when the Employee chooses these effort levels.

   3. Please input in the box the number of points the Employer wins in this round.

3. In this question, please use the sliders below to choose XX% effort on the easy task and XX% on the difficult task.

   Choose efforts for CONTRACT L

   Effort easy      task

   Effort difficult task

   Cost of efforts formula

   $$ \text{Cost of efforts} = 0.5 \times \left[ \begin{pmatrix} \color{#00CC66}{Green}\\ effort \end{pmatrix} + 2 \times \begin{pmatrix} \color{#3399FF}{Blue}\\ effort \end{pmatrix} \right] ^{\Large{2}} $$

   $$ \text{Cost of efforts} = 0.5 \times \left[ \begin{pmatrix} \color{#3399FF}{Blue}\\ effort \end{pmatrix} + 2 \times \begin{pmatrix} \color{#00CC66}{Green}\\ effort \end{pmatrix} \right] ^{\Large{2}} $$

   Outcomes for current effort choices

   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

   1. Please input in the box the total cost to the Employee of choosing these effort levels.

   2. Please input in the box the Wage the Employer pays to the Employee when the Employee chooses these effort levels and the outcome of the coin toss is "Tails".

   3. Please input in the box the number of points the Employer wins in this round if the outcome of the coin toss is "Heads".