Double Auction Participant Instructions
Decision Making Experiment
The experiment is being conducted by Andrew Reeson of CSIRO and
Karel Nolles of the the Aton Experimental Economics Lab (AEELab).
The activities for today are:
of the experimental
instructions and getting logged in.
||Familiarisation trading session,
to learn how to use the trading screens
The total time required, including reading instructions and
receiving payment at the end of the experiment will be approximately
In today's experiment the conversion rate for the performance
payment will be $Exx,xxx to $1. The resulting figure will be rounded
up to the nearest half dollar. If the experiment terminates early
(for example, due to software problems) then all participants will
be paid on the basis of their experimental dollar balance at the
time of termination if this is determinable. If this cannot be
determined, then an alternative remuneration scheme will be used.
You are free to leave the experiment at any time.
However if you leave before the end of the experiment you will only
Risks, Benefits and Disclaimers
There are no foreseeable risks or discomforts from your
participation in this experiment. Apart from your payments there are
no direct personal benefits for participation.
All data collected will be saved confidentially. No
person-identifiable information will be reported in any published or
When you have read the above, please proceed to the next page.
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Last Modified: 18 October 2007