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Monopoly Experiment

Part 1

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Overview

You will participate in a computerized market experiment. In each round, you will be placed in a group of {{numPlayers}} participants. In each round, you act as a firm choosing how much quantity to produce. Your goal is to maximize your total profit.

  • You will interact for {{numRounds}} rounds.
  • Each round your group is formed at random.
Your Decision (Each Round)
  • On your screen, you will choose one option:
  • Low Quantity (L)
  • High Quantity (H)

Submit your choice before the timer expires.


How Your Profit Is Determined

Your profit depends on:

  • Your choice (L or H)
  • The number of other participants in your group who chose Low

Payoff Table:

Number of OTHER participants choosing LOW Your payoff if you choose LOW Your payoff if you choose HIGH
41012
3811
269
147
025
Sequence of Each Round
  1. Decision Phase: Choose L or H privately.
  2. Results Phase: You will see:
    • Your choice
    • Your profit for the round
    • Your cumulative profit
Timing

Each round has a fixed time limit (shown on your screen). If you do not submit a decision in time, a default option may be assigned.

Matching
  • Participants are randomly reassigned into new groups of {{numPlayers}} in each round.
  • All decisions are anonymous.
Payment
  • Your final payoff is based on your total profit across all rounds.
  • This may be converted into a monetary reward according to the rules provided by the instructor.
  • Instructions for Part 2 will be provided after Part 1 ends.
Rules
  • No communication with other participants unless explicitly allowed.
  • Make your decisions independently.
  • Do not attempt to identify or signal to others.
Important
  • Your earnings depend on both your decisions and the decisions of others.
  • Try to make the best decision in each round to maximize your total payoff.

Click "Start" when you are ready

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