Appendix B Instructions

In document Does Money Illusion Matter? REVISED VERSION (Page 34-58)

The original instructions were in German. This section reprints a translation of the instructions used in the Nominal treatment with human opponents for agents of type y.

General instructions for participants

You are participating in a scientific experiment which is funded by the Swiss National Science Foundation. The purpose of this experiment is to analyze decision making in experimental markets. If you read instructions carefully and take appropriate decisions, you may earn a considerable amount of money. At the end of the experiment all the money you earned will be immediately paid out in cash.

Each participant is paid SFr.15.- for showing up. During the experiment your income will not be calculated in Swiss Francs but in points. The total amount of points you collected during the experiment will be converted into Swiss Francs, by applying the following exchange rate:

10 Points = 15 centimes.

Here is a brief description of the experiment. A more detailed description is given below. All participants are in the role of firms, selling some product. In this experiment, there are two types of firms: firms of type x and firms of type y. Each firm has to choose a selling price in every period. The income you earn depends on the price you choose and on the prices all other firms choose.

During the experiment you are not allowed to communicate with any other participant.

If you have any questions, the experimenters will be glad to answer them. If you do not follow these instructions you will be excluded from the experiment and deprived of all payments.

The following pages describe the procedures of the experiment in detail.

Detailed information for firms of type y

This experiment lasts 20 periods plus one trial period. You are not paid for the trial period.

You should nevertheless take the trial period seriously since you may gain experience in this period. This experience helps you to take decisions in the other periods which are paid out.

You are in the role of a firm, just as all other participants in this experiment. All participants are in groups of 4, i.e. every participant is in a group with three other firms. There are two firms of type x and two firms of type y in every group.

You are a firm of type y

Consequently, there are two other firms of type x and one more firm of type y in your group. No participant knows which persons are in his or her group. Yet, everybody knows that the group composition remains constant throughout the experiment. The decisions taken by other groups are irrelevant for your group.

In every period all firms simultaneously decide which selling price they set for the current period. Every firm has to choose an integer price from the interval 1 selling price 30.

How much you earn depends on the price you choose and on the average price of all other firms in your group. Independent of the type, the average price for every firm is calculated by the following formula:

Average price = (Sum of selling prices of other 3 firms) / 3 Consequently, the average price will be in the interval 1 selling price 30.

The average price is rounded to the next integer number.

How to read the income table for a firm of type y

The green income table shows your nominal income in points if you choose a specific price and a specific average price results in this period (see separate table). Your income at the end of the experiment is not based on nominal point income, but on real point income. The following relation between the two holds:

Real income = Nominal income / Average price of other firms

This formula holds for all firms. The real point income that will be paid out is rounded in every period to the next integer number.

Example:

Suppose, you choose a price of 2 and the actual average price is 4. In this case your nominal point income is 29 points. Your (rounded) real income is 7 points (= 29 / 4).

When you decide which price to choose, you do not yet know which average price will actually result in this period. The green income table can consequently help you to calculate your real point income given your expectation on the average price of other firms.

Example:

Given an expectation on the average price you can read off the green table the payoff you get when choosing dif-ferent selling prices. For example, if you expect an average price of 30 and choose a price of 17, your expected nominal income is 141 points, your expected real income is 5 points (= 141 / 30). If you choose a price of 10 at this expected price, your expected nominal income is 86 points, your expected real income 3 points (= 86 / 30).

Please note that you are in a group with one firm of type y and two firms of type x. To determine the income of the other firm of type y, you have to use the green table. To determine the income of the other two firms of type x, you have to use the blue income table.

This table also shows nominal income in points. The same formula above is used to calculate real payoffs for firms of type x.

What the screens show

On both screens described below the current period is indicated in the upper left corner, and the upper right corner displays remaining time in seconds to decide or to view the screen.

The upper half of the input screen (see figure on next page) has three cells, where you can enter data into the computer.

Price decision: Enter an integer number between 1 and 30 into the first cell. You can activate this cell (as well as the other cells) by clicking into the cell with your mouse. If you want to revise your decision, you can erase the number by hitting the backspace key.

Expected average price: Enter an integer number between 1 and 30 into the second cell.

This input does not affect your income and will not be known to other firms. Your payoff will be determined by the actual average price of this period. Please try to indicate an expectation that is as exact as possible since this is going to help you to take your own price decision.

Confidence: Enter an integer number from 1 to 6 to indicate how confident you are that the average price you expect (= number in the second cell) will actually result.

The numbers stand for:

1 = I am not at all confident that my expectation will be correct 2 = I have not much confidence that my expectation will be correct 3 = I am not quite confident that my expectation will be correct 4 = I am quite confident that my expectation will be correct 5 = I am very confident that my expectation will be correct 6 = I am absolutely confident that my expectation will be correct

When you finished entering the numbers into the respective cells, press the OK-button.

Once you have pressed the button, you cannot revise your decision any more for this period.

Figure B1: Input screen

As soon as all firms have decided on their prices, the outcomes of this period will be shown in the outcome-screen.

The upper part of this screen shows the outcomes of the current period. This screen shows your decision of the current period, the average price, your real income of this period, and your total real payoff.

The lower part of this screen displays the outcomes of past periods.

Figure B2: Outcome screen

Overview: What you have to do in every period.

In every period every firm has to choose a price. Every integer price from 1 to 30 can be chosen (1 selling price 30)

• Enter your price decision into the first cell of the input screen.

• Enter into the second cell the average you expect for this period (1 selling price 30)

Enter your confidence in your price expectation into the third cell (numbers 1 to 6).

When you have completed the three cells, press the OK-Button. The remaining time to take your decisions is shown in the upper right corner of the screen.

When all participants have taken their decisions, or when the time has elapsed, all participants are shown the outcome screen. This screen shows your decisions, actual average prices and your real payoff in points for the current and the past periods.

To take your decisions the following aids are at your disposition:

Green income table: Helps you to estimate your expected nominal point income (You are a firm of type y). Your payoff is determined by your real income in points.

You can calculate your real income from the nominal income (= numbers shown in the income table) by applying the following formula:

Real income = Nominal income / Average price of other firms

Blue income table: Helps to estimate the nominal point income of the firms of type x in your group. The payoff of these firms are also determined by their real point income. To calculate the real income of firms of type x, you also apply the formula above.

Outcome screen: Displays your selling price, the actual average price and your real income for the present and the past periods.

Do you have any questions?

Control questions

You have to answer all of the following questions. If you do not answer a question, you will be excluded from the experiment and all payments. Wrong answers do not have any consequences. If you have any questions, please ask us.

1. Please indicate an expectation for the average price of other firms from 1 to 30.

Expected average price ...

2. Please indicate a selling price from 1 to 30.

Selling price ...

3) What is your expected nominal income in points at the prices you indicated in 1) and 2)?

Your nominal income ...

4. What is your expected real income in points at the prices you indicated in 1) and 2)?

Your real income ...

5. Suppose you choose a price of 1. The other firm of type y chooses a price of 30. The first firm of type x chooses a price of 7 and the second firm of type x chooses a price of 23.

a) What is your average price at the (fictitious) prices? ...

What is your nominal income? ...

What is your real income? ...

b) What is the average price of the other firm of type y? ...

What is the nominal income of this firm? ...

What is the real income of this firm? ...

c) What is the average price of the first firm of type x? ...

What is the nominal income of this firm? ...

What is the real income of this firm? ...

d) What is the average price of the second firm of type x? ...

What is the nominal income of this firm? ...

What is the real income of this firm? ...

Appendices 9Appendix CPayoff Tables for treatments with negative shock f table C1a: Nominal, pre-shock, type xAverage price of other firms123456789101112131415161718192021222324252627282930rice18406810214319124329835139743345546446245343942341040340742444144242940938536033631429316356091128172222278335390437473495503500490476463456461480499500486462434405377351326143153801131532002543123724294785145355435405305205145205425635655495234914584253943651228477110013617822828534640946851855457658558357757458360863263662059155651848044441011244263881201582032563163804455065585966196296326346476757027096956666285865435014621022375678106140180229284347413481544597637663677689707738769781772745707662614567522920334969941231592022533123774465165816366797087317577928268458448257907456946415908183044628310914117922427833940647855061767472075678982786589390589887283178072466871627405574971251581982463013654355085826507097588008408809189469569459158698147547142436496686111140175217267325390462536610679738786827868915960991100299095690684761322324559779912415519223628734741448656163369875179283288594599810341046103299694261220294053698811113817020925430736843550757964569973877883490397510351075108810731034511182736486279991231511852252713253864535215866386757117688429251006107211151129111351017243344567189110134164199240288342402465525574608641695770858950103811091155117049152230405164809812014617721325430235541246751254257262269378087797710701146119448142028364658728910813115718822526731436441345348050755261770079690010061104118348131926334253658097117141168200237278322365401424448488547623713815925103511373712172431394860738810612615017821024628532335437539643248455163372983695010653611162228364454668095114135160188219253286314332351382428487561647747858977361015202633415060738710312214316719522525427829531133837843149557366376788236101319243038465566799311012915117520122724826227730133638243850658768078736913172228354251617285100117136157180203221234247268299339388448518602698359121620263239475666789110612314216218219921022224026730234539745853261725811152024303643516171839711212914716417918919921623927030735340647054624811141823273440485666768910211713314816217118019521624227531536141748324710131721263137445260708193107121135147155163176195218247282322371428247913162024293441485665758698110123133141149160177198223253289331381246912151923273238455260697990101112122129136146161179202228260297340246811141821263036414856647383931031121181241341471631832072342673052468111317202428333945525967768695103108114123135149167188212241274

Appendices 10

f table C1b: Nominal, pre-shock, type yAverage price of other firms123456789101112131415161718192021222324252627282930rice91622273134373941424445475053565859605959585857565554535251101824293437404244464749515357606363646363626160595857565554112027333741444648505153555761656768686867666564636260595857122230364144485052545557596266707273737372716968676564636160142433404549535557596062646771767879797877767473717068666563162837455055586163646667697377828586858483817978767472706967183142505661646769707273767984899293929189878583817977757371203647566368727476787980838692971011011009997949289878482807876234054647176808384868788919510110711011010910710510299969390888583802646617280869092949596971001041111171211211191171141101071041009794918886295169819097101103105106107108110115122129133133131128124120116112108104101979491325877921021091141161181181191201221271351431471471441401361311261211171131091051019835648710411612312813113213313313413614115015916316215915414914313813212712211711310910437709611613014014514814914914914915215716717718118017617016415715014413813212712211711239741051291461571641681691681681681701761871982032011961891811731651581511441381321261214078113141162176185189191191190189191198210223227225218209201191182173165157150143136130397911715117719520721321621621421421622323725125625324523522321220119118117216315514814137781191571892132292392432442432422442522682832892852752632502362232111991891791701611533574117159197227250264272274274274276285303321327322311296280264249234221208196186176167326911215619923626628730030630830931232334336337036435133431529627826124523021620419218229631041491952392773063263373433463513643874094184123973783563343122922732562402252111992557951391862342793173463653773853934084344594704654494274033773523283062852662492332192350851261732232733193573874074214344534825115245215064834564263973693433192972762582412045761131582062593113583984294524714955275595785795665445154834504173873583323082872671840671011421882402953493984394725005305656016256336276085795455094724374033733453202971635608912616921927333038643648051755259162966067968267164661357453449445642038735833114315379112151196248305364421473519560600640678709727727712683645603559516475437402370122847709913417522327733539545250555059163167672075377177075171967763158353749345341611244162871181551982483043634224785265656056547087587958148117907547086586075585124691022375577104137175221272328386442490527565616677741796836855851827788739686631579530

Appendices 11

f table C2a: Real, pre-shock, type xAverage price of other firms123456789101112131415161718192021222324252627282930rice182023262932353739403938363330272523212020201918161513121110161820232629323537394039383633312826242323232220181715131211141618202326293235373940403836343129272626262523211917151412121416182023252932353739404038373432302929292826242119171514111214161820232528323537394040393735333232323129272422191715101112141618202325283234373940403938363535353432302725222017910111214161820222528313437394040393838383837353330282522208910111214161820222528313437394040403939393938363431282522789101112141618202225283134363839404040404039383634312825778910111214161820222528313436383939393940404039373431286778910111214161720222528303335373838383839404039373431667789101112141517202225273032343535353638394040393734566778910111214151719222427293132323233353739404039375566778910111214151719212426282929293032343738404039455667789101112141517192123252626262729313436384040445566778910111213151718202223232324262831333638394445566778910111213151618192020202123252730333638344455667789101112131416171818181920222427303336334445566778910111213141516161617181922242730333334445566778910101113131414141516171921242629333344455667789910111212121313141517192123263333344455667789910111111111212141517192123333333444556677889101010101011121315161821233333344455566788999991011121315161822333333444555667788888910111213141622233333344455566777778891010121314222233333344455566677777899101113222223333334445556666667788910112222223333334445555666667788910222222233333344445555556667889

Appendices 12

f table C2b: Real, pre-shock, type yAverage price of other firms123456789101112131415161718192021222324252627282930rice987766555444444433333332222222109877665554444444433333322222211109877665554444444433333322222121110987766555544444443333332222141211109887665555555444433333322216141211109887666555555444433333322181614131110988776666655554443333332201816141311109887766666655544433333323201816141311109987777766655544433333262320181614131210109887777766555444333329262320181614131211109888887766555444333322926232018161513121110999998876655544433353229262321181615131211101010101098877665544433735322926232119171514121211111111109987766554443937353229262321191715141313121212111099877665544403938353229262421191716151414141313111010987766554394039383533302724221918171616161514131211109877665537394039383633302724222019181818171614131211109877665353739403938363330272523212020201918161513121110987766323537394039383633312826242323232220181715131211109877629323537394040383634312927262626252321191715141211109877252932353739404038373432302929292826242119171514121110987232528323537394040393735333232323129272422191715141211109820232528323437394040393836353535343230272522201715141211109182022252831343739404039383838383735333028252220171614121110161820222528313437394040403939393938363431282522201816141211141618202225283134363839404040404039383634312825222018161412121416182022252831343638393939394040403937343128252220181614111214161720222528303335373838383839404039373431282522201816101112141517202225273032343535353638394040393734322825232018

Appendices 13

f table C3a: Nominal, post-shock, type xAverage price of other firms123456789101112131415161718192021222324252627282930rice1851104159181173181183153122988066564842373330272523212018171615141312357613719922624625722117413510786716051453935312826242220191817161492453100169236280315305251193148116937664544741373330272523211918171671837691231932463013583442792121611249981675749433834312826232220191851327498513718123132639838230623017313310585716052454035322926242221194102035599512516124335543741733224718514111190746354474137333027252321381526436787112169262386474451356264196149117947866564943383431282624361220324963801181822844175114853812812081571239981685851454035322927251016253747598412719630544754851840529721916512910385716153464137333024813202936456391137212328478583550429313230173135108887463544842383424711162329354868991482273495086195814523292411811401129277655649443913691318232838527410715924237153865361247534525118814611695796758514412581115192330415780114169257393567687643497360262196151120988269605212479131619253345618512218027241459672167351937527320315712510285726212458111316212736486691130190286435625754703541390283211163129105877412357912141823303952709713720030145565378773256340629321916813310890123468101115192532425575103145211315476681820762585421304226174137112123457910131721273445597910815222132949670985279160743531423317914211235689111418232937486283114159231343516737884820628450325241185112346781013162024313950668811916724035753676491684964946533524811234567911141721263342536992124174250371556792948878671480345012345678101215182228354456739613018126038557681898090669249400223456791113161924293746597610013518827039959684610129357130012345568101214172125313948617910414019527941261687310449640011334567910131518222733405064821081462022894266359011075001123445689111316192328344253678611215120929844065592800112234567810121417202429364454698911615621630845367400112233556891113151821263137465772921201612233174670011223344678101113161922273239485974951241662303270011223344568910121417202328334049617798128172236

Appendices 14

f table C3b: Nominal, post-shock, type yAverage price of other firms123456789101112131415161718192021222324252627282930rice914161720232221201918171615141313121211111010999888812182122262928262422211918171615141313121211111010999881825282934373532292725232119181716151413131211111010109992636394045494540363329272422211918171615141313111111101010935525656626760534640363229262422201918161515141312121111101040718181899583706051443934312825232120181716151414121212111135801091151291371199780665648423733302724222119181716151413131211256811915117619317213911189736152453935312826242220191716151413131218501021572002362372011581239879665648423733302725232119181716151413123474129176226279275229177136107867159514439353128262322201917161514924519212917325331831225519514811592756354464136322927242221191817167183663891211892843573482812121601249880675749433834302825232120191751326456284131210316395382305229172132104847059514539353229262422211941019334560911452323474334163312461831401108974625346413633302725232138152534446610216125437947044935526219414811693776556484338343128262436121926344973112176277410506481378278206156122988168585044393532292625101520263754811231923004405415134022942171641271028470605246413633302481216212942608913420732247157654442531022717113310787736254474137342471014172433466697145223344500611575448326238179139111917664564943391369111419273751721051562383655306456064703412491861441159479675850441257101216223040567811216625338655967963649235725919415011997816959521246810141824324460841201772674075887126665143722702021561241018471611245781215202735486590128187282428616745695536387280209161128104877312356810131722293851699513519729644964577872555840229121716713210889123467911151924324155731011432073114696738117545804173012241721361111234568101316212634445878107150218325490701843783601432312232178141112345791114182228364761821121572273395107288758136234473222391831123456810121519243039506586117164237353530755908842644461332247112344679111317212632415268901231712473675507849408706664773430123345681012151822273443557295128179257381570811972899687491

Appendices 15

f table C4a: Real, post-shock, type xAverage price of other firms123456789101112131415161718192021222324252627282930rice18263540362926231712975433222111111111001218253440383532251712975433222111111111091218253439403934251812975433222111111111791217253235384034251812975433222111111115791217232629364035261812975433222111111145791216182027364035261812975433222111111345791112141926354035251812975433222111113345689101318263539352518129654332221111233456779131825343935251712965433222111223345567912182534393425171296543322211222334445791217253439342517129654332221122233344579121725343834251712965432221112223333457912172533383425171296543222111222223345791217243338342517128654322111122222334579121724333833251712865432111112222233456912172433373324171286543111111112223345691217243237332417128654111111111222334568121624323733241712865111111111122233456812162332373324171286111111111112223345681116233237332417128111111111111222334568111623323633241712011111111111122233456811162331363224160011111111111122233456811162331363224000111111111111222334568111623313632000011111111111122233456811162331360000011111111111122233456811162331000000011111111111222234568111622000000001111111111122223456811160000000000111111111122223456811000000000001111111111222234568

Appendices 16

f table C4b: Real, post-shock, type yAverage price of other firms123456789101112131415161718192021222324252627282930rice9754443322211111111110000000001297655433222111111111100000000181397765433222111111111000000002618131098654332221111111110000000352619141211975433222111111111000000403627201816129754332221111111110000035403629262317129754332221111111110000253440383532251712975433222111111111000182534394039342518129754332221111111110012172532353840342518129754332221111111110912172326293640352618129754332221111111117912161820273640352618129754332221111111157911121419263540352518129754332221111111456891013182635393525181296543322211111134567791318253439352517129654332221111133455679121825343934251712965433222111123344457912172534393425171296543322211122333445791217253438342517129654322211122233334579121725333834251712965432221112222233457912172433383425171286543222111222223345791217243338332517128654322211122222334569121724333733241712865432211111122233456912172432373324171286543211111112223345681216243237332417128654311111111222334568121623323733241712865411111111122233456811162332373324171286511111111112223345681116233236332417128611111111111222334568111623313632241611811111111111122233456811162331363224161101111111111112223345681116233136322416

Appendices 17

A p p en d ix D P ay of f T ab le s f or tr ea tm en ts w ith p os iti ve sh oc k

f table D1a: Nominal, pre-shock, type xAverage price of other firms123456789101112131415161718192021222324252627282930rice387485786756484237333129313230282624222019171615141413121211297611211599806756484238363839363330272523212018171615141313122058114151145120967764544845474845403632292624222019181715151413144088152189175141111897363585961554943383431282523212018171615149276011719022920716412810285767779716153464136322926242220191817157184180146228269240189147118103105106937966574943383430272523212018175142853100175266309275217171146147147126103857160524540353229262422201941021376711920230335131525421421421317814211391756354474137333027252321381527478013822933839436431731831726120115412197806757494338343128252336122134569315525337043843644945638729522016612910384705951453935322926251016264165105172273394477520556537437324237177136108887362534641363330248132031477411618428439044950859859247835025318714311392766455484238342461016243654821261912713183704976306395153742681971501189679675750443913591319284160881311832142503475046626815493962832071571239982695951441257111522324564931261471702343485206957225824182962171641281038571615312469131825354968911051201612343575407297616134393112261711331078874631235811152028385268778811516324136956276279964446032423517713811091761235791317233141525967861171682503835857968366744803382441841431149312346811141925334147536687121174259399608829872703500350253190147118112457912162127333842526891126181269414632862908731519364262196152112346811141822273134425470951311882804306558959437595383762712021123457912141923262935435673991371962914466799279787875573892790123456810131619222429364558771031422033024617029591012814575401002234679111417192025303747618010714821131247772699110468415940012345681012151618212631395064831111542193234937491022108086800113456791113141618222733415266871161592263345097721054111300112345681011121416192328344354699012016523434552479510850011224567910111214172024293645567293124170241355540818001122345689101113151821253138475874971291762493665550011223356789101113161822263239486177100133181256376

Appendices 18

f table D1b: Nominal, pre-shock, type yAverage price of other firms123456789101112131415161718192021222324252627282930rice1318202020191818171616171818171615141413121211111010999819262827262423212019192021201918171615141413121111101010992838403734312926242323242524222119181716151413131211111010937565953474137333028272830282624222119181716151413121211111038748679675749433834333536343128262422201917161514141312121129761131161008268574944414345423834302825232120181716151413131220581141521461219779665753555652464136322926242220191816151514131440881521911771441139177697173665750443834312825232120181716151492760117190230210168132107949798877462534641363229262422201918161571840801452282702451961561341361371189780675749433834302725232120181751428539917326531228423119619719816613310686716052453935312826242220194102137671182003013543312912932942441881451149276635447413733292724222138152747801362253333983994144233612772071571229780675749433834312825233612213456921532463584374805175014103052241681291038470595145393532292625101626416510416625835841447255855545033024017813710888736253464136332924813203147731131742492933434645916014863542551881441139276645548423734246101624355380119167197232324473623643520376269198150118957966574943391359131928405884116136158218326490657684553398283207157123998269595144125711152231446283971121502203365106907235844192972171641281038571615312469131825344762718210815222734953272476161544031122617013310687736312358111520283748556280110158236363556758798644460324235177137110907612357913172330384349628211416424637957979183467348033724418314211493123468111419243035394863851191712563946038248707024993502531891471171124579121620252832395066891241792674106268579067305183632611951511123468101317212427324153699413018727842665089094175853737527020211234579121418202327344355739813619428944267492297478555638827801234568101315171923283545587610214120229945869895410098125744000022346791113151720243037476079106147210310474721986104383959200123456810121315172125313949638311115321732149074410171076865001134567910121315182226334151668611515822533250576710491109

Appendices 19

f table D2a: Real, pre-shock, type xAverage price of other firms123456789101112131415161718192021222324252627282930rice383728201397543322222211111111100002938372920131075433332222111111111000202938382920141075444333222111111111001420293838292014107655443322211111111109142029383830211410866654332221111111117914202938383021151198865433222111111115791320293839312216121111865433222111111145791320293839322318161512975433222111111345791320293839332624231713975433222111113345791319283740363533261813975433222111123345791319273640404036271913975433222111223345791318263335364037281913975433222112223345791317232426333938292013975433222112223345791215161823323938292013975433221112223345681111121622313938292013975433221112223345688911152130383829201497543321111222334566681014213038382920149754331111122233445567101420293838292014975431111112223334445710142029383829201397541111111222233334571013202937382920139751111111122222233457913202837382920139711111111112222233457913192837382920139011111111112222233457913192837372920130011111111111122233457913192837372920000111111111111222334579131928373729000011111111111122233457913192836370000011111111111122233457913192736000000111111111111222334579131927000000011111111111122233457913190000000011111111111122233456913

Appendices 20f table D2b: Real, pre-shock, type yAverage price of other firms123456789101112131415161718192021222324252627282930rice139754332221111111111110000000019139754332222211111111110000000281913975433222221111111111000000372820139754332222221111111110000038372920131075433332222111111111000029383829201410754443332221111111110002029383829201410765544332221111111110014202938383021141086665433222111111111091420293838302115119886543322211111111179132029383931221612111186543322211111111579132029383932231816151297543322211111114579132029383933262423171397543322211111134579131928374036353326181397543322211111334579131927364040403627191397543322211112334579131826333536403728191397543322211122334579131723242633393829201397543322211222334579121516182332393829201397543322111222334568111112162231393829201397543322111222334568891115213038382920149754332211122233456668101421303838292014975433211112223344556710142029383829201497543311111222333444571014202938382920139754311111122223333457101320293738292013975411111112222223345791320283738292013975111111111222223345791319283738292013971111111111222223345791319283737292013901111111111112223345791319283737292013001111111111112223345791319283737292000011111111111122233457913192836372900001111111111112223345791319273637

Appendices 21f table D3a: Nominal, post-shock, type xAverage price of other firms123456789101112131415161718192021222324252627282930rice387811213314214213612812011110396898478747066636058565454545658585756347511714916717016615614513312311310497908479747067646260596062646463612968113156187200200190177162147135123113104979084797571686665666870706966245810215119622423523021519717916114713312211210396908480767472737577787673204888137189235263270259240218196176159144131120111103969086828081838686848016407311717122827530130429026623921419117115514012811810910297929090939696938913326097146205266315340339320291261232206184166150137126117110105101102105108108104991127498012217623930435537937535131728325022219817716014613512611911511511812212111711192241651001462052743423944184113823443052692382121901721571451371311311351391381321258183454821201702343083804354574474143723282892552272031841691581511501551591581511427162845689814019526334241847549748444740035231027324321819918517617417918418117316261424375681115160219292376456515537521480429378332293261236218206203209215212200186512203247679513117924332140949455657755951546040535631628325924424024625324823421641018274056791071471992663494425325966185995514924353843433112922862943012952762534815243448669012116321929037747556963665963858952846841737735234435336235332829948142130415675101134179238313405507605676701681630568509460428417428439426395357371218263548648511214819525733643253964171674472567661656152250952253551947943036111623314155729412316121127535845856967675578777372867663462063665263358452236914202736476280103134174226293379483598709793832825792757745766786767711637259131824324153688811214518624131140050662574082987688387187189892391185777424811162128364659759512115519925532841952864976786292094696710001033103910039272471014192532415165821031301652112693434365466687878869541000104010801113111710732469131722283645567188111139175222282357451561680795890957100010441104115911752469121520253240506276951181481852332943694625686797818558989401017111411952358111418232935445467821011251561942433043784675646587287668058839981125135710131621263239485871881071321632032513113834635436046366697408529931257912151923293542526276931141391712092583153804454955225496097078401246811141721263138465667819811914517721626131336540642845149958069412458101316192328344149597186103125151182219261302335353371411476569124579121418212631374453637590108129155185219252279294309340393467

Appendices 22

f table D3b: Nominal, post-shock, type yAverage price of other firms123456789101112131415161718192021222324252627282930rice13222731343536353636353534333332323131303030313233343433333216263337394041414040393838373635343433333232333536363636353419323944464747474645444342414039383736363535363739393938373623384752555555545351504847454443414039393838394042424241403928465864666665636159575553514947464443424141424445464544434233567177807977757268656260575553514947464545464849504948474437668594979693898480767268656259565452515049505254545352504939741001131191171131071009488837874706663605856555455575959585755533878112133143143137129121112104979085797571676562606060636565646260573476117149168172167158146134124114106989185807672696766676972727168656229681141571882022021921781631491361251151069892868278757474778080787572682458103152196226237232217199181164149135124114106989388848383868989878379752048881371902362642722622432211991791611461331231131061009593939710010097938883164073117171228276303307292269242217194174158144132122114109106106109113113109104989214326097146205266315342342323295264236210188170155142132125120120125129128123117110102112749801221762393043563813783553222872552272031831671541441391381431481461401321231159224165100146205273342396421415387350311275244219198181169161160165171168161151140130818345482120170234307380436460452420378336297264236215199189187193199196187174160147716284568981401942623414184765004894544093623212862572372242212272352312182011841686142437568011415921829137445651654152849044139134731128426726327127927425723621419451221324767941311792413194074935575825675274754243793453233163263353283062792512265101827405678107147198265347440530597623609567514463420392384395406396368333298265491524344866901211632172883744725666366666536125605124784684824954824464013563144814213041567510113417823631040150260167670969966261758157058760458854448743037737121826354864851121471942543324265326357147537507236946867077287136625945234553611162331415572941221602092723534505596667507978077998018288558467987236385543610142027364761791031331722232893724725846947838408678899239579659348667746762591318243241536887112143184237305390492605716809874920960100010331040100292382024811162128364659759512115419625132040650761872681688092396710251079109710599742471014192532415165811021291632072633324185166207167878288719441037111511451110

Appendices 23

f table D4a: Real, post-shock, type xAverage price of other firms123456789101112131415161718192021222324252627282930rice38393733282419161311987655443333222222223438393733282420161311987655443333222222229343839373329242016131198765544333333332224293438393734292420161311108765544333333332202429343839383429242016141110876554443333333162024293438393834292420161411108765544444433313162024293438393834292420171412108766554444443111416202429343839383429242017141210876655555444911141620242934383938342925201714121097765555554891114162024293438403834302521171412109876666655789111416202429343840383530252117141210987777665678911141620242934384038353025211715121199888876567891114162024293438403835302621181513111010999874567891113162024293438403935312622181614121111111110844567891113162024293438403935312622191615141413131110445567891113162024293438403936322723201817161615141234455678911131620242934384039363228242220202019171433445567891113162024293338403937332926252424232017333445567891113162024283337404038343230292927252123334455678911131619242833373940383635353433302622333445567891113161923283237394039393838373531222333445567891113161923273236394040404040393622223334455678911131619232731353738383939403922222333445567891113151822263033343535363840222222333445567891113151821252729293032343812222223334445678911131517202324242526293311222222333444567891012141719202020222428111222222333444567891012141516161718202311112222223334445678910111313141415161911111222222333444566781011111111121416

Appendices 24f table D4b: Real, post-shock, type yAverage price of other firms123456789101112131415161718192021222324252627282930rice13119876544433322222221111111111161311987654443332222222111111111191613119876554433322222222222111123191613119876554433322222222222111282319161311987655443332222222222211332824191613119876554433322222222222137332824191613119876554433332222222222393733282420161311987655443333222222222383937332924201613119876554433333333222234383937342924201613111087655443333333322229343839383429242016141110876554443333333222429343839383429242016141110876554444443333320242934383938342924201714121087665544444433316202429343839383429242017141210876655555444331416202429343839383429252017141210977655555544311141620242934384038343025211714121098766666554491114162024293438403835302521171412109877776655489111416202429343840383530252117151211998888766578911141620242934384038353026211815131110109998766678911131620242934384039353126221816141211111111108765678911131620242934384039353126221916151414131311109855678911131620242934384039363227232018171616151412109455678911131620242934384039363228242220202019171412104455678911131620242933384039373329262524242320171513344556789111316202428333740403834323029292725211815334455678911131619242833373940383635353433302622183334455678911131619232832373940393938383735312723233344556789111316192327323639404040404039363227223334455678911131619232731353738383939403937322223334455678911131518222630333435353638403937

Appendix E:

Additional pre-shock tables in treatments with computerized opponents (RC

Post-shock, Type x Post-shock, Type y

Table 1: Treatment conditions

In document Does Money Illusion Matter? REVISED VERSION (Page 34-58)