{% extends 'bootstrap_base.html' %}
{% from 'bootstrap/form.html' import render_field %}
{% from 'bootstrap/form.html' import render_form %}
{% block content %}
User Instruction
In this study we ask you to step in the shoes of a bank employee looking at loan applications, which you have to accept or reject. You are given the same information as a typical loan officer, such as the applicant’s income, the amount applied for and the interest rate. You are then asked to accept loans that are likely to be repaid, and to reject loans that are likely to lead to default.
To help you in this process we have created an algorithm that, based on the same information, will offer a second opinion after you have made an initial choice. After seeing the computer advice we ask you to confirm, or change, your initial choice.
As in a real bank situation, your bonus pay will depend on the results of your decisions on the loan applications. On top of the standard payment, you will be paid 0.1 GBP per loan that you accept and is repaid, or loan that you decline and would have been defaulted on. This means that each correct decision you make will be rewarded with a bonus. There is no bonus pay for accepted loans that the applicant will fail to repay, or for rejected loans that would have been repaid in full.
This means that each correct decision you make will be rewarded with a bonus.