# subnote
## performances
### economic research or how to distribute free dollars

 

START
We are here today as part of a research to the nature of value, in collaboration with professor Loewenstein from the Department of Social and Decision Sciences.

[Scenarios]
1. we’re going to pass around the subnotes to show how they look like, at the end of the class we will be back with some questions. Could you hold onto the notes until then. [teacher will note the names corresponding with subnote number]
2. we’re going to pass around the subnotes, which you then can keep, at the end of the class we will be back with some questions. [teacher will note the names corresponding with subnote number]
3. we’re going to pass around the subnotes to show how they look like. [we will quickly pick up subnotes again]. At the end of the class we will be back with some questions. [teacher will note the names corresponding with subnote number, in order to give them back the same subnotes at the end]
4. we’re going to pass around the subnotes, to show you how they look like. [we will quickly pick up subnotes again]. At the end of the class we will be back with some questions, then you will all get a subnote. [teacher will note the names corresponding with subnote number, in order to give them back the same subnotes at the end]>

END
1. You can all keep the subnote we have given to you earlier. [hand out forms]
2. [hand out forms]
3. [hand out subnotes + forms] You can keep the subnotes.
4. [hand out subnotes + forms]

[text spoken while handing out forms] We are interested in how much you value the that you currently have in your possession. To see how much you value it, we are giving you the opportunity to sell it back to us for cash. Below are a series of lines with $ values, marked "I want to keep the subnote” and “I want to trade the subnote”. On each line, check whether you would prefer to keep it or exchange it for the amount of money written on the line. Indicate what you prefer on every line. Later we will announce our buying price for the subnote. If you have stated that you want to keep the subnote at that price, you will keep it, but if you have stated that you want to exchange it for that amount of money, we will take the subnote and give you the money.
[People fill in forms.]

Could you please hand back the forms [check forms]

Could someone assist with drawing a number from the hat to decide on a price for buying back? [let student draw number from hat] The price is ???. Could everybody who is eligible for buying back the subnotes please come to us and we will pay you the money? [Pay back if eligible]

[research carried during summer of 2002 - results will be published when available]