COMSCI / ECON 206 · TEAM 7
Dynamic Fee Choice
One decision at a time. Three rounds that change one another.
Choose how much information players receive
You and the same synthetic opponent will return for three connected rounds. A fee choice changes who waits and therefore changes the next round.
Rules: choose Low, Medium, or High. The higher fee is confirmed; a tie uses a seeded 50/50 draw. The winner's waiting age resets and the other user's waiting age rises.
Your type and the current state
Your fixed private type—
Your waiting age0
Opponent waiting age0
InformationHidden type
There is no previous-round history yet.
What do you expect the opponent to choose?
Commit to a prediction before seeing the opponent's fee. This separates your belief from your eventual decision.
Why?
Choose your fee
Your prediction is locked. Now choose the fee that best balances confirmation value, fee cost, and future waiting.
Outcome and state transition
Three connected rounds
| Round | Wait before | Your fee | Opponent fee | Confirmed | Payoff | Wait after | Prediction |
|---|
Game rules
Urgent value is 8 with delay cost 2; Patient value is 5 with delay cost 1. Only confirmed transactions pay the fee. The synthetic opponent responds to its type and waiting age.