Table 2. In the transparent condition participants' investment is 34.6% higher than in the opaque condition, and the median investment is 100, compared to a median of only 50.

	Investment		Expectations
	Transparent	Opaque	Transparent	Opaque
Mean average investment	84.8	50.2	74	54
Median average investment	100	50	100	50
Standard deviation of transfers	35.9	38.6	43.3	36.8
Number of observations	48	48	48	48

In the transparent condition participants' expectations are 20% higher than the opaque condition, and the median on expectations is 100, compared to a median of only 50.