Experiment Definition

Experiment Name: SMRPB_HO_LC_WR Mar_02_06_afternoon

Total Number Subjects: 8

Group Size: 8

Are Groups Synchronized?

Cash Exchange Rate: 0.4

Experiment Runtime Information

Experiment ID: 303

Experiment Starting Time: 2006-03-02 15:30:18.0

Total Number Of Participants: 8

Experiment Definition Id: 183

Experiment Experimenter Id: 134

Auction-- Statistics

AttributeGroup : 1 Statistics
Auction: 2
Number of Rounds9
Allocation7,6,6,7,8,3,1,7,7,4,5,7
Optimal Allocation8,1,6,7,3,3,1,7,7,4,5,7
Final Price29.0,32.0,19.0,52.0,16.0,30.0,30.0,26.0,35.9,42.0,11.0,36.1
Surplus427
Optimal Surplus454
Revenue359
Total Penalties0
Total Profits68
Efficiency (surplus/opt_surplus)94.05
Revenue Ratio (revenue/opt_surplus)79.07
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)79.07
Bidder Earnings13 , 0 , 5 , 2 , 27 , 2 , 11 , 8 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning13 , 0 , 5 , 2 , 27 , 2 , 11 , 8 ,
Round: 1
Number of Bids35
Allocation7,2,5,7,7,2,3,7,7,5,5,7
Prices11.7,5.0,10.0,11.7,11.7,5.0,15.0,11.7,11.7,10.0,10.0,11.7
Revenue125
Efficiency83.26
Round: 2
Number of Bids45
Allocation8,6,6,8,8,3,1,8,8,4,6,8
Prices15.5,11.8,14.3,15.5,22.0,5.0,20.0,15.5,15.5,15.0,13.9,15.9
Revenue180
Efficiency80.40
Round: 3
Number of Bids70
Allocation7,1,5,7,3,3,3,7,7,5,5,7
Prices20.5,17.0,24.0,20.6,27.0,10.0,25.0,20.5,20.6,22.3,21.7,20.8
Revenue250
Efficiency86.78
Round: 4
Number of Bids90
Allocation8,2,5,8,8,2,1,8,8,5,5,8
Prices25.3,22.0,29.0,26.0,31.7,15.0,30.0,25.7,25.5,27.0,12.0,25.8
Revenue295
Efficiency81.50
Round: 5
Number of Bids104
Allocation7,1,5,7,7,3,1,7,7,5,5,7
Prices29.8,27.6,23.4,31.1,36.2,20.0,34.4,30.9,31.0,32.0,12.6,31.0
Revenue340
Efficiency90.53
Round: 6
Number of Bids114
Allocation7,2,5,7,7,2,1,7,7,5,5,7
Prices35.0,32.6,22.5,37.0,11.0,25.4,30.0,35.0,35.9,37.0,8.5,36.1
Revenue346
Efficiency88.77
Round: 7
Number of Bids117
Allocation7,1,5,7,7,3,1,7,7,5,5,7
Prices33.0,30.9,20.1,47.0,11.0,30.0,31.1,27.0,36.0,42.0,5.9,36.0
Revenue350
Efficiency90.53
Round: 8
Number of Bids121
Allocation7,6,6,7,8,3,1,7,7,4,5,7
Prices29.0,32.0,19.0,52.0,16.0,30.0,30.0,26.0,35.9,42.0,11.0,36.1
Revenue359
Efficiency94.05
Round: 9
Number of Bids121
Allocation7,6,6,7,8,3,1,7,7,4,5,7
Prices29.0,32.0,19.0,52.0,16.0,30.0,30.0,26.0,35.9,42.0,11.0,36.1
Revenue359
Efficiency94.05
Auction: 3
Number of Rounds11
Allocation7,5,1,7,7,4,2,7,7,5,4,7
Optimal Allocation7,6,1,7,3,4,2,8,5,5,4,4
Final Price26.4,12.6,10.0,31.0,41.0,35.6,25.0,15.0,33.6,19.4,37.4,26.0
Surplus384
Optimal Surplus432
Revenue313
Total Penalties0
Total Profits71
Efficiency (surplus/opt_surplus)88.89
Revenue Ratio (revenue/opt_surplus)72.45
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)72.45
Bidder Earnings6 , 18 , 0 , 15 , 24 , 0 , 8 , 0 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning6 , 18 , 0 , 15 , 24 , 0 , 8 , 0 ,
Round: 1
Number of Bids45
Allocation7,0,0,7,7,2,2,7,7,0,3,7
Prices5.0,-.0,-.0,15.0,5.0,5.0,5.0,5.0,30.0,-.0,5.0,10.0
Revenue85
Efficiency64.81
Round: 2
Number of Bids65
Allocation8,5,0,8,8,4,2,8,8,5,4,8
Prices10.0,5.0,-.0,25.0,10.0,10.0,5.0,5.0,35.0,5.0,10.0,15.0
Revenue135
Efficiency74.31
Round: 3
Number of Bids82
Allocation7,5,0,7,7,4,1,7,7,5,4,7
Prices15.0,5.0,-.0,40.0,15.0,10.0,10.0,.0,40.0,5.0,10.0,20.0
Revenue170
Efficiency80.32
Round: 4
Number of Bids91
Allocation7,6,0,7,7,1,2,7,7,6,6,7
Prices18.7,12.5,-.0,32.5,21.2,15.0,15.0,4.7,33.8,9.1,13.4,19.1
Revenue195
Efficiency82.64
Round: 5
Number of Bids110
Allocation1,6,0,8,8,1,2,8,5,5,6,6
Prices24.0,16.0,-.0,37.0,31.0,20.0,15.0,5.0,37.0,16.0,20.0,9.0
Revenue230
Efficiency86.81
Round: 6
Number of Bids116
Allocation7,5,0,7,7,4,1,7,7,5,4,7
Prices26.7,16.9,-.0,40.1,36.0,25.0,20.0,10.2,40.7,15.1,25.0,19.4
Revenue275
Efficiency80.32
Round: 7
Number of Bids125
Allocation7,6,0,7,7,1,2,7,7,6,6,7
Prices37.0,22.0,-.0,23.0,41.0,30.0,25.0,15.0,36.2,16.8,33.2,20.8
Revenue300
Efficiency82.64
Round: 8
Number of Bids131
Allocation7,5,1,7,7,4,2,7,7,5,4,7
Prices35.4,13.6,10.0,21.4,36.0,33.0,25.0,20.0,34.6,18.4,40.0,25.6
Revenue313
Efficiency88.89
Round: 9
Number of Bids136
Allocation7,5,1,7,7,4,2,7,7,5,4,7
Prices25.0,15.0,10.0,30.0,41.0,37.0,25.0,15.0,36.0,17.0,36.0,26.0
Revenue313
Efficiency88.89
Round: 10
Number of Bids137
Allocation7,5,1,7,7,4,2,7,7,5,4,7
Prices26.4,12.6,10.0,31.0,41.0,35.6,25.0,15.0,33.6,19.4,37.4,26.0
Revenue313
Efficiency88.89
Round: 11
Number of Bids137
Allocation7,5,1,7,7,4,2,7,7,5,4,7
Prices26.4,12.6,10.0,31.0,41.0,35.6,25.0,15.0,33.6,19.4,37.4,26.0
Revenue313
Efficiency88.89
Auction: 4
Number of Rounds12
Allocation7,6,1,7,8,4,1,8,7,5,4,7
Optimal Allocation7,6,1,6,8,4,2,8,7,5,4,8
Final Price30.0,42.0,37.0,31.0,21.0,26.6,20.0,30.0,44.0,20.0,28.4,32.0
Surplus418
Optimal Surplus437
Revenue362
Total Penalties0
Total Profits56
Efficiency (surplus/opt_surplus)95.65
Revenue Ratio (revenue/opt_surplus)82.84
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)82.84
Bidder Earnings9 , 0 , 0 , 29 , 5 , 3 , 2 , 8 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning9 , 0 , 0 , 29 , 5 , 3 , 2 , 8 ,
Round: 1
Number of Bids24
Allocation5,2,5,0,1,1,1,2,5,3,6,0
Prices5.0,5.0,10.0,-.0,5.0,5.0,5.0,5.0,15.0,5.0,20.0,-.0
Revenue80
Efficiency62.01
Round: 2
Number of Bids32
Allocation7,2,0,7,7,4,3,7,7,6,4,7
Prices9.4,5.0,-.0,25.0,5.6,15.0,5.0,10.0,20.6,5.0,20.0,9.4
Revenue130
Efficiency68.88
Round: 3
Number of Bids45
Allocation8,2,2,8,8,4,0,8,8,3,4,8
Prices14.0,7.5,7.5,25.0,16.7,20.0,-.0,10.0,29.2,10.0,15.0,15.0
Revenue170
Efficiency75.74
Round: 4
Number of Bids60
Allocation7,6,6,7,7,4,0,7,7,3,4,7
Prices19.7,12.7,12.3,31.0,17.2,20.0,-.0,10.0,44.0,10.0,15.0,18.2
Revenue210
Efficiency78.26
Round: 5
Number of Bids77
Allocation1,5,5,8,8,4,0,8,5,3,4,6
Prices25.0,22.0,17.0,32.0,26.0,15.0,-.0,15.0,45.0,10.0,20.0,15.0
Revenue242
Efficiency73.46
Round: 6
Number of Bids95
Allocation7,2,5,7,8,3,2,8,7,5,3,7
Prices27.9,27.0,22.0,37.0,30.0,22.5,5.0,21.0,50.0,15.0,22.5,22.1
Revenue302
Efficiency86.73
Round: 7
Number of Bids105
Allocation7,1,5,7,8,4,1,8,7,5,4,7
Prices27.0,32.0,27.0,35.0,30.5,26.3,10.0,20.5,48.0,10.0,28.7,27.0
Revenue322
Efficiency90.85
Round: 8
Number of Bids118
Allocation7,6,6,7,8,4,2,8,7,3,4,7
Prices25.0,37.0,32.0,33.5,26.0,26.9,15.0,25.0,46.5,15.0,28.1,32.0
Revenue342
Efficiency92.91
Round: 9
Number of Bids123
Allocation7,2,1,7,8,4,1,8,7,5,4,7
Prices30.0,37.0,37.0,31.0,26.0,26.6,20.0,25.0,44.0,20.0,28.4,32.0
Revenue357
Efficiency94.51
Round: 10
Number of Bids124
Allocation7,6,1,7,8,4,1,8,7,5,4,7
Prices30.0,42.0,37.0,31.0,26.0,26.7,20.0,25.0,44.0,20.0,28.3,32.0
Revenue362
Efficiency95.65
Round: 11
Number of Bids125
Allocation7,6,1,7,8,4,1,8,7,5,4,7
Prices30.0,42.0,37.0,31.0,21.0,26.6,20.0,30.0,44.0,20.0,28.4,32.0
Revenue362
Efficiency95.65
Round: 12
Number of Bids125
Allocation7,6,1,7,8,4,1,8,7,5,4,7
Prices30.0,42.0,37.0,31.0,21.0,26.6,20.0,30.0,44.0,20.0,28.4,32.0
Revenue362
Efficiency95.65
Auction: 5
Number of Rounds10
Allocation8,5,1,8,3,3,3,4,5,4,5,6
Optimal Allocation8,2,1,8,3,3,4,4,7,4,3,8
Final Price24.5,23.0,33.0,30.5,28.5,43.5,30.0,20.0,9.5,10.0,44.5,15.0
Surplus420
Optimal Surplus457
Revenue312
Total Penalties0
Total Profits108
Efficiency (surplus/opt_surplus)91.90
Revenue Ratio (revenue/opt_surplus)68.27
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)68.27
Bidder Earnings8 , 0 , 10 , 32 , 28 , 8 , 0 , 22 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning8 , 0 , 10 , 32 , 28 , 8 , 0 , 22 ,
Round: 1
Number of Bids27
Allocation5,2,5,7,7,0,0,7,7,0,5,6
Prices.0,5.0,5.0,20.0,5.0,-.0,-.0,15.0,10.0,-.0,10.0,15.0
Revenue85
Efficiency50.55
Round: 2
Number of Bids39
Allocation8,2,1,8,8,1,1,8,8,6,6,8
Prices7.5,5.0,5.0,30.0,10.0,5.0,10.0,15.0,12.5,5.0,15.0,20.0
Revenue140
Efficiency71.12
Round: 3
Number of Bids50
Allocation1,2,1,6,7,1,2,0,7,0,6,6
Prices15.2,5.0,16.5,25.0,15.7,20.3,10.0,-.0,22.3,-.0,19.7,15.3
Revenue165
Efficiency60.83
Round: 4
Number of Bids63
Allocation8,2,1,8,8,1,1,8,8,6,6,8
Prices5.4,5.0,25.0,25.0,30.0,35.0,22.0,1.6,42.0,5.0,15.0,20.0
Revenue231
Efficiency71.12
Round: 5
Number of Bids71
Allocation0,5,6,6,3,3,3,0,5,6,5,0
Prices-.0,7.5,17.5,32.5,28.0,42.8,31.2,-.0,34.5,5.0,35.0,-.0
Revenue234
Efficiency59.74
Round: 6
Number of Bids83
Allocation5,2,5,2,3,4,4,4,5,0,3,6
Prices5.0,13.0,28.0,27.0,30.0,55.0,17.0,17.0,34.0,-.0,43.0,15.0
Revenue284
Efficiency82.93
Round: 7
Number of Bids91
Allocation8,5,1,8,3,3,3,4,5,4,5,6
Prices10.0,13.0,33.0,32.0,33.3,48.3,20.5,20.0,24.3,10.0,39.7,15.0
Revenue299
Efficiency91.90
Round: 8
Number of Bids95
Allocation1,5,1,6,3,3,3,4,5,4,5,8
Prices20.0,18.0,33.0,25.0,32.0,43.0,27.0,20.0,14.0,10.0,45.0,20.0
Revenue307
Efficiency89.28
Round: 9
Number of Bids97
Allocation8,5,1,8,3,3,3,4,5,4,5,6
Prices24.5,23.0,33.0,30.5,28.5,43.5,30.0,20.0,9.5,10.0,44.5,15.0
Revenue312
Efficiency91.90
Round: 10
Number of Bids97
Allocation8,5,1,8,3,3,3,4,5,4,5,6
Prices24.5,23.0,33.0,30.5,28.5,43.5,30.0,20.0,9.5,10.0,44.5,15.0
Revenue312
Efficiency91.90
Auction: 6
Number of Rounds13
Allocation1,1,2,2,8,3,3,8,8,4,6,4
Optimal Allocation8,1,2,2,8,2,3,8,5,4,4,4
Final Price32.0,24.0,28.0,38.0,10.8,33.0,20.0,29.6,32.6,36.0,5.0,33.0
Surplus403
Optimal Surplus458
Revenue322
Total Penalties0
Total Profits81
Efficiency (surplus/opt_surplus)87.99
Revenue Ratio (revenue/opt_surplus)70.31
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)70.31
Bidder Earnings6 , 4 , 19 , 18 , 0 , 2 , 0 , 32 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning6 , 4 , 19 , 18 , 0 , 2 , 0 , 32 ,
Round: 1
Number of Bids28
Allocation0,5,5,6,1,1,1,0,5,6,3,6
Prices-.0,5.0,7.5,10.0,5.0,5.0,5.0,-.0,7.5,12.5,5.0,12.5
Revenue75
Efficiency41.48
Round: 2
Number of Bids37
Allocation8,0,2,8,8,3,3,8,8,3,6,8
Prices.0,-.0,5.0,21.4,5.0,10.6,6.4,5.0,15.0,20.0,5.0,18.6
Revenue112
Efficiency73.80
Round: 3
Number of Bids49
Allocation0,5,5,6,1,1,1,2,5,4,3,4
Prices-.0,7.0,12.6,10.0,10.6,15.4,11.0,5.0,15.4,25.0,5.0,24.0
Revenue141
Efficiency50.00
Round: 4
Number of Bids67
Allocation8,1,2,8,8,3,3,8,8,6,6,8
Prices12.0,12.0,18.0,18.0,16.0,20.0,16.0,15.0,5.0,30.0,5.0,29.0
Revenue196
Efficiency82.31
Round: 5
Number of Bids75
Allocation1,1,2,2,3,3,3,4,0,6,4,6
Prices17.0,17.0,23.6,22.4,19.4,23.8,23.9,10.0,-.0,32.1,20.0,26.9
Revenue236
Efficiency73.58
Round: 6
Number of Bids77
Allocation5,1,2,2,3,3,3,4,5,6,4,6
Prices22.0,12.0,23.0,23.0,26.0,15.0,26.0,15.0,5.0,30.0,15.0,29.0
Revenue241
Efficiency75.76
Round: 7
Number of Bids82
Allocation8,1,2,8,8,1,4,8,8,4,6,8
Prices27.0,19.4,18.0,28.0,26.1,17.6,24.9,25.0,12.6,31.1,5.0,31.3
Revenue266
Efficiency78.60
Round: 8
Number of Bids90
Allocation8,1,1,8,8,3,3,8,8,3,6,8
Prices31.5,24.5,22.5,23.5,21.4,23.5,30.3,25.0,23.0,35.3,5.0,25.6
Revenue291
Efficiency78.38
Round: 9
Number of Bids97
Allocation8,1,2,8,8,3,3,8,8,3,6,8
Prices32.0,24.0,28.0,24.0,12.5,33.0,21.5,29.0,28.0,34.5,5.0,24.5
Revenue296
Efficiency80.79
Round: 10
Number of Bids100
Allocation8,1,2,8,8,3,3,8,8,3,4,8
Prices32.0,24.0,28.0,28.0,7.5,33.0,26.5,25.0,28.0,29.5,15.0,29.5
Revenue306
Efficiency85.15
Round: 11
Number of Bids105
Allocation1,1,2,2,3,3,3,4,5,6,4,6
Prices32.0,24.0,30.0,36.0,5.0,35.0,27.0,25.0,28.0,30.0,15.0,29.0
Revenue316
Efficiency80.57
Round: 12
Number of Bids106
Allocation1,1,2,2,8,3,3,8,8,4,6,4
Prices32.0,24.0,28.0,38.0,10.8,33.0,20.0,29.6,32.6,36.0,5.0,33.0
Revenue322
Efficiency87.99
Round: 13
Number of Bids106
Allocation1,1,2,2,8,3,3,8,8,4,6,4
Prices32.0,24.0,28.0,38.0,10.8,33.0,20.0,29.6,32.6,36.0,5.0,33.0
Revenue322
Efficiency87.99
Auction: 7
Number of Rounds15
Allocation7,5,2,7,8,3,3,7,7,4,4,7
Optimal Allocation7,5,5,7,8,1,3,7,5,4,4,4
Final Price27.0,35.0,25.0,36.0,30.0,33.0,23.0,36.0,41.0,34.5,25.5,38.0
Surplus435
Optimal Surplus453
Revenue384
Total Penalties0
Total Profits51
Efficiency (surplus/opt_surplus)96.03
Revenue Ratio (revenue/opt_surplus)84.77
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)84.77
Bidder Earnings0 , 1 , 2 , 15 , 1 , 0 , 22 , 10 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning0 , 1 , 2 , 15 , 1 , 0 , 22 , 10 ,
Round: 1
Number of Bids29
Allocation7,6,6,7,7,3,3,7,7,3,0,7
Prices7.5,5.0,5.0,7.5,20.0,17.5,17.5,7.5,20.0,20.0,-.0,7.5
Revenue135
Efficiency75.72
Round: 2
Number of Bids43
Allocation0,5,5,2,1,1,1,2,5,4,4,4
Prices-.0,10.3,10.2,12.5,25.0,22.5,22.5,12.5,24.5,11.0,5.5,25.5
Revenue182
Efficiency86.53
Round: 3
Number of Bids54
Allocation7,6,6,7,7,3,1,7,7,3,0,7
Prices7.2,15.0,15.0,18.0,31.0,16.0,23.0,18.0,25.8,27.0,-.0,30.0
Revenue226
Efficiency74.83
Round: 4
Number of Bids67
Allocation8,5,5,8,8,3,1,2,5,6,6,6
Prices20.0,20.0,12.0,23.0,28.0,21.0,23.0,23.0,13.0,22.0,23.0,12.0
Revenue240
Efficiency83.44
Round: 5
Number of Bids76
Allocation8,2,1,8,8,1,3,2,3,4,4,4
Prices15.1,21.9,17.0,24.9,31.0,26.0,28.0,31.1,18.0,27.0,16.1,28.9
Revenue285
Efficiency87.42
Round: 6
Number of Bids80
Allocation7,2,6,7,1,1,1,7,7,6,6,7
Prices22.0,5.0,25.0,33.6,24.0,23.0,23.0,38.0,37.4,21.4,28.6,22.0
Revenue303
Efficiency92.72
Round: 7
Number of Bids89
Allocation8,5,5,2,1,3,3,2,5,4,4,4
Prices27.0,21.1,23.5,24.1,25.0,28.0,28.0,31.9,37.4,26.8,27.5,32.6
Revenue333
Efficiency94.70
Round: 8
Number of Bids93
Allocation7,2,6,7,8,3,3,7,7,6,6,7
Prices25.8,5.0,25.0,30.2,30.0,33.0,23.0,38.0,51.0,20.0,30.0,33.0
Revenue344
Efficiency93.82
Round: 9
Number of Bids98
Allocation7,6,6,7,8,3,3,7,7,4,4,7
Prices27.0,15.0,15.0,28.0,30.0,33.0,23.0,38.0,48.4,27.6,32.4,36.6
Revenue354
Efficiency92.49
Round: 10
Number of Bids105
Allocation7,5,5,7,8,3,3,7,7,4,4,7
Prices27.0,20.0,20.0,30.6,30.0,33.0,23.0,33.0,51.2,26.3,33.7,36.3
Revenue364
Efficiency96.47
Round: 11
Number of Bids109
Allocation7,1,2,7,8,3,3,7,7,4,4,7
Prices27.0,25.0,25.0,36.0,30.0,33.0,23.0,31.3,45.7,26.9,33.1,38.0
Revenue374
Efficiency93.82
Round: 12
Number of Bids110
Allocation7,1,2,7,8,3,3,7,7,4,4,7
Prices27.0,25.0,25.0,36.0,30.0,33.0,23.0,30.4,46.6,37.0,23.0,38.0
Revenue374
Efficiency93.82
Round: 13
Number of Bids111
Allocation7,5,2,7,8,3,3,7,7,4,4,7
Prices27.0,35.0,25.0,36.0,30.0,33.0,23.0,30.9,46.1,32.0,28.0,38.0
Revenue384
Efficiency96.03
Round: 14
Number of Bids112
Allocation7,5,2,7,8,3,3,7,7,4,4,7
Prices27.0,35.0,25.0,36.0,30.0,33.0,23.0,36.0,41.0,34.5,25.5,38.0
Revenue384
Efficiency96.03
Round: 15
Number of Bids112
Allocation7,5,2,7,8,3,3,7,7,4,4,7
Prices27.0,35.0,25.0,36.0,30.0,33.0,23.0,36.0,41.0,34.5,25.5,38.0
Revenue384
Efficiency96.03