Experiment Definition

Experiment Name: SMRPB_HO_LC_WR Mar_12_06_evening_RIGHT

Total Number Subjects: 8

Group Size: 8

Are Groups Synchronized?

Cash Exchange Rate: 0.4

Experiment Runtime Information

Experiment ID: 22

Experiment Starting Time: 2006-03-12 14:27:54.0

Total Number Of Participants: 8

Experiment Definition Id: 15

Experiment Experimenter Id: 4

Auction-- Statistics

AttributeGroup : 1 Statistics
Auction: 2
Number of Rounds13
Allocation1,5,6,6,3,4,1,8,3,6,3,8
Optimal Allocation7,5,6,6,3,4,1,8,3,6,4,8
Final Price47.0,22.0,48.8,29.8,23.0,27.0,25.0,40.0,34.0,28.4,29.0,36.0
Surplus472
Optimal Surplus487
Revenue390
Total Penalties0
Total Profits82
Efficiency (surplus/opt_surplus)96.92
Revenue Ratio (revenue/opt_surplus)80.08
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)80.08
Bidder Earnings1 , 0 , 24 , 15 , 14 , 24 , 0 , 4 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning1 , 0 , 24 , 15 , 14 , 24 , 0 , 4 ,
Round: 1
Number of Bids62
Allocation8,6,1,6,8,2,2,2,8,6,3,8
Prices5.0,5.0,5.0,5.0,5.0,5.0,5.0,5.0,5.0,5.0,10.0,5.0
Revenue65
Efficiency59.96
Round: 2
Number of Bids70
Allocation8,5,5,2,8,2,2,8,8,5,3,8
Prices5.0,10.0,10.0,5.0,23.7,5.0,5.0,23.7,23.7,10.0,10.0,23.7
Revenue155
Efficiency65.30
Round: 3
Number of Bids84
Allocation7,6,6,7,7,2,2,7,7,6,3,7
Prices17.6,10.0,17.5,12.5,27.0,5.0,5.0,27.0,27.0,17.5,10.0,24.0
Revenue200
Efficiency80.29
Round: 4
Number of Bids92
Allocation7,5,5,7,1,1,1,7,7,5,3,7
Prices18.0,8.0,26.0,10.0,29.0,5.0,18.0,29.0,25.2,26.0,10.0,23.8
Revenue228
Efficiency85.83
Round: 5
Number of Bids101
Allocation7,1,6,6,7,2,2,7,7,6,3,7
Prices13.0,5.0,39.0,13.8,23.9,5.0,28.0,35.1,22.1,24.3,10.0,30.9
Revenue250
Efficiency82.75
Round: 6
Number of Bids108
Allocation1,5,6,2,1,2,1,8,3,5,5,8
Prices10.0,17.0,5.0,25.0,18.0,.0,52.0,15.0,10.0,32.0,10.0,61.0
Revenue255
Efficiency80.08
Round: 7
Number of Bids125
Allocation7,1,6,6,7,4,4,7,7,6,4,7
Prices23.0,5.0,41.0,13.0,23.0,12.0,34.0,30.0,17.0,23.0,31.0,46.0
Revenue298
Efficiency89.73
Round: 8
Number of Bids134
Allocation1,5,5,6,3,1,1,8,3,5,3,8
Prices20.2,17.0,44.0,10.0,30.0,17.0,46.8,23.0,22.0,23.0,34.0,53.0
Revenue340
Efficiency90.14
Round: 9
Number of Bids143
Allocation1,5,5,6,1,4,1,8,3,6,6,8
Prices27.3,17.0,44.0,25.0,30.0,22.0,37.7,30.7,22.0,23.0,34.0,45.3
Revenue358
Efficiency89.94
Round: 10
Number of Bids151
Allocation7,5,6,6,7,4,4,7,7,6,4,7
Prices31.0,22.0,48.8,29.7,36.6,22.0,31.2,33.4,29.3,28.5,23.8,49.7
Revenue386
Efficiency95.28
Round: 11
Number of Bids155
Allocation1,5,6,6,3,4,1,8,3,6,3,8
Prices47.0,22.0,48.9,29.9,23.0,27.0,25.0,30.3,34.0,28.3,29.0,45.7
Revenue390
Efficiency96.92
Round: 12
Number of Bids156
Allocation1,5,6,6,3,4,1,8,3,6,3,8
Prices47.0,22.0,48.8,29.8,23.0,27.0,25.0,40.0,34.0,28.4,29.0,36.0
Revenue390
Efficiency96.92
Round: 13
Number of Bids156
Allocation1,5,6,6,3,4,1,8,3,6,3,8
Prices47.0,22.0,48.8,29.8,23.0,27.0,25.0,40.0,34.0,28.4,29.0,36.0
Revenue390
Efficiency96.92
Auction: 3
Number of Rounds13
Allocation1,2,2,7,8,2,1,7,8,5,6,6
Optimal Allocation8,6,2,2,3,2,4,7,8,5,6,6
Final Price23.8,44.0,25.0,23.0,24.0,33.0,21.2,42.0,33.0,25.0,41.0,36.0
Surplus431
Optimal Surplus442
Revenue371
Total Penalties0
Total Profits60
Efficiency (surplus/opt_surplus)97.51
Revenue Ratio (revenue/opt_surplus)83.94
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)83.94
Bidder Earnings11 , 17 , 0 , 0 , 18 , 7 , 0 , 7 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning11 , 17 , 0 , 0 , 18 , 7 , 0 , 7 ,
Round: 1
Number of Bids55
Allocation1,2,2,8,8,2,1,8,8,4,4,4
Prices5.0,5.0,5.0,5.0,5.0,5.0,5.0,5.0,5.0,13.3,13.3,13.3
Revenue85
Efficiency71.72
Round: 2
Number of Bids67
Allocation8,2,2,8,8,2,1,8,8,0,6,8
Prices5.0,5.0,5.0,19.0,5.0,5.0,5.0,5.0,19.0,-.0,5.0,35.0
Revenue113
Efficiency75.57
Round: 3
Number of Bids80
Allocation8,6,1,8,8,4,4,8,8,0,4,8
Prices15.0,10.0,5.0,21.7,14.7,5.0,5.0,14.7,27.0,-.0,20.0,35.0
Revenue173
Efficiency63.12
Round: 4
Number of Bids97
Allocation7,1,1,7,3,3,1,7,3,5,5,7
Prices18.4,15.3,11.2,26.0,20.0,12.0,8.5,18.2,30.0,5.3,24.7,43.4
Revenue233
Efficiency84.39
Round: 5
Number of Bids110
Allocation8,2,2,6,3,3,1,2,8,3,6,6
Prices34.5,26.0,22.0,22.5,13.5,20.0,5.0,12.0,23.5,1.5,32.5,37.0
Revenue250
Efficiency91.63
Round: 6
Number of Bids126
Allocation7,6,2,6,8,2,2,7,8,0,6,7
Prices29.5,35.0,28.0,18.0,18.5,14.0,5.0,26.5,28.5,-.0,43.0,42.0
Revenue288
Efficiency85.07
Round: 7
Number of Bids134
Allocation1,1,5,7,3,3,1,7,3,5,5,7
Prices36.3,34.8,28.2,22.5,28.8,5.0,13.8,22.8,28.2,18.2,39.7,41.7
Revenue320
Efficiency84.62
Round: 8
Number of Bids139
Allocation7,6,5,6,3,3,1,7,3,5,5,7
Prices27.6,40.8,32.1,26.2,24.0,5.0,19.0,33.9,33.0,23.0,30.9,36.5
Revenue332
Efficiency87.56
Round: 9
Number of Bids142
Allocation1,1,2,6,8,2,1,2,8,5,6,6
Prices26.0,40.0,36.4,18.6,24.0,13.0,19.0,36.6,33.0,15.0,38.0,35.4
Revenue335
Efficiency94.57
Round: 10
Number of Bids146
Allocation7,6,5,6,3,3,1,7,8,5,5,7
Prices25.0,42.5,25.0,24.5,28.0,19.0,24.0,42.0,33.0,15.0,46.0,31.0
Revenue355
Efficiency90.27
Round: 11
Number of Bids149
Allocation1,2,2,7,8,2,1,7,8,5,6,6
Prices24.5,44.5,34.0,23.0,23.5,23.5,20.5,42.0,33.5,25.0,41.0,36.0
Revenue371
Efficiency97.51
Round: 12
Number of Bids151
Allocation1,2,2,7,8,2,1,7,8,5,6,6
Prices23.8,44.0,25.0,23.0,24.0,33.0,21.2,42.0,33.0,25.0,41.0,36.0
Revenue371
Efficiency97.51
Round: 13
Number of Bids151
Allocation1,2,2,7,8,2,1,7,8,5,6,6
Prices23.8,44.0,25.0,23.0,24.0,33.0,21.2,42.0,33.0,25.0,41.0,36.0
Revenue371
Efficiency97.51
Auction: 4
Number of Rounds13
Allocation8,5,5,7,1,1,1,7,8,6,6,8
Optimal Allocation7,5,5,7,1,1,1,4,8,6,6,8
Final Price31.6,39.9,22.1,41.6,39.0,24.0,34.0,27.4,13.0,35.9,26.1,36.5
Surplus408
Optimal Surplus416
Revenue371
Total Penalties0
Total Profits37
Efficiency (surplus/opt_surplus)98.08
Revenue Ratio (revenue/opt_surplus)89.18
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)89.18
Bidder Earnings14 , 0 , 0 , 0 , 12 , 10 , -7 , 8 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning14 , 0 , 0 , 0 , 12 , 10 , -7 , 8 ,
Round: 1
Number of Bids64
Allocation7,1,6,7,7,1,1,7,7,6,6,7
Prices6.7,5.0,5.0,6.7,6.7,5.0,5.0,6.7,6.7,5.0,5.0,6.7
Revenue70
Efficiency86.30
Round: 2
Number of Bids70
Allocation8,1,6,8,8,1,4,8,8,6,6,8
Prices20.5,6.5,5.0,2.0,22.0,3.5,15.0,23.5,.0,6.5,3.5,2.0
Revenue110
Efficiency81.25
Round: 3
Number of Bids80
Allocation8,1,1,8,8,0,1,8,8,6,0,8
Prices18.1,10.0,10.0,15.0,42.0,-.0,21.0,36.0,20.0,5.0,-.0,8.9
Revenue186
Efficiency68.03
Round: 4
Number of Bids96
Allocation8,1,1,8,8,3,1,8,8,3,3,8
Prices5.0,18.0,9.0,26.2,49.7,14.0,14.0,29.0,7.0,13.0,8.0,23.1
Revenue216
Efficiency76.44
Round: 5
Number of Bids118
Allocation8,6,2,8,8,2,2,8,8,6,6,8
Prices31.8,23.0,14.0,31.0,25.0,13.7,24.3,4.0,12.0,18.0,13.0,36.2
Revenue246
Efficiency79.33
Round: 6
Number of Bids130
Allocation7,5,5,7,7,3,2,2,3,3,5,7
Prices22.4,33.0,24.0,32.6,41.3,20.6,17.3,20.7,16.2,22.2,23.0,27.7
Revenue301
Efficiency87.98
Round: 7
Number of Bids145
Allocation8,1,6,8,8,1,1,8,8,6,6,8
Prices23.1,38.0,14.0,31.0,25.0,20.9,27.1,10.9,.0,42.0,28.0,50.0
Revenue310
Efficiency84.62
Round: 8
Number of Bids151
Allocation7,5,5,7,7,2,2,2,3,6,6,7
Prices23.8,39.2,22.8,32.9,34.3,23.3,24.7,26.0,5.0,30.8,24.2,33.0
Revenue320
Efficiency91.11
Round: 9
Number of Bids153
Allocation0,5,5,8,1,1,1,4,8,4,4,8
Prices-.0,41.3,20.7,38.3,52.3,20.4,24.2,29.3,19.3,31.0,20.7,33.3
Revenue331
Efficiency87.74
Round: 10
Number of Bids158
Allocation8,5,5,8,1,1,1,8,8,6,6,8
Prices25.0,39.8,22.2,31.0,42.0,26.0,29.0,19.0,9.5,35.8,26.2,30.5
Revenue336
Efficiency92.31
Round: 11
Number of Bids160
Allocation8,5,5,8,1,1,1,8,8,6,6,8
Prices30.0,40.0,22.0,31.0,41.0,22.0,34.0,18.0,5.0,36.0,26.0,31.0
Revenue336
Efficiency92.31
Round: 12
Number of Bids162
Allocation8,5,5,7,1,1,1,7,8,6,6,8
Prices31.6,39.9,22.1,41.6,39.0,24.0,34.0,27.4,13.0,35.9,26.1,36.5
Revenue371
Efficiency98.08
Round: 13
Number of Bids162
Allocation8,5,5,7,1,1,1,7,8,6,6,8
Prices31.6,39.9,22.1,41.6,39.0,24.0,34.0,27.4,13.0,35.9,26.1,36.5
Revenue371
Efficiency98.08
Auction: 5
Number of Rounds12
Allocation1,1,1,6,7,4,3,4,3,6,3,6
Optimal Allocation5,2,1,6,1,4,1,4,3,4,3,6
Final Price35.5,13.0,36.5,10.0,33.0,35.4,39.9,26.6,37.5,35.7,28.6,30.3
Surplus430
Optimal Surplus453
Revenue362
Total Penalties0
Total Profits68
Efficiency (surplus/opt_surplus)94.92
Revenue Ratio (revenue/opt_surplus)79.91
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)79.91
Bidder Earnings8 , 0 , 9 , 19 , 0 , 27 , 5 , 0 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning8 , 0 , 9 , 19 , 0 , 27 , 5 , 0 ,
Round: 1
Number of Bids41
Allocation7,2,2,7,7,2,0,7,7,6,0,7
Prices11.0,5.0,5.0,11.0,11.0,5.0,-.0,11.0,15.0,5.0,-.0,11.0
Revenue90
Efficiency52.10
Round: 2
Number of Bids52
Allocation7,0,1,7,7,1,1,7,7,6,0,7
Prices20.9,-.0,10.1,11.0,11.0,10.0,4.9,15.9,25.1,5.0,-.0,26.0
Revenue140
Efficiency61.37
Round: 3
Number of Bids72
Allocation5,2,5,6,3,2,3,2,3,6,5,6
Prices12.7,6.7,16.7,12.7,19.3,15.0,6.7,19.3,30.0,13.3,16.7,16.0
Revenue185
Efficiency84.55
Round: 4
Number of Bids78
Allocation7,2,2,6,7,2,3,7,3,6,3,7
Prices19.5,11.5,21.2,9.5,22.5,20.3,11.5,12.1,21.9,16.5,11.5,32.9
Revenue211
Efficiency81.02
Round: 5
Number of Bids92
Allocation7,6,5,6,7,1,1,7,5,6,5,7
Prices30.0,17.0,26.0,5.0,14.6,25.0,17.0,17.0,24.4,31.0,19.6,25.4
Revenue252
Efficiency75.72
Round: 6
Number of Bids106
Allocation5,1,2,6,1,2,1,2,5,6,5,6
Prices28.7,22.6,30.7,6.7,19.7,30.6,21.7,21.7,29.7,40.7,24.6,28.6
Revenue306
Efficiency86.75
Round: 7
Number of Bids116
Allocation5,1,1,6,7,4,1,7,5,6,5,6
Prices19.0,19.7,28.3,5.0,25.0,36.0,27.0,26.0,34.4,46.0,29.6,25.0
Revenue321
Efficiency91.39
Round: 8
Number of Bids120
Allocation7,2,6,6,7,4,3,4,3,6,3,4
Prices26.0,5.0,20.5,5.0,32.0,39.3,49.0,29.9,31.5,36.5,25.5,32.8
Revenue333
Efficiency86.53
Round: 9
Number of Bids127
Allocation5,6,1,6,1,4,3,4,3,6,3,4
Prices31.0,10.0,28.9,5.0,33.1,39.9,39.7,30.1,37.0,38.0,29.3,32.0
Revenue354
Efficiency95.81
Round: 10
Number of Bids130
Allocation1,1,1,6,7,4,3,7,3,6,3,6
Prices35.0,11.0,39.0,10.0,23.0,36.0,40.0,28.0,38.0,35.4,28.0,30.6
Revenue354
Efficiency90.95
Round: 11
Number of Bids131
Allocation1,1,1,6,7,4,3,4,3,6,3,6
Prices35.5,13.0,36.5,10.0,33.0,35.4,39.9,26.6,37.5,35.7,28.6,30.3
Revenue362
Efficiency94.92
Round: 12
Number of Bids131
Allocation1,1,1,6,7,4,3,4,3,6,3,6
Prices35.5,13.0,36.5,10.0,33.0,35.4,39.9,26.6,37.5,35.7,28.6,30.3
Revenue362
Efficiency94.92
Auction: 6
Number of Rounds11
Allocation8,6,1,7,8,4,4,8,5,5,5,7
Optimal Allocation1,6,2,2,8,4,4,7,5,5,5,4
Final Price33.0,28.0,5.0,43.0,26.0,34.0,24.0,20.0,31.0,24.0,34.0,10.0
Surplus382
Optimal Surplus439
Revenue312
Total Penalties0
Total Profits70
Efficiency (surplus/opt_surplus)87.02
Revenue Ratio (revenue/opt_surplus)71.07
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)71.07
Bidder Earnings3 , 0 , 0 , 24 , 18 , 15 , 1 , 9 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning3 , 0 , 0 , 24 , 18 , 15 , 1 , 9 ,
Round: 1
Number of Bids55
Allocation8,2,2,8,8,2,1,8,8,4,4,4
Prices5.0,5.0,5.0,5.0,5.0,5.0,5.0,5.0,5.0,5.0,5.0,45.0
Revenue100
Efficiency71.53
Round: 2
Number of Bids77
Allocation8,6,6,8,8,1,1,8,8,6,0,8
Prices20.0,20.0,5.0,20.0,5.0,5.0,5.0,5.0,25.0,5.0,-.0,50.0
Revenue165
Efficiency60.59
Round: 3
Number of Bids88
Allocation7,6,6,7,7,4,4,7,3,3,6,7
Prices26.3,17.5,5.0,26.2,18.8,15.0,5.0,18.7,25.0,15.0,7.5,40.0
Revenue220
Efficiency79.73
Round: 4
Number of Bids99
Allocation7,6,6,7,7,1,1,7,5,5,5,7
Prices31.0,15.0,5.0,30.0,25.0,21.0,9.0,24.0,28.0,21.0,14.0,20.0
Revenue243
Efficiency84.28
Round: 5
Number of Bids103
Allocation1,6,6,8,8,1,1,8,3,3,4,4
Prices36.0,15.0,5.0,28.1,25.7,30.0,10.0,25.2,26.1,13.9,29.0,15.0
Revenue259
Efficiency79.73
Round: 6
Number of Bids110
Allocation1,6,5,8,8,1,1,8,5,5,4,4
Prices46.0,10.0,10.0,28.0,36.0,23.0,7.0,15.0,26.0,24.0,39.0,5.0
Revenue269
Efficiency83.37
Round: 7
Number of Bids116
Allocation1,6,6,7,8,1,1,8,8,6,4,4
Prices41.0,20.0,5.0,33.0,26.0,30.0,5.0,20.0,31.0,24.0,34.0,10.0
Revenue279
Efficiency76.77
Round: 8
Number of Bids118
Allocation1,6,6,7,8,1,1,8,8,6,4,4
Prices38.0,17.5,5.0,33.0,29.8,33.0,5.0,16.2,31.0,26.5,31.0,13.0
Revenue279
Efficiency76.77
Round: 9
Number of Bids120
Allocation8,6,1,7,8,4,4,8,5,5,5,7
Prices31.3,28.0,5.0,41.3,27.7,42.2,15.8,20.0,31.1,25.3,32.6,11.7
Revenue312
Efficiency87.02
Round: 10
Number of Bids121
Allocation8,6,1,7,8,4,4,8,5,5,5,7
Prices33.0,28.0,5.0,43.0,26.0,34.0,24.0,20.0,31.0,24.0,34.0,10.0
Revenue312
Efficiency87.02
Round: 11
Number of Bids121
Allocation8,6,1,7,8,4,4,8,5,5,5,7
Prices33.0,28.0,5.0,43.0,26.0,34.0,24.0,20.0,31.0,24.0,34.0,10.0
Revenue312
Efficiency87.02
Auction: 7
Number of Rounds9
Allocation7,2,2,8,7,3,3,2,7,4,3,4
Optimal Allocation8,1,6,8,3,1,3,2,7,5,3,4
Final Price24.0,24.0,38.0,17.0,32.0,35.0,21.0,38.0,27.0,10.0,19.0,46.0
Surplus424
Optimal Surplus451
Revenue331
Total Penalties0
Total Profits93
Efficiency (surplus/opt_surplus)94.01
Revenue Ratio (revenue/opt_surplus)73.39
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)73.39
Bidder Earnings0 , 4 , 44 , 16 , 0 , 0 , 19 , 10 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning0 , 4 , 44 , 16 , 0 , 0 , 19 , 10 ,
Round: 1
Number of Bids60
Allocation8,1,6,8,8,4,4,8,8,6,6,8
Prices11.7,5.0,5.0,11.7,11.7,15.0,15.0,11.7,11.7,5.0,5.0,11.7
Revenue120
Efficiency62.97
Round: 2
Number of Bids79
Allocation8,5,5,8,8,4,4,8,8,5,0,8
Prices20.3,12.5,12.5,20.3,27.0,15.0,15.0,27.0,20.3,5.0,-.0,20.3
Revenue195
Efficiency60.75
Round: 3
Number of Bids104
Allocation8,1,6,8,8,4,4,2,8,6,6,8
Prices25.0,5.0,33.0,25.0,32.0,13.0,17.0,32.0,26.0,.0,.0,25.0
Revenue233
Efficiency70.51
Round: 4
Number of Bids116
Allocation8,1,1,8,8,1,2,2,8,5,5,8
Prices25.0,10.0,38.0,21.0,32.0,18.0,22.0,37.0,25.0,5.0,5.0,30.0
Revenue268
Efficiency84.26
Round: 5
Number of Bids124
Allocation7,2,2,2,7,3,3,4,7,4,3,4
Prices25.3,15.6,32.2,12.3,32.3,19.1,23.1,52.3,25.3,1.7,17.8,38.1
Revenue295
Efficiency91.35
Round: 6
Number of Bids129
Allocation8,1,2,8,8,1,2,2,8,6,6,8
Prices25.0,17.2,36.3,16.8,32.0,27.8,14.8,45.9,25.0,11.5,17.5,34.2
Revenue304
Efficiency76.72
Round: 7
Number of Bids134
Allocation7,2,2,8,7,3,3,2,7,4,3,4
Prices25.3,18.6,37.5,17.0,32.3,26.4,26.9,43.9,25.3,12.1,21.6,43.9
Revenue331
Efficiency94.01
Round: 8
Number of Bids137
Allocation7,2,2,8,7,3,3,2,7,4,3,4
Prices24.0,24.0,38.0,17.0,32.0,35.0,21.0,38.0,27.0,10.0,19.0,46.0
Revenue331
Efficiency94.01
Round: 9
Number of Bids137
Allocation7,2,2,8,7,3,3,2,7,4,3,4
Prices24.0,24.0,38.0,17.0,32.0,35.0,21.0,38.0,27.0,10.0,19.0,46.0
Revenue331
Efficiency94.01