Experiment Definition

Experiment Name: SMRPB_HO_HC_WR Mar_11_06_evening_LEFT

Total Number Subjects: 8

Group Size: 8

Are Groups Synchronized?

Cash Exchange Rate: 0.4

Experiment Runtime Information

Experiment ID: 334

Experiment Starting Time: 2006-03-11 14:50:41.0

Total Number Of Participants: 8

Experiment Definition Id: 206

Experiment Experimenter Id: 134

Auction-- Statistics

AttributeGroup : 1 Statistics
Auction: 2
Number of Rounds8
Allocation7,6,6,7,7,4,4,7,7,6,4,7
Optimal Allocation7,5,5,7,7,4,1,7,7,6,4,7
Final Price57.5,35.9,33.0,54.6,74.6,17.2,33.0,53.2,67.9,38.1,39.7,58.2
Surplus639
Optimal Surplus663
Revenue563
Total Penalties0
Total Profits76
Efficiency (surplus/opt_surplus)96.38
Revenue Ratio (revenue/opt_surplus)84.92
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)84.92
Bidder Earnings0 , 0 , 0 , 22 , 0 , 2 , 52 , 0 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning0 , 0 , 0 , 22 , 0 , 2 , 52 , 0 ,
Round: 1
Number of Bids61
Allocation7,0,6,6,1,1,1,7,7,6,3,7
Prices22.5,-.0,32.5,12.5,25.0,10.0,20.0,2.5,25.0,10.0,25.0,10.0
Revenue195
Efficiency79.94
Round: 2
Number of Bids86
Allocation7,6,6,6,7,4,1,7,7,4,4,7
Prices30.4,15.1,46.8,48.1,45.1,14.9,20.0,20.4,45.1,15.1,29.9,24.1
Revenue355
Efficiency92.61
Round: 3
Number of Bids93
Allocation7,5,5,7,7,4,4,7,7,5,4,7
Prices47.7,18.3,50.4,51.6,56.3,15.8,23.4,32.7,56.3,23.3,30.8,38.4
Revenue445
Efficiency98.19
Round: 4
Number of Bids100
Allocation7,6,6,7,7,4,4,7,7,6,4,7
Prices39.5,23.9,55.0,50.3,61.9,23.5,28.1,37.7,51.2,28.1,38.5,42.4
Revenue480
Efficiency96.38
Round: 5
Number of Bids106
Allocation7,6,6,7,7,4,4,7,7,6,4,7
Prices47.5,29.7,43.0,54.8,63.0,16.0,33.0,42.4,57.6,34.3,41.0,47.6
Revenue510
Efficiency96.38
Round: 6
Number of Bids109
Allocation7,5,6,6,7,4,4,7,7,6,4,7
Prices51.0,35.0,37.0,38.0,69.9,18.5,33.0,47.6,61.9,35.0,38.5,52.5
Revenue518
Efficiency94.12
Round: 7
Number of Bids112
Allocation7,6,6,7,7,4,4,7,7,6,4,7
Prices57.5,35.9,33.0,54.6,74.6,17.2,33.0,53.2,67.9,38.1,39.7,58.2
Revenue563
Efficiency96.38
Round: 8
Number of Bids112
Allocation7,6,6,7,7,4,4,7,7,6,4,7
Prices57.5,35.9,33.0,54.6,74.6,17.2,33.0,53.2,67.9,38.1,39.7,58.2
Revenue563
Efficiency96.38
Auction: 3
Number of Rounds8
Allocation7,6,5,7,7,3,1,7,7,5,5,7
Optimal Allocation7,2,2,7,7,2,4,7,7,5,5,7
Final Price57.2,35.0,19.0,54.0,45.1,25.0,26.0,21.8,40.9,21.1,51.9,48.0
Surplus503
Optimal Surplus541
Revenue445
Total Penalties0
Total Profits58
Efficiency (surplus/opt_surplus)92.98
Revenue Ratio (revenue/opt_surplus)82.26
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)82.26
Bidder Earnings2 , 0 , 10 , 0 , 18 , 5 , 23 , 0 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning2 , 0 , 10 , 0 , 18 , 5 , 23 , 0 ,
Round: 1
Number of Bids54
Allocation7,6,0,7,7,3,0,7,7,0,6,6
Prices.0,15.0,-.0,25.0,20.0,25.0,-.0,.0,25.0,-.0,15.0,25.0
Revenue150
Efficiency69.13
Round: 2
Number of Bids75
Allocation7,6,6,6,7,4,4,7,7,3,4,7
Prices11.1,42.7,20.0,37.3,21.2,28.8,16.2,.0,25.3,10.0,30.0,37.3
Revenue280
Efficiency80.22
Round: 3
Number of Bids89
Allocation7,6,5,7,7,3,4,7,7,5,5,7
Prices44.0,5.0,21.0,31.0,35.0,25.0,21.0,.0,26.0,15.0,39.0,66.0
Revenue328
Efficiency93.35
Round: 4
Number of Bids93
Allocation8,6,5,8,8,3,4,8,8,5,5,8
Prices39.0,25.0,25.0,50.0,37.1,25.0,21.0,8.7,34.3,12.9,37.1,62.9
Revenue378
Efficiency90.76
Round: 5
Number of Bids99
Allocation7,6,6,7,7,4,4,7,7,3,6,7
Prices49.8,35.0,26.0,48.8,44.4,24.0,21.0,12.7,38.5,10.0,41.0,72.8
Revenue424
Efficiency88.72
Round: 6
Number of Bids105
Allocation7,1,5,7,7,3,1,7,7,5,5,7
Prices56.4,30.0,28.7,54.0,44.3,25.0,26.0,22.6,41.7,16.3,47.0,48.0
Revenue440
Efficiency91.50
Round: 7
Number of Bids107
Allocation7,6,5,7,7,3,1,7,7,5,5,7
Prices57.2,35.0,19.0,54.0,45.1,25.0,26.0,21.8,40.9,21.1,51.9,48.0
Revenue445
Efficiency92.98
Round: 8
Number of Bids107
Allocation7,6,5,7,7,3,1,7,7,5,5,7
Prices57.2,35.0,19.0,54.0,45.1,25.0,26.0,21.8,40.9,21.1,51.9,48.0
Revenue445
Efficiency92.98
Auction: 4
Number of Rounds7
Allocation8,5,5,8,8,2,2,8,8,6,6,8
Optimal Allocation7,5,5,7,7,1,1,7,7,6,6,7
Final Price37.5,29.8,25.2,61.4,68.7,19.7,35.3,45.0,23.8,35.0,35.0,43.6
Surplus529
Optimal Surplus549
Revenue460
Total Penalties0
Total Profits69
Efficiency (surplus/opt_surplus)96.36
Revenue Ratio (revenue/opt_surplus)83.79
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)83.79
Bidder Earnings0 , 12 , 0 , 0 , 28 , 11 , 0 , 18 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning0 , 12 , 0 , 0 , 28 , 11 , 0 , 18 ,
Round: 1
Number of Bids43
Allocation0,6,6,6,1,1,1,0,3,3,3,0
Prices-.0,10.0,10.0,35.0,35.0,10.0,10.0,-.0,.0,30.0,15.0,-.0
Revenue155
Efficiency58.47
Round: 2
Number of Bids69
Allocation7,6,6,7,7,2,2,7,3,3,6,7
Prices15.0,17.5,17.5,45.0,40.0,25.0,30.0,5.0,5.0,35.0,25.0,35.0
Revenue295
Efficiency91.07
Round: 3
Number of Bids84
Allocation7,1,1,7,7,2,2,7,7,6,6,7
Prices20.0,23.0,22.0,46.3,55.0,25.0,30.0,20.0,10.0,40.0,30.0,23.8
Revenue345
Efficiency93.99
Round: 4
Number of Bids90
Allocation8,5,5,8,8,2,2,8,8,6,6,8
Prices25.0,30.4,24.6,48.1,55.0,22.4,32.6,35.0,10.0,35.0,35.0,31.9
Revenue385
Efficiency96.36
Round: 5
Number of Bids95
Allocation7,5,5,7,7,2,2,7,7,6,6,7
Prices32.5,29.2,25.8,57.2,65.0,17.0,38.0,37.5,20.0,35.0,35.0,37.8
Revenue430
Efficiency98.91
Round: 6
Number of Bids97
Allocation8,5,5,8,8,2,2,8,8,6,6,8
Prices37.5,29.8,25.2,61.4,68.7,19.7,35.3,45.0,23.8,35.0,35.0,43.6
Revenue460
Efficiency96.36
Round: 7
Number of Bids97
Allocation8,5,5,8,8,2,2,8,8,6,6,8
Prices37.5,29.8,25.2,61.4,68.7,19.7,35.3,45.0,23.8,35.0,35.0,43.6
Revenue460
Efficiency96.36
Auction: 5
Number of Rounds11
Allocation7,2,1,7,7,4,4,7,3,3,3,7
Optimal Allocation7,1,1,7,7,4,1,7,3,4,3,7
Final Price37.0,10.0,38.0,22.4,37.0,35.0,35.0,38.0,36.6,36.0,37.4,40.6
Surplus465
Optimal Surplus486
Revenue403
Total Penalties0
Total Profits62
Efficiency (surplus/opt_surplus)95.68
Revenue Ratio (revenue/opt_surplus)82.92
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)82.92
Bidder Earnings7 , 8 , 18 , 6 , 0 , 0 , 23 , 0 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning7 , 8 , 18 , 6 , 0 , 0 , 23 , 0 ,
Round: 1
Number of Bids61
Allocation7,2,6,7,7,2,0,7,3,3,6,7
Prices.0,10.0,.0,20.0,30.0,35.0,-.0,.0,30.0,15.0,10.0,20.0
Revenue170
Efficiency72.43
Round: 2
Number of Bids82
Allocation8,2,6,8,8,2,0,8,8,3,3,8
Prices37.5,10.0,5.0,30.0,52.5,35.0,-.0,.0,30.0,33.8,31.2,20.0
Revenue285
Efficiency65.02
Round: 3
Number of Bids101
Allocation7,2,6,6,7,2,3,7,3,6,3,7
Prices40.0,10.3,17.7,35.0,54.2,34.7,25.3,12.9,47.5,31.3,38.2,32.9
Revenue380
Efficiency87.86
Round: 4
Number of Bids108
Allocation7,2,1,7,7,2,1,7,3,3,3,7
Prices55.0,15.0,13.0,33.0,42.0,30.0,40.0,18.0,37.5,39.0,33.5,27.0
Revenue383
Efficiency96.09
Round: 5
Number of Bids115
Allocation7,2,2,7,7,4,4,7,3,3,3,7
Prices45.0,20.0,18.0,22.0,32.0,25.0,45.0,37.0,35.0,44.0,31.0,39.0
Revenue393
Efficiency92.18
Round: 6
Number of Bids117
Allocation7,2,2,7,7,4,4,7,3,3,3,7
Prices45.0,15.0,23.0,22.0,39.5,25.0,45.0,33.0,35.0,42.1,32.9,35.5
Revenue393
Efficiency92.18
Round: 7
Number of Bids118
Allocation7,2,2,7,7,4,4,7,3,3,3,7
Prices45.0,15.0,23.0,22.0,35.8,25.0,45.0,35.0,35.0,43.1,31.9,37.3
Revenue393
Efficiency92.18
Round: 8
Number of Bids119
Allocation7,6,1,7,7,4,4,7,3,3,3,7
Prices40.0,5.0,38.0,22.3,34.5,32.5,37.5,38.0,36.2,36.5,37.3,40.2
Revenue398
Efficiency93.62
Round: 9
Number of Bids122
Allocation7,2,1,7,7,4,4,7,3,3,3,7
Prices37.0,10.0,38.0,22.3,37.0,35.0,35.0,38.0,36.7,36.0,37.3,40.7
Revenue403
Efficiency95.68
Round: 10
Number of Bids123
Allocation7,2,1,7,7,4,4,7,3,3,3,7
Prices37.0,10.0,38.0,22.4,37.0,35.0,35.0,38.0,36.6,36.0,37.4,40.6
Revenue403
Efficiency95.68
Round: 11
Number of Bids123
Allocation7,2,1,7,7,4,4,7,3,3,3,7
Prices37.0,10.0,38.0,22.4,37.0,35.0,35.0,38.0,36.6,36.0,37.4,40.6
Revenue403
Efficiency95.68
Auction: 6
Number of Rounds9
Allocation7,2,2,7,7,4,4,7,5,5,5,7
Optimal Allocation7,6,2,7,7,4,4,7,5,5,5,7
Final Price55.0,38.9,19.1,71.6,45.0,40.0,10.0,29.3,56.0,23.9,35.1,16.1
Surplus547
Optimal Surplus549
Revenue440
Total Penalties0
Total Profits107
Efficiency (surplus/opt_surplus)99.64
Revenue Ratio (revenue/opt_surplus)80.15
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)80.15
Bidder Earnings0 , 9 , 0 , 42 , 16 , 0 , 40 , 0 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning0 , 9 , 0 , 42 , 16 , 0 , 40 , 0 ,
Round: 1
Number of Bids48
Allocation7,6,6,7,7,1,1,7,3,6,3,7
Prices13.7,5.0,5.0,13.8,13.7,25.0,15.0,15.0,30.0,5.0,15.0,13.8
Revenue170
Efficiency83.61
Round: 2
Number of Bids64
Allocation7,6,0,7,7,4,4,7,7,6,6,7
Prices19.0,28.0,-.0,51.0,11.0,30.0,20.0,20.0,38.0,7.0,20.0,11.0
Revenue255
Efficiency85.25
Round: 3
Number of Bids71
Allocation7,6,0,7,7,4,4,7,7,6,6,7
Prices34.0,13.0,-.0,68.0,.0,30.0,20.0,30.0,38.0,22.0,20.0,10.0
Revenue285
Efficiency85.25
Round: 4
Number of Bids83
Allocation7,5,2,7,7,4,4,7,7,5,5,7
Prices36.2,18.0,15.0,86.0,15.2,30.0,20.0,34.7,47.7,22.0,30.0,20.2
Revenue375
Efficiency93.81
Round: 5
Number of Bids90
Allocation8,2,2,2,8,4,4,8,5,5,5,0
Prices36.9,28.0,20.0,71.0,30.0,30.0,20.0,34.1,58.0,22.0,35.0,-.0
Revenue385
Efficiency85.79
Round: 6
Number of Bids97
Allocation7,2,2,7,7,4,4,7,5,5,5,7
Prices39.6,31.8,26.2,81.6,45.0,30.0,20.0,37.5,55.4,24.5,35.1,13.2
Revenue440
Efficiency99.64
Round: 7
Number of Bids99
Allocation7,2,2,7,7,4,4,7,5,5,5,7
Prices55.0,39.5,18.5,71.0,45.0,30.0,20.0,30.5,56.7,23.3,35.0,15.5
Revenue440
Efficiency99.64
Round: 8
Number of Bids100
Allocation7,2,2,7,7,4,4,7,5,5,5,7
Prices55.0,38.9,19.1,71.6,45.0,40.0,10.0,29.3,56.0,23.9,35.1,16.1
Revenue440
Efficiency99.64
Round: 9
Number of Bids100
Allocation7,2,2,7,7,4,4,7,5,5,5,7
Prices55.0,38.9,19.1,71.6,45.0,40.0,10.0,29.3,56.0,23.9,35.1,16.1
Revenue440
Efficiency99.64
Auction: 7
Number of Rounds6
Allocation7,5,5,7,7,3,3,7,7,5,3,7
Optimal Allocation7,1,1,7,7,3,3,7,7,5,3,7
Final Price32.8,30.7,38.3,46.7,68.3,43.0,43.0,54.1,63.8,11.0,34.0,54.3
Surplus572
Optimal Surplus590
Revenue520
Total Penalties0
Total Profits52
Efficiency (surplus/opt_surplus)96.95
Revenue Ratio (revenue/opt_surplus)88.14
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)88.14
Bidder Earnings0 , 0 , 9 , 0 , 17 , 0 , 26 , 0 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning0 , 0 , 9 , 0 , 17 , 0 , 26 , 0 ,
Round: 1
Number of Bids47
Allocation7,2,2,2,7,3,3,7,7,4,4,7
Prices.0,15.0,25.0,10.0,22.5,22.5,22.5,20.0,17.5,25.0,20.0,10.0
Revenue210
Efficiency88.64
Round: 2
Number of Bids68
Allocation7,5,5,7,7,3,3,4,7,5,3,7
Prices7.8,15.2,21.2,13.8,35.0,32.5,32.5,30.0,47.0,43.7,20.0,36.3
Revenue335
Efficiency86.27
Round: 3
Number of Bids83
Allocation7,5,5,7,7,3,3,7,7,5,3,7
Prices19.6,20.4,28.4,36.1,56.8,46.6,46.6,40.7,47.9,31.1,26.8,38.9
Revenue440
Efficiency96.95
Round: 4
Number of Bids87
Allocation8,5,5,8,8,3,3,8,8,5,3,8
Prices24.3,26.0,33.0,35.5,58.1,45.9,45.9,45.9,58.0,21.0,28.1,48.1
Revenue470
Efficiency86.78
Round: 5
Number of Bids92
Allocation7,5,5,7,7,3,3,7,7,5,3,7
Prices32.8,30.7,38.3,46.7,68.3,43.0,43.0,54.1,63.8,11.0,34.0,54.3
Revenue520
Efficiency96.95
Round: 6
Number of Bids92
Allocation7,5,5,7,7,3,3,7,7,5,3,7
Prices32.8,30.7,38.3,46.7,68.3,43.0,43.0,54.1,63.8,11.0,34.0,54.3
Revenue520
Efficiency96.95