Experiment Definition

Experiment Name: SMRPB_LO_LC_WR Mar_10_06_evening_LEFT

Total Number Subjects: 8

Group Size: 8

Are Groups Synchronized?

Cash Exchange Rate: 0.4

Experiment Runtime Information

Experiment ID: 332

Experiment Starting Time: 2006-03-10 15:24:25.0

Total Number Of Participants: 8

Experiment Definition Id: 203

Experiment Experimenter Id: 134

Auction-- Statistics

AttributeGroup : 1 Statistics
Auction: 2
Number of Rounds9
Allocation7,1,5,7,8,2,1,7,8,4,5,8
Optimal Allocation7,1,6,7,3,3,1,4,8,4,5,8
Final Price19.0,32.7,30.0,34.0,28.5,29.0,15.3,33.0,37.5,43.0,15.0,27.0
Surplus390
Optimal Surplus400
Revenue344
Total Penalties0
Total Profits46
Efficiency (surplus/opt_surplus)97.50
Revenue Ratio (revenue/opt_surplus)86.00
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)86.00
Bidder Earnings27 , 3 , 0 , 1 , 18 , 0 , 9 , -12 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning27 , 3 , 0 , 1 , 18 , 0 , 9 , -12 ,
Round: 1
Number of Bids56
Allocation0,2,6,7,8,2,1,2,5,4,4,4
Prices-.0,25.0,25.0,5.0,5.0,5.0,5.0,10.0,5.0,16.7,16.7,16.7
Revenue135
Efficiency76.75
Round: 2
Number of Bids77
Allocation7,6,5,7,7,4,1,7,7,5,5,7
Prices8.7,25.0,27.1,10.0,11.2,10.0,5.0,15.0,10.0,22.9,22.9,17.1
Revenue185
Efficiency78.75
Round: 3
Number of Bids85
Allocation8,2,5,2,8,2,1,8,8,5,5,8
Prices14.4,31.7,25.0,14.2,18.1,14.2,5.0,22.5,10.0,28.0,20.0,22.0
Revenue225
Efficiency78.75
Round: 4
Number of Bids99
Allocation7,1,5,7,7,4,1,7,7,5,5,7
Prices19.0,31.0,22.3,19.0,26.0,10.0,16.0,30.0,15.0,33.0,17.7,22.0
Revenue261
Efficiency80.25
Round: 5
Number of Bids105
Allocation7,2,6,2,8,2,1,4,8,4,4,8
Prices19.0,32.7,25.0,17.9,36.6,24.4,5.0,34.4,16.0,38.6,13.0,25.5
Revenue288
Efficiency85.00
Round: 6
Number of Bids113
Allocation7,1,5,7,8,2,1,7,8,5,5,8
Prices24.0,31.0,25.0,24.0,21.0,29.0,17.0,38.0,35.0,38.0,10.0,22.0
Revenue314
Efficiency93.00
Round: 7
Number of Bids116
Allocation7,1,6,7,3,2,1,7,5,5,5,8
Prices21.2,34.4,25.0,29.0,26.0,29.0,13.6,35.8,30.0,43.0,10.0,22.0
Revenue319
Efficiency93.25
Round: 8
Number of Bids119
Allocation7,1,5,7,8,2,1,7,8,4,5,8
Prices19.0,32.7,30.0,34.0,28.5,29.0,15.3,33.0,37.5,43.0,15.0,27.0
Revenue344
Efficiency97.50
Round: 9
Number of Bids119
Allocation7,1,5,7,8,2,1,7,8,4,5,8
Prices19.0,32.7,30.0,34.0,28.5,29.0,15.3,33.0,37.5,43.0,15.0,27.0
Revenue344
Efficiency97.50
Auction: 3
Number of Rounds11
Allocation7,6,1,7,3,3,2,8,5,5,5,6
Optimal Allocation7,6,1,7,3,4,2,8,5,5,4,4
Final Price31.6,31.0,15.0,45.4,35.2,30.8,43.0,15.0,43.2,16.8,35.0,23.0
Surplus408
Optimal Surplus432
Revenue365
Total Penalties0
Total Profits43
Efficiency (surplus/opt_surplus)94.44
Revenue Ratio (revenue/opt_surplus)84.49
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)84.49
Bidder Earnings1 , 0 , 16 , 0 , 5 , 16 , -3 , 8 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning1 , 0 , 16 , 0 , 5 , 16 , -3 , 8 ,
Round: 1
Number of Bids52
Allocation7,6,5,2,1,2,2,8,5,5,6,6
Prices5.0,12.5,5.0,13.3,5.0,13.3,13.3,5.0,5.0,5.0,12.5,5.0
Revenue100
Efficiency83.80
Round: 2
Number of Bids77
Allocation7,0,0,7,3,3,4,8,3,5,4,4
Prices10.0,-.0,-.0,18.0,15.5,37.0,5.0,5.0,15.5,5.0,29.0,12.0
Revenue152
Efficiency82.41
Round: 3
Number of Bids97
Allocation1,2,0,2,1,1,2,7,5,5,5,8
Prices15.0,14.5,-.0,32.5,21.0,41.0,11.0,10.0,22.5,5.0,36.5,5.0
Revenue214
Efficiency68.29
Round: 4
Number of Bids120
Allocation7,6,5,7,3,3,4,8,3,6,6,4
Prices20.0,17.7,5.0,37.0,27.0,45.0,16.0,15.0,27.0,10.0,43.2,15.0
Revenue278
Efficiency90.51
Round: 5
Number of Bids132
Allocation7,0,0,7,7,4,4,7,5,5,5,4
Prices25.0,-.0,-.0,44.5,34.5,40.5,28.0,15.0,24.0,5.0,66.0,22.5
Revenue305
Efficiency75.46
Round: 6
Number of Bids137
Allocation7,6,1,6,3,4,4,8,3,3,6,4
Prices25.0,5.0,5.0,42.0,37.0,38.0,33.0,15.0,24.0,17.0,51.0,20.0
Revenue312
Efficiency92.36
Round: 7
Number of Bids141
Allocation7,6,6,7,3,4,4,8,3,3,6,4
Prices29.4,12.0,5.0,47.6,32.0,31.0,36.0,15.0,36.0,10.0,49.0,24.0
Revenue327
Efficiency94.21
Round: 8
Number of Bids144
Allocation7,6,6,7,3,4,4,8,3,3,6,4
Prices29.7,14.5,5.0,47.3,31.5,31.0,41.0,15.0,36.5,10.0,46.5,19.0
Revenue327
Efficiency94.21
Round: 9
Number of Bids146
Allocation7,5,1,7,1,1,4,8,5,5,4,4
Prices33.5,25.3,11.5,43.5,32.0,23.5,41.0,15.0,46.0,19.8,29.3,18.7
Revenue339
Efficiency88.19
Round: 10
Number of Bids150
Allocation7,6,1,7,3,3,2,8,5,5,5,6
Prices31.6,31.0,15.0,45.4,35.2,30.8,43.0,15.0,43.2,16.8,35.0,23.0
Revenue365
Efficiency94.44
Round: 11
Number of Bids150
Allocation7,6,1,7,3,3,2,8,5,5,5,6
Prices31.6,31.0,15.0,45.4,35.2,30.8,43.0,15.0,43.2,16.8,35.0,23.0
Revenue365
Efficiency94.44
Auction: 4
Number of Rounds14
Allocation7,6,6,6,8,4,2,8,5,5,5,8
Optimal Allocation7,6,1,6,8,4,2,8,5,5,4,8
Final Price30.0,34.8,34.3,20.0,20.0,31.0,25.0,38.0,27.0,15.0,41.0,39.0
Surplus414
Optimal Surplus435
Revenue355
Total Penalties0
Total Profits59
Efficiency (surplus/opt_surplus)95.17
Revenue Ratio (revenue/opt_surplus)81.61
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)81.61
Bidder Earnings0 , 1 , 0 , 8 , 11 , 28 , 9 , 2 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning0 , 1 , 0 , 8 , 11 , 28 , 9 , 2 ,
Round: 1
Number of Bids54
Allocation1,2,6,6,7,0,2,2,0,5,6,8
Prices5.0,16.7,10.0,10.0,5.0,-.0,16.7,16.7,-.0,5.0,10.0,5.0
Revenue100
Efficiency68.28
Round: 2
Number of Bids79
Allocation7,1,1,7,1,4,3,4,7,3,3,7
Prices10.0,20.2,16.8,15.0,10.0,5.0,22.0,22.0,5.0,5.0,20.0,10.0
Revenue161
Efficiency69.66
Round: 3
Number of Bids99
Allocation5,6,5,6,8,4,4,4,5,0,6,7
Prices13.3,25.0,25.3,21.7,15.0,5.0,19.3,33.7,8.3,-.0,23.3,10.0
Revenue200
Efficiency75.40
Round: 4
Number of Bids109
Allocation7,2,6,6,8,3,2,2,3,5,3,6
Prices18.0,40.5,15.0,27.0,15.0,5.5,17.0,35.5,21.5,5.0,25.0,15.0
Revenue240
Efficiency85.06
Round: 5
Number of Bids117
Allocation1,1,1,7,8,4,3,8,8,3,3,8
Prices25.0,27.7,26.3,20.0,16.7,5.0,15.7,49.7,20.7,5.0,26.3,20.0
Revenue258
Efficiency76.09
Round: 6
Number of Bids125
Allocation7,6,6,6,8,4,3,8,8,3,3,8
Prices30.0,29.0,40.0,20.0,15.0,5.0,10.0,54.0,17.0,.0,37.0,21.0
Revenue278
Efficiency83.45
Round: 7
Number of Bids130
Allocation7,2,6,6,8,3,2,2,3,5,3,6
Prices30.0,30.6,41.7,20.0,15.0,11.0,15.1,47.3,25.3,5.0,37.7,19.3
Revenue298
Efficiency85.06
Round: 8
Number of Bids136
Allocation7,2,6,6,8,4,2,4,5,5,5,6
Prices30.0,33.0,37.0,20.0,15.0,11.0,23.0,58.0,25.9,15.0,42.1,24.0
Revenue334
Efficiency87.36
Round: 9
Number of Bids140
Allocation7,6,6,6,8,4,1,8,5,5,5,8
Prices30.0,36.0,33.0,20.0,15.0,16.0,20.0,53.0,31.0,19.0,33.0,29.0
Revenue335
Efficiency94.71
Round: 10
Number of Bids143
Allocation7,6,6,6,8,4,2,8,5,5,5,8
Prices30.0,34.0,35.0,20.0,15.0,16.0,25.0,53.0,31.0,15.7,36.3,29.0
Revenue340
Efficiency95.17
Round: 11
Number of Bids146
Allocation7,6,6,6,8,4,2,8,5,5,5,8
Prices30.0,35.0,34.0,20.0,15.0,16.0,25.0,53.0,34.7,10.0,38.3,29.0
Revenue340
Efficiency95.17
Round: 12
Number of Bids149
Allocation7,6,6,6,8,3,2,8,5,5,5,8
Prices30.0,34.5,34.5,20.0,15.0,26.0,25.0,43.0,31.0,16.0,36.0,39.0
Revenue350
Efficiency92.64
Round: 13
Number of Bids152
Allocation7,6,6,6,8,4,2,8,5,5,5,8
Prices30.0,34.8,34.3,20.0,20.0,31.0,25.0,38.0,27.0,15.0,41.0,39.0
Revenue355
Efficiency95.17
Round: 14
Number of Bids152
Allocation7,6,6,6,8,4,2,8,5,5,5,8
Prices30.0,34.8,34.3,20.0,20.0,31.0,25.0,38.0,27.0,15.0,41.0,39.0
Revenue355
Efficiency95.17
Auction: 5
Number of Rounds12
Allocation1,2,1,6,3,1,4,4,3,4,3,8
Optimal Allocation5,2,1,6,3,3,4,4,5,4,3,8
Final Price18.3,22.0,17.4,29.0,17.3,49.4,23.6,23.6,43.9,15.8,43.9,27.0
Surplus420
Optimal Surplus435
Revenue331
Total Penalties0
Total Profits89
Efficiency (surplus/opt_surplus)96.55
Revenue Ratio (revenue/opt_surplus)76.09
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)76.09
Bidder Earnings19 , 2 , 16 , 41 , 0 , 4 , 0 , 7 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning19 , 2 , 16 , 41 , 0 , 4 , 0 , 7 ,
Round: 1
Number of Bids60
Allocation5,2,2,2,7,4,4,4,8,6,6,6
Prices5.0,6.7,6.7,26.7,5.0,18.3,18.3,18.3,5.0,6.7,21.7,21.7
Revenue160
Efficiency73.10
Round: 2
Number of Bids72
Allocation5,2,2,2,3,3,4,4,7,4,3,8
Prices5.0,9.2,11.7,19.2,19.2,28.3,22.9,22.9,10.0,17.1,27.5,27.0
Revenue220
Efficiency88.97
Round: 3
Number of Bids80
Allocation7,6,1,6,3,3,4,4,8,4,3,6
Prices5.0,5.0,17.0,23.0,14.8,33.0,23.9,23.9,15.0,15.2,27.3,27.0
Revenue230
Efficiency86.21
Round: 4
Number of Bids84
Allocation1,2,2,2,3,3,4,4,7,4,3,8
Prices10.0,5.0,32.0,23.0,34.0,19.0,23.4,23.4,10.0,16.1,22.0,27.0
Revenue245
Efficiency87.59
Round: 5
Number of Bids89
Allocation1,2,2,2,3,3,4,4,8,4,3,8
Prices10.0,5.0,31.5,23.5,24.0,28.5,23.7,23.7,20.0,15.7,22.5,27.0
Revenue255
Efficiency90.11
Round: 6
Number of Bids92
Allocation1,2,2,2,3,3,4,4,8,4,3,8
Prices10.0,3.4,32.6,24.0,24.0,27.4,23.6,23.6,20.0,15.9,23.6,27.0
Revenue255
Efficiency90.11
Round: 7
Number of Bids94
Allocation1,5,1,6,7,1,4,4,5,4,5,8
Prices17.2,6.8,28.0,29.0,5.0,39.8,23.6,23.6,40.0,15.8,30.2,27.0
Revenue286
Efficiency90.80
Round: 8
Number of Bids97
Allocation1,5,1,6,8,1,4,4,5,4,5,8
Prices12.0,17.0,28.0,29.0,15.0,45.0,23.6,23.6,30.0,15.8,30.0,27.0
Revenue296
Efficiency90.80
Round: 9
Number of Bids99
Allocation1,5,1,6,8,1,4,4,5,4,5,8
Prices10.0,17.0,19.0,29.0,15.0,56.0,23.6,23.6,30.0,15.8,30.0,27.0
Revenue296
Efficiency90.80
Round: 10
Number of Bids100
Allocation1,2,1,6,3,1,4,4,3,4,3,8
Prices11.0,22.0,23.5,29.0,25.0,50.5,23.6,23.6,40.0,15.8,40.0,27.0
Revenue331
Efficiency96.55
Round: 11
Number of Bids102
Allocation1,2,1,6,3,1,4,4,3,4,3,8
Prices18.3,22.0,17.4,29.0,17.3,49.4,23.6,23.6,43.9,15.8,43.9,27.0
Revenue331
Efficiency96.55
Round: 12
Number of Bids102
Allocation1,2,1,6,3,1,4,4,3,4,3,8
Prices18.3,22.0,17.4,29.0,17.3,49.4,23.6,23.6,43.9,15.8,43.9,27.0
Revenue331
Efficiency96.55
Auction: 6
Number of Rounds9
Allocation8,1,2,2,8,2,4,8,8,4,4,8
Optimal Allocation7,1,2,2,8,2,3,8,5,4,4,4
Final Price35.9,20.0,21.0,11.7,28.1,27.3,37.0,30.1,18.9,29.0,5.0,36.0
Surplus403
Optimal Surplus451
Revenue300
Total Penalties0
Total Profits103
Efficiency (surplus/opt_surplus)89.36
Revenue Ratio (revenue/opt_surplus)66.52
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)66.52
Bidder Earnings12 , 52 , 0 , 31 , 0 , 0 , 0 , 8 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning12 , 52 , 0 , 31 , 0 , 0 , 0 , 8 ,
Round: 1
Number of Bids64
Allocation1,1,2,2,3,2,4,8,3,4,3,4
Prices5.0,5.0,15.0,15.0,5.0,15.0,5.0,5.0,5.0,40.0,5.0,10.0
Revenue130
Efficiency81.60
Round: 2
Number of Bids78
Allocation1,1,2,2,7,2,1,8,5,6,6,6
Prices10.0,5.0,20.0,25.0,10.0,.0,15.0,5.0,5.0,35.0,10.0,25.0
Revenue165
Efficiency81.15
Round: 3
Number of Bids90
Allocation7,5,5,8,7,4,4,4,5,6,6,6
Prices15.0,5.0,17.5,5.0,15.0,7.5,10.0,22.5,22.5,35.0,5.0,30.0
Revenue190
Efficiency62.31
Round: 4
Number of Bids103
Allocation1,1,2,2,8,2,1,8,8,6,6,6
Prices20.3,9.7,16.3,15.7,24.2,28.0,15.0,25.4,25.4,35.0,6.0,29.0
Revenue250
Efficiency81.60
Round: 5
Number of Bids111
Allocation8,5,2,2,8,2,4,8,8,4,4,8
Prices26.0,5.0,19.0,12.4,28.0,28.6,22.3,31.0,27.9,42.1,6.6,36.1
Revenue285
Efficiency84.92
Round: 6
Number of Bids115
Allocation8,1,2,2,8,2,4,8,8,4,4,8
Prices36.0,5.0,21.0,11.8,28.4,27.2,27.0,30.6,19.0,38.8,5.2,35.0
Revenue285
Efficiency89.36
Round: 7
Number of Bids116
Allocation8,5,2,2,8,2,4,8,8,4,4,8
Prices36.0,5.0,21.0,11.6,28.0,27.4,37.0,30.0,19.0,29.0,5.0,36.0
Revenue285
Efficiency84.92
Round: 8
Number of Bids117
Allocation8,1,2,2,8,2,4,8,8,4,4,8
Prices35.9,20.0,21.0,11.7,28.1,27.3,37.0,30.1,18.9,29.0,5.0,36.0
Revenue300
Efficiency89.36
Round: 9
Number of Bids117
Allocation8,1,2,2,8,2,4,8,8,4,4,8
Prices35.9,20.0,21.0,11.7,28.1,27.3,37.0,30.1,18.9,29.0,5.0,36.0
Revenue300
Efficiency89.36
Auction: 7
Number of Rounds11
Allocation7,5,2,2,8,4,3,2,5,5,4,4
Optimal Allocation7,5,5,7,8,1,3,7,5,4,4,4
Final Price45.0,37.3,27.0,38.0,28.0,31.9,20.0,41.0,20.6,40.1,37.6,15.5
Surplus433
Optimal Surplus453
Revenue382
Total Penalties0
Total Profits51
Efficiency (surplus/opt_surplus)95.58
Revenue Ratio (revenue/opt_surplus)84.33
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)84.33
Bidder Earnings0 , 0 , 8 , 18 , 13 , 0 , 0 , 12 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning0 , 0 , 8 , 18 , 13 , 0 , 0 , 12 ,
Round: 1
Number of Bids68
Allocation5,2,1,2,8,3,3,2,3,4,4,4
Prices5.0,11.3,5.0,11.3,5.0,10.0,.0,22.5,5.0,22.5,22.5,10.0
Revenue130
Efficiency88.08
Round: 2
Number of Bids82
Allocation7,5,5,7,1,1,1,7,5,6,6,6
Prices14.1,6.0,12.5,17.0,12.5,17.5,.0,22.9,17.5,32.5,32.5,5.0
Revenue190
Efficiency91.17
Round: 3
Number of Bids100
Allocation7,6,6,7,7,4,0,7,7,6,4,4
Prices19.0,13.9,16.7,22.0,13.0,27.0,-.0,32.0,23.0,35.4,30.1,12.9
Revenue245
Efficiency74.61
Round: 4
Number of Bids114
Allocation7,5,5,7,1,1,1,7,5,6,6,6
Prices24.0,15.6,22.8,27.0,20.6,29.4,5.0,37.0,30.6,29.4,27.8,12.8
Revenue282
Efficiency91.17
Round: 5
Number of Bids125
Allocation7,2,6,2,8,3,3,2,3,6,6,8
Prices29.0,18.2,15.7,33.4,23.2,18.0,13.8,43.4,33.2,32.2,32.2,19.8
Revenue312
Efficiency84.77
Round: 6
Number of Bids132
Allocation7,5,5,7,1,1,1,7,5,4,4,4
Prices34.5,19.6,14.8,38.2,23.2,31.8,15.0,48.2,34.6,33.3,31.8,19.8
Revenue345
Efficiency97.57
Round: 7
Number of Bids138
Allocation7,5,1,7,8,4,3,7,5,5,4,4
Prices40.0,37.0,5.0,39.0,28.0,25.0,20.0,42.0,20.0,41.0,41.0,19.0
Revenue357
Efficiency97.13
Round: 8
Number of Bids142
Allocation7,5,6,7,8,4,3,7,5,5,4,4
Prices40.0,39.0,10.0,39.0,28.0,30.5,20.0,42.0,20.0,39.0,38.5,16.0
Revenue362
Efficiency97.13
Round: 9
Number of Bids148
Allocation7,5,2,2,8,4,3,2,5,5,4,4
Prices45.0,35.6,21.6,40.7,28.0,33.4,20.0,43.7,21.2,41.2,36.6,15.0
Revenue382
Efficiency95.58
Round: 10
Number of Bids150
Allocation7,5,2,2,8,4,3,2,5,5,4,4
Prices45.0,37.3,27.0,38.0,28.0,31.9,20.0,41.0,20.6,40.1,37.6,15.5
Revenue382
Efficiency95.58
Round: 11
Number of Bids150
Allocation7,5,2,2,8,4,3,2,5,5,4,4
Prices45.0,37.3,27.0,38.0,28.0,31.9,20.0,41.0,20.6,40.1,37.6,15.5
Revenue382
Efficiency95.58