Experiment Definition

Experiment Name: SMR_LO_HC_WR Mar_05_06

Total Number Subjects: 8

Group Size: 8

Are Groups Synchronized?

Cash Exchange Rate: 0.4

Experiment Runtime Information

Experiment ID: 316

Experiment Starting Time: 2006-03-05 14:48:55.0

Total Number Of Participants: 8

Experiment Definition Id: 189

Experiment Experimenter Id: 134

Auction-- Statistics

AttributeGroup : 1 Statistics
Auction: 2
Number of Rounds9
Allocation7,1,1,7,7,3,1,7,8,4,5,8
Optimal Allocation7,1,1,7,7,3,1,7,8,4,5,8
Final Price25.0,30.0,25.0,30.0,35.0,35.0,30.0,40.0,25.0,35.0,35.0,25.0
Surplus470
Optimal Surplus470
Revenue370
Total Penalties0
Total Profits100
Efficiency (surplus/opt_surplus)100.00
Revenue Ratio (revenue/opt_surplus)78.72
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)78.72
Bidder Earnings21 , 0 , 0 , 9 , 3 , 0 , 50 , 17 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning21 , 0 , 0 , 9 , 3 , 0 , 50 , 17 ,
Round: 1
Number of Bids30
Allocation8,1,5,7,8,3,1,4,8,5,5,8
Prices10.0,20.0,20.0,30.0,15.0,5.0,20.0,15.0,10.0,20.0,25.0,10.0
Revenue200
Efficiency86.60
Round: 2
Number of Bids44
Allocation7,2,1,7,3,2,1,7,8,3,5,6
Prices15.0,25.0,25.0,30.0,20.0,10.0,20.0,20.0,10.0,25.0,25.0,15.0
Revenue240
Efficiency84.26
Round: 3
Number of Bids54
Allocation7,1,1,7,8,3,1,2,5,4,5,4
Prices15.0,30.0,25.0,30.0,25.0,15.0,20.0,25.0,20.0,30.0,25.0,20.0
Revenue280
Efficiency83.40
Round: 4
Number of Bids62
Allocation7,1,1,7,3,2,3,7,8,4,5,8
Prices15.0,30.0,25.0,30.0,30.0,20.0,25.0,30.0,25.0,30.0,25.0,25.0
Revenue310
Efficiency90.85
Round: 5
Number of Bids67
Allocation1,1,1,7,7,3,3,4,8,4,4,8
Prices20.0,30.0,25.0,30.0,35.0,25.0,25.0,35.0,25.0,30.0,30.0,25.0
Revenue335
Efficiency82.34
Round: 6
Number of Bids71
Allocation7,1,6,7,7,2,3,7,8,4,5,8
Prices25.0,30.0,25.0,30.0,35.0,30.0,25.0,40.0,25.0,30.0,35.0,25.0
Revenue355
Efficiency93.19
Round: 7
Number of Bids73
Allocation7,1,1,7,7,3,1,7,8,4,5,8
Prices25.0,30.0,25.0,30.0,35.0,35.0,30.0,40.0,25.0,30.0,35.0,25.0
Revenue365
Efficiency100.00
Round: 8
Number of Bids74
Allocation7,1,1,7,7,3,1,7,8,4,5,8
Prices25.0,30.0,25.0,30.0,35.0,35.0,30.0,40.0,25.0,35.0,35.0,25.0
Revenue370
Efficiency100.00
Round: 9
Number of Bids74
Allocation7,1,1,7,7,3,1,7,8,4,5,8
Prices25.0,30.0,25.0,30.0,35.0,35.0,30.0,40.0,25.0,35.0,35.0,25.0
Revenue370
Efficiency100.00
Auction: 3
Number of Rounds11
Allocation7,6,1,7,7,4,2,7,3,3,4,4
Optimal Allocation7,6,6,7,7,4,2,7,5,5,4,4
Final Price30.0,20.0,15.0,40.0,45.0,40.0,30.0,30.0,40.0,35.0,50.0,35.0
Surplus490
Optimal Surplus501
Revenue410
Total Penalties0
Total Profits80
Efficiency (surplus/opt_surplus)97.80
Revenue Ratio (revenue/opt_surplus)81.84
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)81.84
Bidder Earnings1 , 13 , 0 , 4 , 0 , 20 , 42 , 0 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning1 , 13 , 0 , 4 , 0 , 20 , 42 , 0 ,
Round: 1
Number of Bids30
Allocation5,2,6,7,7,1,1,7,5,5,4,4
Prices15.0,5.0,10.0,10.0,20.0,15.0,10.0,20.0,25.0,20.0,20.0,15.0
Revenue185
Efficiency78.44
Round: 2
Number of Bids42
Allocation7,6,6,2,3,4,3,8,5,5,4,4
Prices20.0,10.0,10.0,15.0,25.0,25.0,15.0,25.0,25.0,20.0,20.0,15.0
Revenue225
Efficiency83.83
Round: 3
Number of Bids53
Allocation7,5,6,7,1,1,1,7,5,3,4,6
Prices20.0,15.0,10.0,20.0,30.0,30.0,20.0,30.0,25.0,25.0,20.0,20.0
Revenue265
Efficiency83.63
Round: 4
Number of Bids62
Allocation7,6,6,7,8,3,4,7,5,5,4,4
Prices20.0,20.0,10.0,20.0,40.0,35.0,25.0,30.0,25.0,30.0,20.0,25.0
Revenue300
Efficiency92.81
Round: 5
Number of Bids70
Allocation1,6,1,7,7,3,2,7,3,5,3,4
Prices25.0,20.0,15.0,20.0,45.0,35.0,30.0,30.0,30.0,30.0,25.0,25.0
Revenue330
Efficiency87.23
Round: 6
Number of Bids76
Allocation7,6,1,6,7,4,2,7,5,5,6,4
Prices30.0,20.0,15.0,25.0,45.0,40.0,30.0,30.0,35.0,30.0,30.0,25.0
Revenue355
Efficiency87.82
Round: 7
Number of Bids81
Allocation7,6,1,7,7,4,2,7,3,3,3,4
Prices30.0,20.0,15.0,30.0,45.0,40.0,30.0,30.0,40.0,35.0,35.0,25.0
Revenue375
Efficiency97.41
Round: 8
Number of Bids84
Allocation7,6,1,6,7,4,2,7,3,3,4,6
Prices30.0,20.0,15.0,35.0,45.0,40.0,30.0,30.0,40.0,35.0,40.0,30.0
Revenue390
Efficiency87.43
Round: 9
Number of Bids87
Allocation7,6,1,7,7,4,2,7,3,3,3,4
Prices30.0,20.0,15.0,40.0,45.0,40.0,30.0,30.0,40.0,35.0,45.0,35.0
Revenue405
Efficiency97.41
Round: 10
Number of Bids88
Allocation7,6,1,7,7,4,2,7,3,3,4,4
Prices30.0,20.0,15.0,40.0,45.0,40.0,30.0,30.0,40.0,35.0,50.0,35.0
Revenue410
Efficiency97.80
Round: 11
Number of Bids88
Allocation7,6,1,7,7,4,2,7,3,3,4,4
Prices30.0,20.0,15.0,40.0,45.0,40.0,30.0,30.0,40.0,35.0,50.0,35.0
Revenue410
Efficiency97.80
Auction: 4
Number of Rounds10
Allocation0,6,6,6,8,4,0,8,8,0,4,8
Optimal Allocation7,6,6,6,8,4,2,8,5,5,4,8
Final Price35.0,45.0,45.0,25.0,25.0,30.0,20.0,50.0,40.0,20.0,40.0,10.0
Surplus403
Optimal Surplus502
Revenue310
Total Penalties22
Total Profits93
Efficiency (surplus/opt_surplus)80.28
Revenue Ratio (revenue/opt_surplus)61.75
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)66.14
Bidder Earnings0 , 0 , 0 , 14 , 0 , 28 , 0 , 51 ,
Bidder Penalties16 , 0 , 6 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning-16 , 0 , -6 , 14 , 0 , 28 , 0 , 51 ,
Round: 1
Number of Bids30
Allocation5,1,5,7,8,4,2,4,5,6,4,8
Prices25.0,20.0,30.0,10.0,15.0,20.0,5.0,15.0,25.0,5.0,25.0,10.0
Revenue205
Efficiency79.08
Round: 2
Number of Bids42
Allocation1,2,1,6,8,3,2,8,8,3,4,8
Prices30.0,25.0,40.0,15.0,15.0,25.0,5.0,20.0,30.0,10.0,25.0,10.0
Revenue250
Efficiency88.65
Round: 3
Number of Bids53
Allocation7,1,1,7,8,4,2,4,5,5,6,8
Prices35.0,30.0,40.0,20.0,15.0,30.0,5.0,25.0,35.0,20.0,30.0,10.0
Revenue295
Efficiency86.45
Round: 4
Number of Bids64
Allocation1,2,1,6,8,4,2,8,8,3,3,8
Prices40.0,35.0,40.0,25.0,15.0,30.0,5.0,30.0,40.0,25.0,35.0,10.0
Revenue330
Efficiency88.45
Round: 5
Number of Bids71
Allocation1,1,6,6,8,4,3,4,8,3,3,8
Prices40.0,40.0,45.0,25.0,15.0,30.0,10.0,35.0,40.0,25.0,35.0,10.0
Revenue350
Efficiency77.09
Round: 6
Number of Bids76
Allocation0,6,6,6,8,4,1,8,8,3,3,8
Prices30.0,45.0,45.0,25.0,15.0,30.0,15.0,40.0,40.0,25.0,35.0,10.0
Revenue405
Efficiency99.40
Round: 7
Number of Bids78
Allocation0,6,6,6,1,4,2,4,8,0,4,8
Prices30.0,45.0,45.0,25.0,20.0,30.0,20.0,45.0,40.0,15.0,40.0,10.0
Revenue380
Efficiency84.06
Round: 8
Number of Bids79
Allocation0,6,6,6,8,4,1,8,8,0,4,8
Prices30.0,45.0,45.0,25.0,25.0,30.0,25.0,50.0,40.0,15.0,40.0,10.0
Revenue335
Efficiency85.06
Round: 9
Number of Bids79
Allocation0,6,6,6,8,4,0,8,8,0,4,8
Prices30.0,45.0,45.0,25.0,25.0,30.0,15.0,50.0,40.0,15.0,40.0,10.0
Revenue335
Efficiency85.06
Round: 10
Number of Bids78
Allocation0,6,6,6,8,4,0,8,8,0,4,8
Prices35.0,45.0,45.0,25.0,25.0,30.0,20.0,50.0,40.0,20.0,40.0,10.0
Revenue310
Efficiency80.28
Auction: 5
Number of Rounds16
Allocation5,5,1,6,0,4,4,4,3,3,3,8
Optimal Allocation1,2,1,2,3,3,4,4,5,5,5,4
Final Price25.0,20.0,40.0,30.0,30.0,50.0,25.0,35.0,45.0,10.0,45.0,35.0
Surplus429
Optimal Surplus472
Revenue360
Total Penalties8
Total Profits69
Efficiency (surplus/opt_surplus)90.89
Revenue Ratio (revenue/opt_surplus)76.27
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)77.97
Bidder Earnings1 , 0 , 20 , 36 , 10 , 3 , 0 , -1 ,
Bidder Penalties0 , 0 , 8 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning1 , 0 , 12 , 36 , 10 , 3 , 0 , -1 ,
Round: 1
Number of Bids28
Allocation8,5,1,6,1,1,4,4,8,0,6,8
Prices10.0,10.0,40.0,20.0,20.0,40.0,25.0,25.0,10.0,.0,10.0,10.0
Revenue220
Efficiency77.97
Round: 2
Number of Bids39
Allocation5,2,1,2,3,3,4,8,8,6,3,8
Prices15.0,15.0,40.0,25.0,25.0,45.0,25.0,30.0,10.0,5.0,15.0,10.0
Revenue260
Efficiency88.35
Round: 3
Number of Bids47
Allocation1,2,1,6,8,3,4,8,5,4,5,4
Prices20.0,15.0,40.0,30.0,30.0,45.0,25.0,30.0,15.0,10.0,20.0,15.0
Revenue295
Efficiency82.84
Round: 4
Number of Bids53
Allocation5,2,1,6,3,3,4,8,8,4,3,6
Prices25.0,15.0,40.0,30.0,35.0,45.0,25.0,30.0,20.0,10.0,25.0,20.0
Revenue320
Efficiency82.63
Round: 5
Number of Bids57
Allocation5,2,1,6,3,3,4,8,5,4,5,8
Prices25.0,15.0,40.0,30.0,35.0,45.0,25.0,30.0,25.0,10.0,30.0,25.0
Revenue335
Efficiency90.04
Round: 6
Number of Bids60
Allocation5,2,1,6,3,3,4,8,8,0,5,4
Prices25.0,15.0,40.0,30.0,35.0,45.0,25.0,30.0,30.0,.0,30.0,30.0
Revenue345
Efficiency86.02
Round: 7
Number of Bids63
Allocation5,2,1,6,3,4,4,8,8,3,5,8
Prices25.0,15.0,40.0,30.0,35.0,50.0,25.0,30.0,30.0,10.0,30.0,35.0
Revenue355
Efficiency85.81
Round: 8
Number of Bids66
Allocation5,2,1,6,3,4,4,4,3,3,5,8
Prices25.0,15.0,40.0,30.0,35.0,50.0,25.0,35.0,35.0,10.0,30.0,35.0
Revenue365
Efficiency94.92
Round: 9
Number of Bids67
Allocation5,5,1,6,3,4,4,4,3,3,5,8
Prices25.0,20.0,40.0,30.0,35.0,50.0,25.0,35.0,35.0,10.0,30.0,35.0
Revenue370
Efficiency95.76
Round: 10
Number of Bids67
Allocation5,5,1,6,0,4,4,4,3,3,5,8
Prices25.0,20.0,40.0,30.0,25.0,50.0,25.0,35.0,35.0,10.0,30.0,35.0
Revenue370
Efficiency95.76
Round: 11
Number of Bids67
Allocation5,5,1,6,0,4,4,4,3,3,3,8
Prices25.0,20.0,40.0,30.0,25.0,50.0,25.0,35.0,35.0,10.0,35.0,35.0
Revenue340
Efficiency90.89
Round: 12
Number of Bids68
Allocation5,5,1,6,0,4,4,4,3,3,5,8
Prices25.0,20.0,40.0,30.0,25.0,50.0,25.0,35.0,35.0,10.0,40.0,35.0
Revenue345
Efficiency86.65
Round: 13
Number of Bids69
Allocation5,5,1,6,0,4,4,4,3,3,3,8
Prices25.0,20.0,40.0,30.0,25.0,50.0,25.0,35.0,35.0,10.0,45.0,35.0
Revenue350
Efficiency90.89
Round: 14
Number of Bids70
Allocation5,5,1,6,0,4,4,4,5,3,3,8
Prices25.0,20.0,40.0,30.0,25.0,50.0,25.0,35.0,40.0,10.0,45.0,35.0
Revenue355
Efficiency88.77
Round: 15
Number of Bids71
Allocation5,5,1,6,0,4,4,4,3,3,3,8
Prices25.0,20.0,40.0,30.0,25.0,50.0,25.0,35.0,45.0,10.0,45.0,35.0
Revenue360
Efficiency90.89
Round: 16
Number of Bids71
Allocation5,5,1,6,0,4,4,4,3,3,3,8
Prices25.0,20.0,40.0,30.0,30.0,50.0,25.0,35.0,45.0,10.0,45.0,35.0
Revenue360
Efficiency90.89
Auction: 6
Number of Rounds12
Allocation0,5,0,2,8,2,3,8,8,4,4,8
Optimal Allocation7,1,2,2,8,2,3,8,8,4,4,8
Final Price35.0,35.0,25.0,35.0,45.0,35.0,10.0,45.0,35.0,40.0,25.0,65.0
Surplus436
Optimal Surplus533
Revenue370
Total Penalties18
Total Profits66
Efficiency (surplus/opt_surplus)81.80
Revenue Ratio (revenue/opt_surplus)69.42
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)72.80
Bidder Earnings0 , 12 , 33 , 14 , -23 , 0 , 0 , 30 ,
Bidder Penalties0 , 0 , 1 , 0 , 17 , 0 , 0 , 0 ,
Bidder Net Earning0 , 12 , 32 , 14 , -40 , 0 , 0 , 30 ,
Round: 1
Number of Bids28
Allocation1,1,1,7,7,3,3,7,8,4,4,4
Prices30.0,30.0,20.0,10.0,20.0,5.0,5.0,20.0,5.0,20.0,15.0,20.0
Revenue200
Efficiency82.18
Round: 2
Number of Bids41
Allocation7,1,2,2,8,2,3,8,5,3,5,8
Prices35.0,30.0,25.0,15.0,25.0,10.0,5.0,25.0,10.0,25.0,20.0,25.0
Revenue250
Efficiency87.05
Round: 3
Number of Bids52
Allocation7,1,2,7,7,1,1,7,8,6,4,4
Prices35.0,30.0,25.0,20.0,30.0,15.0,10.0,30.0,15.0,30.0,25.0,30.0
Revenue295
Efficiency75.23
Round: 4
Number of Bids63
Allocation7,1,5,2,8,3,3,8,5,3,4,8
Prices35.0,30.0,30.0,25.0,35.0,20.0,15.0,35.0,20.0,35.0,25.0,35.0
Revenue340
Efficiency84.99
Round: 5
Number of Bids70
Allocation7,1,5,7,7,2,3,7,8,4,4,4
Prices35.0,30.0,30.0,30.0,40.0,25.0,15.0,40.0,25.0,40.0,25.0,40.0
Revenue375
Efficiency87.43
Round: 6
Number of Bids76
Allocation7,1,5,2,8,3,3,8,5,4,4,8
Prices35.0,30.0,30.0,35.0,45.0,30.0,15.0,45.0,30.0,40.0,25.0,45.0
Revenue405
Efficiency89.49
Round: 7
Number of Bids79
Allocation7,1,0,2,8,2,3,8,8,4,4,4
Prices35.0,30.0,20.0,35.0,45.0,35.0,15.0,45.0,35.0,40.0,25.0,50.0
Revenue420
Efficiency93.81
Round: 8
Number of Bids81
Allocation5,5,0,2,8,2,3,8,8,4,4,8
Prices40.0,35.0,20.0,35.0,45.0,35.0,15.0,45.0,35.0,40.0,25.0,55.0
Revenue405
Efficiency83.68
Round: 9
Number of Bids82
Allocation0,5,0,2,8,2,3,8,8,4,4,4
Prices30.0,35.0,20.0,35.0,45.0,35.0,15.0,45.0,35.0,40.0,25.0,60.0
Revenue410
Efficiency81.24
Round: 10
Number of Bids82
Allocation0,5,0,2,8,2,0,8,8,4,4,8
Prices30.0,35.0,20.0,35.0,45.0,35.0,5.0,45.0,35.0,40.0,25.0,65.0
Revenue375
Efficiency81.80
Round: 11
Number of Bids82
Allocation0,5,0,2,8,2,3,8,8,4,4,8
Prices30.0,35.0,20.0,35.0,45.0,35.0,10.0,45.0,35.0,40.0,25.0,65.0
Revenue370
Efficiency81.80
Round: 12
Number of Bids82
Allocation0,5,0,2,8,2,3,8,8,4,4,8
Prices35.0,35.0,25.0,35.0,45.0,35.0,10.0,45.0,35.0,40.0,25.0,65.0
Revenue370
Efficiency81.80
Auction: 7
Number of Rounds12
Allocation7,5,5,7,7,1,3,7,5,4,4,4
Optimal Allocation7,5,5,7,1,1,1,7,5,4,4,4
Final Price40.0,35.0,30.0,45.0,40.0,35.0,25.0,40.0,30.0,45.0,45.0,25.0
Surplus540
Optimal Surplus546
Revenue435
Total Penalties1
Total Profits105
Efficiency (surplus/opt_surplus)98.90
Revenue Ratio (revenue/opt_surplus)79.67
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)79.85
Bidder Earnings1 , 0 , 3 , 21 , 21 , 0 , 59 , 0 ,
Bidder Penalties0 , 0 , 1 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning1 , 0 , 2 , 21 , 21 , 0 , 59 , 0 ,
Round: 1
Number of Bids30
Allocation7,5,1,7,1,1,3,7,8,4,4,4
Prices15.0,5.0,25.0,15.0,30.0,35.0,5.0,20.0,15.0,15.0,15.0,15.0
Revenue210
Efficiency92.49
Round: 2
Number of Bids44
Allocation7,2,1,2,8,1,2,8,5,3,5,8
Prices15.0,10.0,25.0,20.0,35.0,35.0,10.0,25.0,20.0,20.0,20.0,20.0
Revenue255
Efficiency76.74
Round: 3
Number of Bids58
Allocation7,1,1,7,7,1,3,7,3,6,4,4
Prices15.0,25.0,25.0,25.0,40.0,35.0,15.0,30.0,25.0,25.0,25.0,25.0
Revenue310
Efficiency88.83
Round: 4
Number of Bids66
Allocation7,2,1,2,7,1,3,2,5,5,6,4
Prices15.0,30.0,25.0,30.0,40.0,35.0,15.0,35.0,30.0,30.0,30.0,25.0
Revenue340
Efficiency79.49
Round: 5
Number of Bids72
Allocation1,2,1,7,7,1,3,7,5,4,4,4
Prices25.0,30.0,25.0,35.0,40.0,35.0,15.0,40.0,30.0,35.0,35.0,25.0
Revenue370
Efficiency85.90
Round: 6
Number of Bids77
Allocation7,2,1,2,7,1,2,7,5,5,5,4
Prices30.0,30.0,25.0,40.0,40.0,35.0,20.0,40.0,30.0,40.0,40.0,25.0
Revenue395
Efficiency87.00
Round: 7
Number of Bids82
Allocation7,2,1,7,7,1,1,7,5,4,4,4
Prices30.0,30.0,25.0,45.0,40.0,35.0,25.0,40.0,30.0,45.0,45.0,25.0
Revenue415
Efficiency97.80
Round: 8
Number of Bids85
Allocation5,5,1,7,7,1,3,7,5,4,4,4
Prices35.0,35.0,25.0,45.0,40.0,35.0,30.0,40.0,30.0,45.0,45.0,25.0
Revenue430
Efficiency86.26
Round: 9
Number of Bids86
Allocation7,5,1,7,7,1,3,7,5,4,4,4
Prices40.0,35.0,25.0,45.0,40.0,35.0,30.0,40.0,30.0,45.0,45.0,25.0
Revenue435
Efficiency97.44
Round: 10
Number of Bids87
Allocation7,5,5,7,7,1,0,7,5,4,4,4
Prices40.0,35.0,30.0,45.0,40.0,35.0,20.0,40.0,30.0,45.0,45.0,25.0
Revenue440
Efficiency98.90
Round: 11
Number of Bids87
Allocation7,5,5,7,7,1,3,7,5,4,4,4
Prices40.0,35.0,30.0,45.0,40.0,35.0,25.0,40.0,30.0,45.0,45.0,25.0
Revenue435
Efficiency98.90
Round: 12
Number of Bids87
Allocation7,5,5,7,7,1,3,7,5,4,4,4
Prices40.0,35.0,30.0,45.0,40.0,35.0,25.0,40.0,30.0,45.0,45.0,25.0
Revenue435
Efficiency98.90