Experiment Definition

Experiment Name: SMR_HO_LC_WR Mar_03_06_evening

Total Number Subjects: 8

Group Size: 8

Are Groups Synchronized?

Cash Exchange Rate: 0.4

Experiment Runtime Information

Experiment ID: 313

Experiment Starting Time: 2006-03-03 18:51:39.0

Total Number Of Participants: 8

Experiment Definition Id: 186

Experiment Experimenter Id: 134

Auction-- Statistics

AttributeGroup : 1 Statistics
Auction: 2
Number of Rounds8
Allocation8,1,6,7,3,3,1,4,7,4,5,7
Optimal Allocation8,1,6,7,3,3,1,7,7,4,5,7
Final Price30.0,30.0,25.0,40.0,30.0,35.0,25.0,30.0,40.0,40.0,15.0,30.0
Surplus454
Optimal Surplus454
Revenue370
Total Penalties0
Total Profits84
Efficiency (surplus/opt_surplus)100.00
Revenue Ratio (revenue/opt_surplus)81.50
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)81.50
Bidder Earnings20 , 0 , -1 , 5 , 23 , 2 , 24 , 11 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning20 , 0 , -1 , 5 , 23 , 2 , 24 , 11 ,
Round: 1
Number of Bids29
Allocation8,1,1,8,8,3,1,8,8,5,5,8
Prices10.0,20.0,15.0,10.0,5.0,5.0,25.0,5.0,10.0,10.0,15.0,5.0
Revenue135
Efficiency83.04
Round: 2
Number of Bids49
Allocation8,6,6,8,3,2,1,2,8,3,5,6
Prices15.0,25.0,20.0,15.0,10.0,10.0,25.0,10.0,15.0,15.0,15.0,10.0
Revenue185
Efficiency82.60
Round: 3
Number of Bids66
Allocation1,1,6,7,7,3,1,7,7,4,5,7
Prices20.0,30.0,20.0,25.0,15.0,15.0,25.0,20.0,25.0,20.0,15.0,20.0
Revenue250
Efficiency93.61
Round: 4
Number of Bids79
Allocation8,1,6,8,8,2,1,8,8,5,5,8
Prices25.0,30.0,25.0,30.0,20.0,20.0,25.0,25.0,30.0,25.0,15.0,25.0
Revenue295
Efficiency83.04
Round: 5
Number of Bids91
Allocation8,1,6,8,8,3,1,4,8,4,5,7
Prices30.0,30.0,25.0,35.0,25.0,25.0,25.0,30.0,35.0,30.0,15.0,30.0
Revenue335
Efficiency96.04
Round: 6
Number of Bids96
Allocation8,1,6,7,3,2,1,4,7,5,5,7
Prices30.0,30.0,25.0,40.0,30.0,30.0,25.0,30.0,40.0,35.0,15.0,30.0
Revenue360
Efficiency95.37
Round: 7
Number of Bids98
Allocation8,1,6,7,3,3,1,4,7,4,5,7
Prices30.0,30.0,25.0,40.0,30.0,35.0,25.0,30.0,40.0,40.0,15.0,30.0
Revenue370
Efficiency100.00
Round: 8
Number of Bids98
Allocation8,1,6,7,3,3,1,4,7,4,5,7
Prices30.0,30.0,25.0,40.0,30.0,35.0,25.0,30.0,40.0,40.0,15.0,30.0
Revenue370
Efficiency100.00
Auction: 3
Number of Rounds12
Allocation7,6,6,7,3,4,2,7,7,5,4,6
Optimal Allocation7,6,1,7,3,4,2,8,5,5,4,4
Final Price35.0,25.0,15.0,30.0,40.0,40.0,30.0,20.0,40.0,30.0,40.0,30.0
Surplus424
Optimal Surplus432
Revenue375
Total Penalties0
Total Profits49
Efficiency (surplus/opt_surplus)98.15
Revenue Ratio (revenue/opt_surplus)86.81
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)86.81
Bidder Earnings0 , 13 , 4 , 8 , 2 , 15 , 7 , 0 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning0 , 13 , 4 , 8 , 2 , 15 , 7 , 0 ,
Round: 1
Number of Bids30
Allocation1,6,0,8,3,3,2,8,3,5,4,8
Prices20.0,5.0,.0,5.0,20.0,20.0,5.0,5.0,20.0,10.0,5.0,5.0
Revenue120
Efficiency84.72
Round: 2
Number of Bids48
Allocation8,6,2,7,1,1,2,7,7,5,5,7
Prices25.0,5.0,5.0,10.0,30.0,30.0,5.0,10.0,25.0,10.0,10.0,10.0
Revenue175
Efficiency82.64
Round: 3
Number of Bids64
Allocation8,5,2,8,8,3,1,8,3,5,4,4
Prices30.0,10.0,5.0,15.0,35.0,35.0,15.0,15.0,35.0,10.0,15.0,15.0
Revenue235
Efficiency81.48
Round: 4
Number of Bids78
Allocation7,6,1,2,3,3,2,7,7,5,6,7
Prices35.0,15.0,10.0,20.0,40.0,35.0,20.0,20.0,40.0,10.0,20.0,20.0
Revenue285
Efficiency87.50
Round: 5
Number of Bids86
Allocation7,5,1,6,3,3,4,7,7,5,3,4
Prices35.0,20.0,10.0,25.0,40.0,35.0,25.0,20.0,40.0,10.0,25.0,25.0
Revenue310
Efficiency85.88
Round: 6
Number of Bids92
Allocation7,6,1,7,3,0,2,7,7,5,6,4
Prices35.0,25.0,10.0,30.0,40.0,30.0,30.0,20.0,40.0,10.0,30.0,25.0
Revenue330
Efficiency96.06
Round: 7
Number of Bids96
Allocation7,6,1,7,3,3,2,7,7,3,4,4
Prices35.0,25.0,10.0,30.0,40.0,35.0,30.0,20.0,40.0,15.0,35.0,25.0
Revenue340
Efficiency96.53
Round: 8
Number of Bids100
Allocation7,6,1,7,3,4,2,7,7,6,4,6
Prices35.0,25.0,10.0,30.0,40.0,40.0,30.0,20.0,40.0,20.0,35.0,30.0
Revenue355
Efficiency96.06
Round: 9
Number of Bids102
Allocation7,6,1,7,3,4,2,7,7,3,4,6
Prices35.0,25.0,10.0,30.0,40.0,40.0,30.0,20.0,40.0,25.0,35.0,30.0
Revenue360
Efficiency97.45
Round: 10
Number of Bids104
Allocation7,6,6,7,3,4,2,7,7,5,4,6
Prices35.0,25.0,15.0,30.0,40.0,40.0,30.0,20.0,40.0,30.0,35.0,30.0
Revenue370
Efficiency98.15
Round: 11
Number of Bids105
Allocation7,6,6,7,3,4,2,7,7,5,4,6
Prices35.0,25.0,15.0,30.0,40.0,40.0,30.0,20.0,40.0,30.0,40.0,30.0
Revenue375
Efficiency98.15
Round: 12
Number of Bids105
Allocation7,6,6,7,3,4,2,7,7,5,4,6
Prices35.0,25.0,15.0,30.0,40.0,40.0,30.0,20.0,40.0,30.0,40.0,30.0
Revenue375
Efficiency98.15
Auction: 4
Number of Rounds12
Allocation7,6,1,6,8,3,1,8,7,5,3,8
Optimal Allocation7,6,1,6,8,4,2,8,7,5,4,8
Final Price40.0,40.0,35.0,20.0,15.0,25.0,25.0,40.0,40.0,20.0,25.0,35.0
Surplus407
Optimal Surplus437
Revenue360
Total Penalties1
Total Profits47
Efficiency (surplus/opt_surplus)93.14
Revenue Ratio (revenue/opt_surplus)82.38
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)82.61
Bidder Earnings6 , 0 , 6 , 0 , 5 , 20 , 1 , 9 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 1 , 0 ,
Bidder Net Earning6 , 0 , 6 , 0 , 5 , 20 , 0 , 9 ,
Round: 1
Number of Bids30
Allocation1,1,1,8,8,3,2,8,3,3,4,8
Prices15.0,30.0,35.0,5.0,5.0,15.0,5.0,5.0,25.0,15.0,5.0,5.0
Revenue165
Efficiency85.81
Round: 2
Number of Bids47
Allocation8,2,1,6,7,4,2,2,7,5,5,7
Prices20.0,35.0,35.0,10.0,10.0,20.0,5.0,10.0,30.0,20.0,10.0,10.0
Revenue215
Efficiency88.33
Round: 3
Number of Bids62
Allocation7,6,1,7,8,3,1,8,5,5,3,8
Prices25.0,40.0,35.0,15.0,15.0,25.0,15.0,15.0,35.0,20.0,25.0,15.0
Revenue280
Efficiency89.47
Round: 4
Number of Bids69
Allocation8,6,1,6,8,3,2,2,7,5,3,7
Prices30.0,40.0,35.0,20.0,15.0,25.0,20.0,20.0,40.0,20.0,25.0,20.0
Revenue310
Efficiency90.16
Round: 5
Number of Bids73
Allocation7,6,1,6,8,3,1,8,7,5,3,8
Prices35.0,40.0,35.0,20.0,15.0,25.0,25.0,25.0,40.0,20.0,25.0,25.0
Revenue330
Efficiency93.14
Round: 6
Number of Bids75
Allocation8,6,1,6,8,3,1,2,7,5,3,8
Prices40.0,40.0,35.0,20.0,15.0,25.0,25.0,30.0,40.0,20.0,25.0,25.0
Revenue340
Efficiency91.30
Round: 7
Number of Bids77
Allocation7,6,1,6,8,3,1,8,7,5,3,8
Prices45.0,40.0,35.0,20.0,15.0,25.0,25.0,40.0,40.0,20.0,25.0,25.0
Revenue355
Efficiency93.14
Round: 8
Number of Bids77
Allocation0,6,1,6,8,3,1,8,7,5,3,8
Prices35.0,40.0,35.0,20.0,15.0,25.0,25.0,40.0,40.0,20.0,25.0,25.0
Revenue355
Efficiency93.14
Round: 9
Number of Bids77
Allocation0,6,1,6,8,3,1,8,7,5,3,7
Prices35.0,40.0,35.0,20.0,15.0,25.0,25.0,40.0,40.0,20.0,25.0,30.0
Revenue315
Efficiency82.61
Round: 10
Number of Bids78
Allocation0,6,1,6,8,3,1,8,7,5,3,8
Prices35.0,40.0,35.0,20.0,15.0,25.0,25.0,40.0,40.0,20.0,25.0,35.0
Revenue320
Efficiency84.21
Round: 11
Number of Bids79
Allocation7,6,1,6,8,3,1,8,7,5,3,8
Prices40.0,40.0,35.0,20.0,15.0,25.0,25.0,40.0,40.0,20.0,25.0,35.0
Revenue360
Efficiency93.14
Round: 12
Number of Bids79
Allocation7,6,1,6,8,3,1,8,7,5,3,8
Prices40.0,40.0,35.0,20.0,15.0,25.0,25.0,40.0,40.0,20.0,25.0,35.0
Revenue360
Efficiency93.14
Auction: 5
Number of Rounds11
Allocation8,5,1,8,0,3,4,4,5,3,3,8
Optimal Allocation8,2,1,8,3,3,4,4,7,4,3,8
Final Price30.0,20.0,35.0,35.0,35.0,40.0,20.0,25.0,40.0,15.0,40.0,40.0
Surplus408
Optimal Surplus457
Revenue340
Total Penalties10
Total Profits68
Efficiency (surplus/opt_surplus)89.28
Revenue Ratio (revenue/opt_surplus)74.40
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)76.59
Bidder Earnings6 , 0 , 12 , 40 , 2 , 0 , 0 , 8 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 10 ,
Bidder Net Earning6 , 0 , 12 , 40 , 2 , 0 , 0 , -2 ,
Round: 1
Number of Bids28
Allocation8,2,1,7,3,1,4,7,7,0,3,8
Prices5.0,5.0,35.0,5.0,25.0,35.0,5.0,5.0,5.0,.0,20.0,5.0
Revenue150
Efficiency83.15
Round: 2
Number of Bids45
Allocation1,5,1,6,8,3,2,8,8,6,3,6
Prices20.0,10.0,35.0,10.0,30.0,40.0,10.0,10.0,10.0,5.0,20.0,10.0
Revenue210
Efficiency66.74
Round: 3
Number of Bids60
Allocation5,2,1,7,3,3,1,7,7,6,3,4
Prices25.0,15.0,35.0,15.0,35.0,40.0,15.0,15.0,15.0,5.0,20.0,15.0
Revenue250
Efficiency78.99
Round: 4
Number of Bids73
Allocation8,5,1,2,8,3,4,8,8,6,3,8
Prices30.0,20.0,35.0,20.0,40.0,40.0,20.0,20.0,20.0,5.0,20.0,20.0
Revenue290
Efficiency78.99
Round: 5
Number of Bids81
Allocation8,5,1,8,8,3,4,4,3,5,3,4
Prices30.0,20.0,35.0,25.0,40.0,40.0,20.0,25.0,30.0,10.0,20.0,25.0
Revenue320
Efficiency89.28
Round: 6
Number of Bids86
Allocation8,5,1,2,8,3,4,4,7,5,5,8
Prices30.0,20.0,35.0,30.0,40.0,40.0,20.0,25.0,35.0,10.0,25.0,30.0
Revenue340
Efficiency89.06
Round: 7
Number of Bids90
Allocation8,5,1,8,8,3,4,4,7,3,3,8
Prices30.0,20.0,35.0,35.0,40.0,40.0,20.0,25.0,35.0,15.0,30.0,30.0
Revenue355
Efficiency93.44
Round: 8
Number of Bids93
Allocation8,5,1,8,8,3,4,4,5,3,5,4
Prices30.0,20.0,35.0,35.0,40.0,40.0,20.0,25.0,40.0,15.0,35.0,35.0
Revenue370
Efficiency92.12
Round: 9
Number of Bids95
Allocation8,5,1,8,8,3,4,4,5,3,3,8
Prices30.0,20.0,35.0,35.0,40.0,40.0,20.0,25.0,40.0,15.0,40.0,40.0
Revenue380
Efficiency92.78
Round: 10
Number of Bids95
Allocation8,5,1,8,0,3,4,4,5,3,3,8
Prices30.0,20.0,35.0,35.0,30.0,40.0,20.0,25.0,40.0,15.0,40.0,40.0
Revenue380
Efficiency92.78
Round: 11
Number of Bids94
Allocation8,5,1,8,0,3,4,4,5,3,3,8
Prices30.0,20.0,35.0,35.0,35.0,40.0,20.0,25.0,40.0,15.0,40.0,40.0
Revenue340
Efficiency89.28
Auction: 6
Number of Rounds10
Allocation8,1,2,2,8,2,3,8,5,4,4,8
Optimal Allocation8,1,2,2,8,2,3,8,5,4,4,4
Final Price45.0,30.0,20.0,20.0,25.0,30.0,30.0,25.0,20.0,40.0,10.0,45.0
Surplus450
Optimal Surplus458
Revenue340
Total Penalties0
Total Profits110
Efficiency (surplus/opt_surplus)98.25
Revenue Ratio (revenue/opt_surplus)74.24
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)74.24
Bidder Earnings2 , 42 , 13 , 21 , 12 , 0 , 0 , 20 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning2 , 42 , 13 , 21 , 12 , 0 , 0 , 20 ,
Round: 1
Number of Bids30
Allocation1,1,1,8,8,3,3,8,8,3,5,4
Prices25.0,30.0,15.0,5.0,5.0,25.0,30.0,5.0,5.0,25.0,5.0,5.0
Revenue180
Efficiency76.42
Round: 2
Number of Bids47
Allocation7,1,1,2,7,2,3,2,5,4,4,7
Prices30.0,30.0,15.0,10.0,10.0,30.0,30.0,10.0,10.0,30.0,10.0,10.0
Revenue225
Efficiency84.06
Round: 3
Number of Bids58
Allocation8,1,1,6,8,2,3,8,7,6,4,8
Prices35.0,30.0,15.0,15.0,15.0,30.0,30.0,15.0,15.0,35.0,10.0,15.0
Revenue260
Efficiency86.03
Round: 4
Number of Bids68
Allocation7,1,2,2,7,2,3,7,5,6,4,7
Prices40.0,30.0,20.0,20.0,20.0,30.0,30.0,20.0,20.0,35.0,10.0,20.0
Revenue295
Efficiency86.46
Round: 5
Number of Bids75
Allocation8,1,2,2,8,2,3,8,5,6,4,8
Prices45.0,30.0,20.0,20.0,25.0,30.0,30.0,25.0,20.0,35.0,10.0,25.0
Revenue315
Efficiency96.29
Round: 6
Number of Bids77
Allocation8,1,2,2,8,2,3,8,5,4,4,4
Prices45.0,30.0,20.0,20.0,25.0,30.0,30.0,25.0,20.0,40.0,10.0,30.0
Revenue325
Efficiency100.00
Round: 7
Number of Bids78
Allocation8,1,2,2,8,2,3,8,5,4,4,8
Prices45.0,30.0,20.0,20.0,25.0,30.0,30.0,25.0,20.0,40.0,10.0,35.0
Revenue330
Efficiency98.25
Round: 8
Number of Bids79
Allocation8,1,2,2,8,2,3,8,5,4,4,4
Prices45.0,30.0,20.0,20.0,25.0,30.0,30.0,25.0,20.0,40.0,10.0,40.0
Revenue335
Efficiency100.00
Round: 9
Number of Bids80
Allocation8,1,2,2,8,2,3,8,5,4,4,8
Prices45.0,30.0,20.0,20.0,25.0,30.0,30.0,25.0,20.0,40.0,10.0,45.0
Revenue340
Efficiency98.25
Round: 10
Number of Bids80
Allocation8,1,2,2,8,2,3,8,5,4,4,8
Prices45.0,30.0,20.0,20.0,25.0,30.0,30.0,25.0,20.0,40.0,10.0,45.0
Revenue340
Efficiency98.25
Auction: 7
Number of Rounds12
Allocation7,5,1,7,8,1,3,7,7,4,4,7
Optimal Allocation7,5,5,7,8,1,3,7,5,4,4,4
Final Price20.0,30.0,25.0,40.0,35.0,30.0,25.0,45.0,40.0,35.0,35.0,30.0
Surplus443
Optimal Surplus453
Revenue390
Total Penalties0
Total Profits53
Efficiency (surplus/opt_surplus)97.79
Revenue Ratio (revenue/opt_surplus)86.09
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)86.09
Bidder Earnings9 , 0 , 3 , 5 , 6 , 0 , 25 , 5 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning9 , 0 , 3 , 5 , 6 , 0 , 25 , 5 ,
Round: 1
Number of Bids29
Allocation8,2,1,2,1,1,3,4,3,4,4,8
Prices5.0,5.0,25.0,5.0,25.0,30.0,15.0,5.0,20.0,5.0,5.0,5.0
Revenue150
Efficiency85.65
Round: 2
Number of Bids46
Allocation5,2,1,8,8,1,3,8,8,5,5,7
Prices10.0,5.0,25.0,10.0,30.0,30.0,15.0,10.0,25.0,10.0,10.0,10.0
Revenue190
Efficiency73.95
Round: 3
Number of Bids61
Allocation8,2,1,2,8,1,3,2,7,3,6,8
Prices15.0,5.0,25.0,15.0,30.0,30.0,15.0,15.0,30.0,20.0,15.0,15.0
Revenue230
Efficiency86.31
Round: 4
Number of Bids73
Allocation7,6,1,7,8,1,3,7,5,5,5,7
Prices20.0,10.0,25.0,20.0,30.0,30.0,15.0,20.0,35.0,25.0,20.0,20.0
Revenue270
Efficiency92.05
Round: 5
Number of Bids82
Allocation7,2,1,2,8,1,3,2,7,6,6,4
Prices20.0,15.0,25.0,25.0,30.0,30.0,15.0,25.0,40.0,30.0,25.0,25.0
Revenue305
Efficiency94.26
Round: 6
Number of Bids89
Allocation7,5,1,7,8,1,3,7,7,6,5,7
Prices20.0,20.0,25.0,30.0,30.0,30.0,15.0,30.0,40.0,30.0,30.0,30.0
Revenue330
Efficiency94.92
Round: 7
Number of Bids93
Allocation7,5,1,7,8,1,3,4,7,4,4,7
Prices20.0,20.0,25.0,30.0,35.0,30.0,15.0,35.0,40.0,35.0,35.0,30.0
Revenue350
Efficiency96.47
Round: 8
Number of Bids100
Allocation7,2,1,2,8,1,3,2,7,4,4,7
Prices20.0,25.0,25.0,35.0,35.0,30.0,15.0,40.0,40.0,35.0,35.0,30.0
Revenue365
Efficiency95.81
Round: 9
Number of Bids103
Allocation7,5,1,7,8,1,3,7,7,4,4,7
Prices20.0,30.0,25.0,40.0,35.0,30.0,15.0,45.0,40.0,35.0,35.0,30.0
Revenue380
Efficiency97.79
Round: 10
Number of Bids104
Allocation7,5,1,7,8,1,2,7,7,4,4,7
Prices20.0,30.0,25.0,40.0,35.0,30.0,20.0,45.0,40.0,35.0,35.0,30.0
Revenue385
Efficiency96.47
Round: 11
Number of Bids105
Allocation7,5,1,7,8,1,3,7,7,4,4,7
Prices20.0,30.0,25.0,40.0,35.0,30.0,25.0,45.0,40.0,35.0,35.0,30.0
Revenue390
Efficiency97.79
Round: 12
Number of Bids105
Allocation7,5,1,7,8,1,3,7,7,4,4,7
Prices20.0,30.0,25.0,40.0,35.0,30.0,25.0,45.0,40.0,35.0,35.0,30.0
Revenue390
Efficiency97.79