Experiment Definition

Experiment Name: SMRPB_LO_HC_WR Mar_06_06_afternoon_LEFT

Total Number Subjects: 8

Group Size: 8

Are Groups Synchronized?

Cash Exchange Rate: 0.4

Experiment Runtime Information

Experiment ID: 319

Experiment Starting Time: 2006-03-06 14:39:16.0

Total Number Of Participants: 8

Experiment Definition Id: 190

Experiment Experimenter Id: 134

Auction-- Statistics

AttributeGroup : 1 Statistics
Auction: 2
Number of Rounds10
Allocation7,1,1,7,7,2,1,7,8,4,5,8
Optimal Allocation7,1,1,7,7,3,1,7,8,4,5,8
Final Price25.0,34.2,23.1,30.1,53.4,31.0,16.7,44.6,39.0,35.0,40.0,21.0
Surplus467
Optimal Surplus470
Revenue393
Total Penalties0
Total Profits74
Efficiency (surplus/opt_surplus)99.36
Revenue Ratio (revenue/opt_surplus)83.62
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)83.62
Bidder Earnings32 , 1 , 0 , 9 , -2 , 0 , 27 , 7 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning32 , 1 , 0 , 9 , -2 , 0 , 27 , 7 ,
Round: 1
Number of Bids51
Allocation1,1,1,7,3,3,3,4,5,6,6,6
Prices16.7,16.7,16.7,5.0,15.0,15.0,15.0,5.0,10.0,10.0,5.0,.0
Revenue130
Efficiency75.11
Round: 2
Number of Bids66
Allocation7,2,0,2,7,2,0,7,5,5,5,4
Prices21.7,28.3,-.0,17.8,19.2,25.8,-.0,11.2,10.0,21.2,18.7,5.0
Revenue179
Efficiency64.04
Round: 3
Number of Bids91
Allocation1,1,1,7,3,3,3,4,0,4,5,4
Prices45.0,10.0,10.0,5.0,42.0,18.0,5.0,16.0,-.0,11.0,30.0,25.0
Revenue217
Efficiency77.87
Round: 4
Number of Bids110
Allocation7,6,6,7,3,3,3,7,7,4,5,7
Prices40.0,20.0,10.0,20.0,47.0,18.0,.0,21.0,10.0,5.0,30.0,25.0
Revenue246
Efficiency85.96
Round: 5
Number of Bids126
Allocation7,1,1,7,7,4,1,7,7,6,5,7
Prices27.0,26.1,15.0,40.9,52.0,5.0,3.9,28.1,17.1,10.0,35.0,27.9
Revenue288
Efficiency81.49
Round: 6
Number of Bids139
Allocation7,6,6,7,3,3,3,7,8,5,5,8
Prices21.6,31.0,20.0,21.4,52.0,20.6,8.4,38.0,23.5,20.0,40.0,36.5
Revenue333
Efficiency91.70
Round: 7
Number of Bids145
Allocation7,1,1,7,7,2,1,7,8,5,5,8
Prices25.8,33.6,22.6,32.6,53.5,31.0,17.8,41.1,39.0,22.1,37.9,21.0
Revenue378
Efficiency97.23
Round: 8
Number of Bids146
Allocation7,1,1,7,7,2,1,7,8,5,5,8
Prices24.2,34.7,23.7,27.5,53.3,31.0,15.5,48.0,39.0,25.0,35.0,21.0
Revenue378
Efficiency97.23
Round: 9
Number of Bids147
Allocation7,1,1,7,7,2,1,7,8,4,5,8
Prices25.0,34.2,23.1,30.1,53.4,31.0,16.7,44.6,39.0,35.0,40.0,21.0
Revenue393
Efficiency99.36
Round: 10
Number of Bids147
Allocation7,1,1,7,7,2,1,7,8,4,5,8
Prices25.0,34.2,23.1,30.1,53.4,31.0,16.7,44.6,39.0,35.0,40.0,21.0
Revenue393
Efficiency99.36
Auction: 3
Number of Rounds9
Allocation7,6,1,7,7,4,2,7,5,5,4,4
Optimal Allocation7,6,6,7,7,4,2,7,5,5,4,4
Final Price30.6,27.0,10.0,32.9,63.8,33.9,39.0,12.8,41.8,31.2,38.6,23.5
Surplus496
Optimal Surplus501
Revenue385
Total Penalties0
Total Profits111
Efficiency (surplus/opt_surplus)99.00
Revenue Ratio (revenue/opt_surplus)76.85
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)76.85
Bidder Earnings6 , 4 , 0 , 33 , 8 , 13 , 47 , 0 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning6 , 4 , 0 , 33 , 8 , 13 , 47 , 0 ,
Round: 1
Number of Bids55
Allocation5,5,5,8,1,1,1,4,0,4,4,6
Prices10.0,10.0,10.0,10.0,18.3,18.3,18.3,5.0,-.0,5.0,5.0,5.0
Revenue115
Efficiency58.88
Round: 2
Number of Bids69
Allocation7,6,0,7,3,3,3,7,5,5,5,8
Prices17.5,5.0,-.0,17.5,23.3,23.3,23.3,5.0,10.0,12.5,12.5,5.0
Revenue155
Efficiency86.23
Round: 3
Number of Bids88
Allocation7,2,6,7,7,2,2,7,5,5,5,7
Prices20.9,10.0,5.0,22.0,28.0,31.0,31.0,12.1,15.0,10.0,10.0,10.0
Revenue205
Efficiency83.23
Round: 4
Number of Bids98
Allocation8,6,2,8,8,2,2,8,8,5,5,8
Prices10.0,15.0,5.0,27.0,48.0,38.0,24.0,5.0,25.0,5.0,5.0,23.0
Revenue230
Efficiency66.47
Round: 5
Number of Bids109
Allocation7,6,2,7,7,2,2,7,5,5,5,7
Prices25.0,15.0,5.0,32.0,63.0,38.0,24.0,5.0,15.0,10.0,30.0,13.0
Revenue275
Efficiency87.23
Round: 6
Number of Bids118
Allocation1,1,1,7,7,4,4,7,3,3,3,4
Prices25.0,22.5,12.5,30.6,56.6,40.9,28.7,7.9,37.6,25.1,37.4,20.4
Revenue345
Efficiency84.63
Round: 7
Number of Bids126
Allocation7,6,0,7,7,4,2,7,5,5,4,4
Prices33.0,27.0,-.0,32.0,64.2,29.0,39.0,10.8,40.9,32.1,42.0,25.0
Revenue375
Efficiency95.81
Round: 8
Number of Bids128
Allocation7,6,1,7,7,4,2,7,5,5,4,4
Prices30.6,27.0,10.0,32.9,63.8,33.9,39.0,12.8,41.8,31.2,38.6,23.5
Revenue385
Efficiency99.00
Round: 9
Number of Bids128
Allocation7,6,1,7,7,4,2,7,5,5,4,4
Prices30.6,27.0,10.0,32.9,63.8,33.9,39.0,12.8,41.8,31.2,38.6,23.5
Revenue385
Efficiency99.00
Auction: 4
Number of Rounds14
Allocation7,6,6,6,8,4,2,8,5,5,4,8
Optimal Allocation7,6,6,6,8,4,2,8,5,5,4,8
Final Price5.0,47.0,49.0,43.0,30.2,28.0,21.0,61.0,43.0,14.0,38.0,22.8
Surplus502
Optimal Surplus502
Revenue402
Total Penalties0
Total Profits100
Efficiency (surplus/opt_surplus)100.00
Revenue Ratio (revenue/opt_surplus)80.08
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)80.08
Bidder Earnings0 , 5 , 0 , 18 , 16 , 4 , 34 , 23 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning0 , 5 , 0 , 18 , 16 , 4 , 34 , 23 ,
Round: 1
Number of Bids35
Allocation1,1,1,6,0,0,0,0,3,3,3,0
Prices18.3,18.3,18.3,5.0,-.0,-.0,-.0,-.0,18.3,18.3,18.3,-.0
Revenue115
Efficiency53.19
Round: 2
Number of Bids56
Allocation7,2,6,7,7,0,2,2,5,5,5,7
Prices34.0,29.0,23.0,5.0,2.0,-.0,14.5,14.5,33.0,23.5,23.5,2.0
Revenue204
Efficiency72.91
Round: 3
Number of Bids71
Allocation1,1,1,6,8,0,0,8,3,3,3,8
Prices39.0,34.0,28.0,10.0,4.5,-.0,-.0,24.0,39.0,27.0,29.0,4.5
Revenue239
Efficiency80.48
Round: 4
Number of Bids84
Allocation7,2,6,7,7,0,2,2,3,3,3,7
Prices43.2,39.0,33.0,15.0,9.9,-.0,13.7,35.3,37.7,24.6,32.7,9.9
Revenue294
Efficiency70.92
Round: 5
Number of Bids95
Allocation8,1,1,6,8,0,1,8,8,5,5,8
Prices43.0,45.5,39.5,20.0,10.5,-.0,15.9,49.0,48.0,13.0,34.0,10.5
Revenue329
Efficiency77.49
Round: 6
Number of Bids104
Allocation8,6,6,6,8,3,3,8,8,5,5,8
Prices43.0,47.2,41.2,31.6,14.4,10.0,21.0,50.5,48.0,9.5,37.5,5.2
Revenue359
Efficiency85.86
Round: 7
Number of Bids106
Allocation8,6,6,6,8,3,3,8,8,5,5,8
Prices22.0,44.0,38.0,38.0,29.0,10.1,20.9,49.0,48.9,8.1,38.9,12.1
Revenue359
Efficiency85.86
Round: 8
Number of Bids108
Allocation7,6,6,7,7,4,4,4,3,3,3,0
Prices31.4,44.0,38.0,37.0,20.6,28.0,21.0,61.0,48.0,7.0,40.0,-.0
Revenue376
Efficiency78.09
Round: 9
Number of Bids111
Allocation8,6,6,6,8,3,3,8,8,5,5,8
Prices11.0,44.0,46.0,49.0,29.0,15.5,15.5,58.5,50.9,6.1,40.9,11.5
Revenue378
Efficiency85.86
Round: 10
Number of Bids113
Allocation8,6,6,6,8,4,2,8,8,0,4,8
Prices13.0,44.0,44.0,51.0,22.6,21.9,21.0,57.5,50.9,-.0,44.1,17.0
Revenue387
Efficiency87.85
Round: 11
Number of Bids114
Allocation8,6,6,6,8,4,2,8,8,3,4,8
Prices11.7,44.0,45.3,49.7,25.0,24.0,21.0,57.2,50.1,5.0,42.0,17.0
Revenue392
Efficiency91.43
Round: 12
Number of Bids115
Allocation7,6,6,6,8,4,2,8,5,5,4,8
Prices5.0,47.0,49.0,43.0,29.9,28.0,21.0,61.0,48.0,9.0,38.0,23.1
Revenue402
Efficiency100.00
Round: 13
Number of Bids116
Allocation7,6,6,6,8,4,2,8,5,5,4,8
Prices5.0,47.0,49.0,43.0,30.2,28.0,21.0,61.0,43.0,14.0,38.0,22.8
Revenue402
Efficiency100.00
Round: 14
Number of Bids116
Allocation7,6,6,6,8,4,2,8,5,5,4,8
Prices5.0,47.0,49.0,43.0,30.2,28.0,21.0,61.0,43.0,14.0,38.0,22.8
Revenue402
Efficiency100.00
Auction: 5
Number of Rounds10
Allocation5,5,1,6,1,1,4,4,3,3,3,4
Optimal Allocation1,2,1,2,3,3,4,4,5,5,5,4
Final Price20.5,27.5,34.5,30.0,29.0,36.5,31.0,5.0,37.0,8.0,42.0,30.0
Surplus451
Optimal Surplus472
Revenue331
Total Penalties0
Total Profits120
Efficiency (surplus/opt_surplus)95.55
Revenue Ratio (revenue/opt_surplus)70.13
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)70.13
Bidder Earnings13 , 0 , 33 , 64 , 7 , 3 , 0 , 0 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning13 , 0 , 33 , 64 , 7 , 3 , 0 , 0 ,
Round: 1
Number of Bids33
Allocation0,2,2,2,1,1,1,8,5,5,5,0
Prices-.0,20.0,5.0,5.0,18.3,18.3,18.3,5.0,15.0,5.0,15.0,-.0
Revenue125
Efficiency67.80
Round: 2
Number of Bids45
Allocation0,2,6,2,3,3,2,8,5,5,3,0
Prices-.0,23.2,10.0,17.4,30.6,29.0,22.4,5.0,17.4,2.6,17.4,-.0
Revenue175
Efficiency61.86
Round: 3
Number of Bids64
Allocation0,2,1,2,1,1,2,8,5,5,5,6
Prices-.0,28.0,20.0,19.0,39.0,26.0,16.0,5.0,32.0,8.0,22.0,5.0
Revenue220
Efficiency70.97
Round: 4
Number of Bids77
Allocation5,5,5,0,8,4,4,4,8,6,6,8
Prices5.0,35.0,18.0,-.0,44.0,23.0,14.0,34.0,32.0,8.0,22.0,15.0
Revenue250
Efficiency81.14
Round: 5
Number of Bids85
Allocation0,2,1,2,1,1,2,8,3,3,3,6
Prices-.0,28.0,20.0,24.0,34.0,46.0,11.0,5.0,47.0,13.0,27.0,20.0
Revenue275
Efficiency71.82
Round: 6
Number of Bids92
Allocation5,5,1,2,1,1,4,4,3,3,3,4
Prices10.5,27.5,24.5,25.0,30.5,45.0,10.5,15.5,37.0,8.0,42.0,25.0
Revenue301
Efficiency94.92
Round: 7
Number of Bids95
Allocation8,2,2,2,8,4,4,4,8,5,5,8
Prices5.0,33.0,30.0,29.0,19.0,50.0,1.0,20.0,42.0,8.0,42.0,30.0
Revenue309
Efficiency87.92
Round: 8
Number of Bids97
Allocation0,2,2,2,3,3,3,0,5,5,5,8
Prices-.0,32.8,29.7,29.5,29.9,49.1,21.0,-.0,46.1,11.0,45.0,30.0
Revenue324
Efficiency80.30
Round: 9
Number of Bids101
Allocation5,5,1,6,1,1,4,4,3,3,3,4
Prices20.5,27.5,34.5,30.0,29.0,36.5,31.0,5.0,37.0,8.0,42.0,30.0
Revenue331
Efficiency95.55
Round: 10
Number of Bids101
Allocation5,5,1,6,1,1,4,4,3,3,3,4
Prices20.5,27.5,34.5,30.0,29.0,36.5,31.0,5.0,37.0,8.0,42.0,30.0
Revenue331
Efficiency95.55
Auction: 6
Number of Rounds11
Allocation1,1,1,8,8,2,4,8,8,4,4,8
Optimal Allocation7,1,2,2,8,2,3,8,8,4,4,8
Final Price50.0,14.0,28.0,41.0,21.2,36.0,29.0,34.8,20.0,21.0,20.0,50.0
Surplus479
Optimal Surplus533
Revenue365
Total Penalties0
Total Profits114
Efficiency (surplus/opt_surplus)89.87
Revenue Ratio (revenue/opt_surplus)68.48
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)68.48
Bidder Earnings9 , 6 , 0 , 40 , 0 , 0 , 0 , 59 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning9 , 6 , 0 , 40 , 0 , 0 , 0 , 59 ,
Round: 1
Number of Bids37
Allocation7,5,5,2,7,2,2,7,3,3,3,7
Prices6.3,6.3,8.7,10.0,3.7,11.2,3.8,5.0,13.8,6.2,5.0,5.0
Revenue85
Efficiency60.98
Round: 2
Number of Bids57
Allocation1,1,1,2,8,2,2,8,8,6,6,8
Prices24.9,24.9,26.2,15.0,10.5,6.9,3.1,11.1,15.5,11.0,10.0,10.0
Revenue169
Efficiency87.05
Round: 3
Number of Bids67
Allocation7,5,5,7,7,3,3,7,7,6,6,6
Prices37.3,6.6,8.4,10.0,5.0,25.3,19.7,29.7,20.0,16.0,15.0,15.0
Revenue208
Efficiency69.98
Round: 4
Number of Bids74
Allocation1,1,1,2,8,2,2,8,8,6,6,8
Prices42.0,16.7,18.3,27.5,6.2,31.1,26.4,18.8,25.0,11.0,10.0,40.0
Revenue273
Efficiency87.05
Round: 5
Number of Bids85
Allocation1,1,1,8,8,3,3,8,8,6,6,8
Prices49.1,5.0,22.9,19.9,6.7,39.1,33.9,25.4,35.0,11.0,10.0,55.0
Revenue313
Efficiency85.37
Round: 6
Number of Bids89
Allocation8,2,2,2,8,3,3,8,8,6,6,8
Prices44.0,5.0,28.0,50.0,5.0,39.0,34.0,18.0,35.0,11.0,10.0,55.0
Revenue334
Efficiency86.12
Round: 7
Number of Bids94
Allocation1,1,1,8,8,2,4,8,8,4,4,8
Prices59.0,5.0,28.0,44.0,10.0,36.0,21.7,24.0,21.3,24.7,23.7,42.7
Revenue340
Efficiency89.87
Round: 8
Number of Bids97
Allocation7,2,2,2,7,3,3,7,0,4,4,4
Prices52.0,8.5,31.5,52.0,21.3,41.3,31.7,34.7,-.0,29.0,28.0,34.0
Revenue364
Efficiency83.49
Round: 9
Number of Bids101
Allocation1,1,1,8,8,2,4,8,8,4,4,8
Prices50.0,14.0,28.0,46.2,13.8,36.0,32.0,27.5,26.5,19.5,18.5,53.0
Revenue365
Efficiency89.87
Round: 10
Number of Bids103
Allocation1,1,1,8,8,2,4,8,8,4,4,8
Prices50.0,14.0,28.0,41.0,21.2,36.0,29.0,34.8,20.0,21.0,20.0,50.0
Revenue365
Efficiency89.87
Round: 11
Number of Bids103
Allocation1,1,1,8,8,2,4,8,8,4,4,8
Prices50.0,14.0,28.0,41.0,21.2,36.0,29.0,34.8,20.0,21.0,20.0,50.0
Revenue365
Efficiency89.87
Auction: 7
Number of Rounds13
Allocation7,5,5,7,7,3,3,7,8,4,4,4
Optimal Allocation7,5,5,7,1,1,1,7,5,4,4,4
Final Price40.0,29.0,21.0,35.0,61.0,26.0,29.0,49.0,5.0,55.0,55.0,8.0
Surplus519
Optimal Surplus546
Revenue413
Total Penalties0
Total Profits106
Efficiency (surplus/opt_surplus)95.05
Revenue Ratio (revenue/opt_surplus)75.64
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)75.64
Bidder Earnings0 , 0 , 10 , 18 , 22 , 0 , 39 , 17 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning0 , 0 , 10 , 18 , 22 , 0 , 39 , 17 ,
Round: 1
Number of Bids30
Allocation0,0,2,2,3,3,3,2,5,5,5,6
Prices-.0,-.0,20.0,5.0,10.0,.0,15.0,5.0,18.3,18.3,18.3,5.0
Revenue115
Efficiency63.92
Round: 2
Number of Bids48
Allocation8,2,0,8,8,2,2,8,8,6,6,8
Prices20.2,34.8,-.0,15.0,4.3,13.9,21.4,15.0,8.5,23.5,23.5,10.0
Revenue190
Efficiency59.34
Round: 3
Number of Bids68
Allocation7,0,2,2,3,3,3,2,5,6,5,6
Prices5.0,-.0,55.0,15.0,35.0,9.4,20.6,15.0,18.0,29.0,29.0,15.0
Revenue246
Efficiency70.33
Round: 4
Number of Bids84
Allocation5,2,5,8,8,2,2,8,8,6,6,8
Prices10.0,40.0,25.0,20.0,24.7,12.8,22.2,40.0,18.3,34.0,34.0,20.0
Revenue301
Efficiency67.22
Round: 5
Number of Bids94
Allocation7,5,5,7,7,3,3,7,7,4,4,4
Prices27.5,20.0,30.0,25.0,20.0,22.3,32.7,50.0,15.5,42.7,42.8,17.5
Revenue346
Efficiency93.41
Round: 6
Number of Bids99
Allocation5,5,5,7,8,3,3,8,8,6,6,8
Prices30.0,20.0,42.0,10.0,27.0,.0,55.0,49.6,23.0,34.0,34.0,23.4
Revenue348
Efficiency78.94
Round: 7
Number of Bids107
Allocation7,5,5,7,7,3,3,7,7,4,4,4
Prices25.0,18.7,31.3,10.0,35.0,17.7,37.3,58.7,9.3,43.0,43.0,20.0
Revenue349
Efficiency93.41
Round: 8
Number of Bids115
Allocation5,5,5,2,8,3,3,8,8,6,6,8
Prices32.0,29.0,31.0,35.0,36.0,32.0,23.0,34.0,33.0,34.0,34.0,20.0
Revenue373
Efficiency78.94
Round: 9
Number of Bids118
Allocation5,5,5,2,8,3,3,8,8,6,6,8
Prices32.0,30.7,29.3,35.0,42.0,27.7,27.3,35.7,25.3,34.0,34.0,20.0
Revenue373
Efficiency78.94
Round: 10
Number of Bids120
Allocation7,5,5,7,7,3,3,7,0,4,4,4
Prices42.0,29.0,21.0,35.0,56.1,26.0,29.0,51.9,-.0,51.5,51.5,15.0
Revenue408
Efficiency91.03
Round: 11
Number of Bids124
Allocation7,5,5,7,7,3,3,7,8,4,4,4
Prices40.0,29.9,20.1,35.0,60.1,26.9,28.1,49.9,5.0,55.0,55.0,8.0
Revenue413
Efficiency95.05
Round: 12
Number of Bids125
Allocation7,5,5,7,7,3,3,7,8,4,4,4
Prices40.0,29.0,21.0,35.0,61.0,26.0,29.0,49.0,5.0,55.0,55.0,8.0
Revenue413
Efficiency95.05
Round: 13
Number of Bids125
Allocation7,5,5,7,7,3,3,7,8,4,4,4
Prices40.0,29.0,21.0,35.0,61.0,26.0,29.0,49.0,5.0,55.0,55.0,8.0
Revenue413
Efficiency95.05