Experiment Definition

Experiment Name: SMR_HO_HC_WR Mar_09_06_afternoon_LEFT

Total Number Subjects: 8

Group Size: 8

Are Groups Synchronized?

Cash Exchange Rate: 0.4

Experiment Runtime Information

Experiment ID: 328

Experiment Starting Time: 2006-03-09 14:42:41.0

Total Number Of Participants: 8

Experiment Definition Id: 200

Experiment Experimenter Id: 134

Auction-- Statistics

AttributeGroup : 1 Statistics
Auction: 2
Number of Rounds11
Allocation8,1,1,8,8,3,1,8,8,4,5,8
Optimal Allocation7,1,1,7,7,3,1,7,7,4,5,7
Final Price40.0,30.0,35.0,70.0,45.0,30.0,30.0,45.0,70.0,35.0,15.0,70.0
Surplus565
Optimal Surplus627
Revenue515
Total Penalties0
Total Profits50
Efficiency (surplus/opt_surplus)90.11
Revenue Ratio (revenue/opt_surplus)82.14
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)82.14
Bidder Earnings11 , 0 , 5 , 9 , 23 , 0 , 0 , 2 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning11 , 0 , 5 , 9 , 23 , 0 , 0 , 2 ,
Round: 1
Number of Bids30
Allocation7,2,6,7,7,2,1,7,7,5,6,7
Prices15.0,5.0,5.0,15.0,15.0,5.0,5.0,15.0,15.0,5.0,5.0,15.0
Revenue120
Efficiency90.91
Round: 2
Number of Bids50
Allocation8,1,6,8,3,2,3,2,5,3,4,6
Prices20.0,10.0,20.0,20.0,25.0,5.0,15.0,20.0,20.0,10.0,10.0,20.0
Revenue195
Efficiency55.66
Round: 3
Number of Bids68
Allocation7,6,1,7,7,2,1,7,7,4,5,7
Prices25.0,20.0,25.0,35.0,30.0,5.0,20.0,30.0,35.0,15.0,15.0,35.0
Revenue290
Efficiency97.45
Round: 4
Number of Bids83
Allocation8,2,6,8,8,3,1,4,8,6,5,8
Prices30.0,25.0,30.0,40.0,35.0,15.0,20.0,35.0,40.0,20.0,15.0,40.0
Revenue345
Efficiency81.98
Round: 5
Number of Bids96
Allocation7,1,1,7,7,2,2,7,7,5,5,7
Prices35.0,30.0,35.0,45.0,40.0,20.0,25.0,40.0,45.0,25.0,15.0,45.0
Revenue400
Efficiency93.30
Round: 6
Number of Bids105
Allocation8,1,1,8,8,3,1,8,8,4,5,8
Prices40.0,30.0,35.0,50.0,45.0,30.0,30.0,45.0,50.0,30.0,15.0,50.0
Revenue450
Efficiency90.11
Round: 7
Number of Bids108
Allocation8,1,1,7,8,3,1,8,7,4,5,7
Prices40.0,30.0,35.0,55.0,45.0,30.0,30.0,45.0,55.0,30.0,15.0,55.0
Revenue465
Efficiency80.86
Round: 8
Number of Bids111
Allocation8,1,1,8,8,3,1,8,8,4,5,8
Prices40.0,30.0,35.0,60.0,45.0,30.0,30.0,45.0,60.0,30.0,15.0,60.0
Revenue480
Efficiency90.11
Round: 9
Number of Bids114
Allocation8,1,1,7,8,3,1,8,7,4,5,7
Prices40.0,30.0,35.0,65.0,45.0,30.0,30.0,45.0,65.0,30.0,15.0,65.0
Revenue495
Efficiency80.86
Round: 10
Number of Bids118
Allocation8,1,1,8,8,3,1,8,8,4,5,8
Prices40.0,30.0,35.0,70.0,45.0,30.0,30.0,45.0,70.0,35.0,15.0,70.0
Revenue515
Efficiency90.11
Round: 11
Number of Bids118
Allocation8,1,1,8,8,3,1,8,8,4,5,8
Prices40.0,30.0,35.0,70.0,45.0,30.0,30.0,45.0,70.0,35.0,15.0,70.0
Revenue515
Efficiency90.11
Auction: 3
Number of Rounds9
Allocation7,6,6,7,7,4,4,0,7,5,4,7
Optimal Allocation7,6,6,7,7,4,2,7,7,5,4,7
Final Price40.0,25.0,15.0,55.0,45.0,40.0,40.0,10.0,45.0,30.0,40.0,40.0
Surplus499
Optimal Surplus570
Revenue415
Total Penalties10
Total Profits84
Efficiency (surplus/opt_surplus)87.54
Revenue Ratio (revenue/opt_surplus)72.81
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)74.56
Bidder Earnings0 , 0 , 0 , 7 , 2 , 21 , 54 , 0 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 10 ,
Bidder Net Earning0 , 0 , 0 , 7 , 2 , 21 , 54 , -10 ,
Round: 1
Number of Bids30
Allocation7,6,0,6,7,2,2,7,7,3,6,7
Prices15.0,15.0,.0,15.0,15.0,5.0,15.0,15.0,15.0,5.0,15.0,15.0
Revenue145
Efficiency79.82
Round: 2
Number of Bids52
Allocation8,6,0,7,1,4,1,2,8,5,6,8
Prices20.0,25.0,.0,30.0,20.0,10.0,20.0,20.0,25.0,10.0,25.0,25.0
Revenue230
Efficiency56.32
Round: 3
Number of Bids71
Allocation7,6,0,8,3,3,4,8,5,3,4,7
Prices25.0,25.0,.0,40.0,30.0,15.0,25.0,25.0,30.0,15.0,30.0,30.0
Revenue290
Efficiency68.25
Round: 4
Number of Bids90
Allocation8,6,6,6,8,2,2,7,8,5,5,8
Prices30.0,25.0,5.0,45.0,35.0,20.0,35.0,30.0,35.0,20.0,35.0,35.0
Revenue350
Efficiency69.65
Round: 5
Number of Bids105
Allocation7,6,6,7,7,1,4,8,7,3,4,8
Prices40.0,25.0,5.0,55.0,45.0,25.0,40.0,40.0,45.0,25.0,40.0,35.0
Revenue420
Efficiency79.12
Round: 6
Number of Bids111
Allocation7,6,1,7,7,3,4,8,7,5,4,7
Prices40.0,25.0,10.0,55.0,45.0,35.0,40.0,40.0,45.0,30.0,40.0,40.0
Revenue445
Efficiency88.07
Round: 7
Number of Bids113
Allocation7,6,6,7,7,4,4,8,7,5,4,7
Prices40.0,25.0,15.0,55.0,45.0,40.0,40.0,40.0,45.0,30.0,40.0,40.0
Revenue455
Efficiency91.58
Round: 8
Number of Bids113
Allocation7,6,6,7,7,4,4,0,7,5,4,7
Prices40.0,25.0,15.0,55.0,45.0,40.0,40.0,25.0,45.0,30.0,40.0,40.0
Revenue455
Efficiency91.58
Round: 9
Number of Bids112
Allocation7,6,6,7,7,4,4,0,7,5,4,7
Prices40.0,25.0,15.0,55.0,45.0,40.0,40.0,10.0,45.0,30.0,40.0,40.0
Revenue415
Efficiency87.54
Auction: 4
Number of Rounds8
Allocation8,6,6,8,8,4,2,4,7,5,4,8
Optimal Allocation8,6,6,8,8,4,2,8,8,5,4,8
Final Price50.0,45.0,40.0,50.0,20.0,30.0,25.0,50.0,50.0,20.0,40.0,50.0
Surplus482
Optimal Surplus539
Revenue470
Total Penalties0
Total Profits12
Efficiency (surplus/opt_surplus)89.42
Revenue Ratio (revenue/opt_surplus)87.20
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)87.20
Bidder Earnings0 , 1 , 0 , 3 , 5 , 5 , -8 , 6 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning0 , 1 , 0 , 3 , 5 , 5 , -8 , 6 ,
Round: 1
Number of Bids30
Allocation7,6,6,7,7,3,3,7,7,5,4,7
Prices15.0,15.0,15.0,15.0,15.0,25.0,10.0,15.0,15.0,5.0,20.0,15.0
Revenue180
Efficiency94.06
Round: 2
Number of Bids48
Allocation1,2,1,6,8,4,2,2,5,3,5,8
Prices20.0,20.0,20.0,25.0,20.0,30.0,15.0,20.0,20.0,15.0,25.0,20.0
Revenue250
Efficiency79.22
Round: 3
Number of Bids65
Allocation7,6,6,7,8,4,2,4,7,5,4,7
Prices35.0,30.0,30.0,35.0,20.0,30.0,15.0,30.0,35.0,20.0,40.0,35.0
Revenue355
Efficiency93.51
Round: 4
Number of Bids77
Allocation8,2,1,8,8,4,1,2,5,5,4,8
Prices40.0,35.0,35.0,40.0,20.0,30.0,20.0,35.0,40.0,20.0,40.0,40.0
Revenue395
Efficiency87.76
Round: 5
Number of Bids88
Allocation7,1,6,7,8,4,2,4,8,5,4,7
Prices45.0,40.0,40.0,45.0,20.0,30.0,25.0,40.0,45.0,20.0,40.0,45.0
Revenue435
Efficiency76.81
Round: 6
Number of Bids94
Allocation8,6,6,8,8,4,2,8,7,5,4,8
Prices50.0,45.0,40.0,50.0,20.0,30.0,25.0,45.0,50.0,20.0,40.0,50.0
Revenue465
Efficiency97.96
Round: 7
Number of Bids95
Allocation8,6,6,8,8,4,2,4,7,5,4,8
Prices50.0,45.0,40.0,50.0,20.0,30.0,25.0,50.0,50.0,20.0,40.0,50.0
Revenue470
Efficiency89.42
Round: 8
Number of Bids95
Allocation8,6,6,8,8,4,2,4,7,5,4,8
Prices50.0,45.0,40.0,50.0,20.0,30.0,25.0,50.0,50.0,20.0,40.0,50.0
Revenue470
Efficiency89.42
Auction: 5
Number of Rounds10
Allocation8,2,1,8,8,4,4,4,8,3,3,8
Optimal Allocation8,2,1,8,8,4,4,4,8,3,3,8
Final Price40.0,25.0,30.0,40.0,50.0,50.0,30.0,60.0,45.0,15.0,45.0,30.0
Surplus554
Optimal Surplus554
Revenue460
Total Penalties0
Total Profits94
Efficiency (surplus/opt_surplus)100.00
Revenue Ratio (revenue/opt_surplus)83.03
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)83.03
Bidder Earnings11 , -1 , 10 , 6 , 0 , 0 , 0 , 68 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning11 , -1 , 10 , 6 , 0 , 0 , 0 , 68 ,
Round: 1
Number of Bids30
Allocation8,2,2,6,8,4,4,4,7,3,6,6
Prices5.0,15.0,15.0,15.0,15.0,20.0,20.0,20.0,10.0,5.0,15.0,15.0
Revenue170
Efficiency72.38
Round: 2
Number of Bids48
Allocation7,2,5,2,7,1,3,8,8,3,5,8
Prices10.0,15.0,20.0,20.0,20.0,25.0,25.0,25.0,15.0,5.0,20.0,20.0
Revenue220
Efficiency60.47
Round: 3
Number of Bids65
Allocation5,2,2,7,8,4,4,7,7,6,5,6
Prices15.0,15.0,25.0,25.0,25.0,30.0,30.0,30.0,20.0,10.0,20.0,25.0
Revenue270
Efficiency63.54
Round: 4
Number of Bids82
Allocation7,2,1,8,3,1,4,8,8,3,3,8
Prices25.0,15.0,30.0,30.0,30.0,35.0,30.0,35.0,25.0,15.0,25.0,30.0
Revenue325
Efficiency79.24
Round: 5
Number of Bids92
Allocation8,5,1,2,7,4,4,4,7,3,5,8
Prices30.0,20.0,30.0,35.0,35.0,40.0,30.0,40.0,40.0,15.0,30.0,30.0
Revenue375
Efficiency82.31
Round: 6
Number of Bids100
Allocation8,2,1,8,3,1,4,8,8,3,5,8
Prices30.0,25.0,30.0,40.0,45.0,45.0,30.0,45.0,45.0,15.0,30.0,30.0
Revenue410
Efficiency92.42
Round: 7
Number of Bids104
Allocation8,2,1,8,8,4,4,4,8,3,3,8
Prices30.0,25.0,30.0,40.0,50.0,50.0,30.0,50.0,45.0,15.0,35.0,30.0
Revenue430
Efficiency100.00
Round: 8
Number of Bids107
Allocation1,2,1,8,8,4,4,8,8,3,5,8
Prices35.0,25.0,30.0,40.0,50.0,50.0,30.0,55.0,45.0,15.0,40.0,30.0
Revenue445
Efficiency81.77
Round: 9
Number of Bids110
Allocation8,2,1,8,8,4,4,4,8,3,3,8
Prices40.0,25.0,30.0,40.0,50.0,50.0,30.0,60.0,45.0,15.0,45.0,30.0
Revenue460
Efficiency100.00
Round: 10
Number of Bids110
Allocation8,2,1,8,8,4,4,4,8,3,3,8
Prices40.0,25.0,30.0,40.0,50.0,50.0,30.0,60.0,45.0,15.0,45.0,30.0
Revenue460
Efficiency100.00
Auction: 6
Number of Rounds24
Allocation8,1,1,8,8,3,3,8,8,4,4,8
Optimal Allocation8,1,2,8,8,2,3,8,8,4,4,8
Final Price50.0,20.0,20.0,30.0,50.0,15.0,55.0,50.0,45.0,35.0,25.0,75.0
Surplus601
Optimal Surplus610
Revenue470
Total Penalties0
Total Profits131
Efficiency (surplus/opt_surplus)98.52
Revenue Ratio (revenue/opt_surplus)77.05
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)77.05
Bidder Earnings17 , 0 , 11 , 19 , 0 , 0 , 0 , 84 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning17 , 0 , 11 , 19 , 0 , 0 , 0 , 84 ,
Round: 1
Number of Bids27
Allocation7,5,5,7,7,0,0,7,7,4,4,4
Prices15.0,5.0,5.0,15.0,15.0,.0,.0,15.0,15.0,25.0,15.0,25.0
Revenue150
Efficiency64.92
Round: 2
Number of Bids40
Allocation1,1,1,8,8,3,3,8,8,4,4,8
Prices20.0,10.0,10.0,20.0,20.0,5.0,5.0,20.0,20.0,25.0,15.0,30.0
Revenue200
Efficiency86.39
Round: 3
Number of Bids51
Allocation7,5,5,7,7,3,3,7,5,4,4,7
Prices25.0,15.0,15.0,25.0,25.0,5.0,5.0,25.0,25.0,25.0,15.0,35.0
Revenue240
Efficiency73.44
Round: 4
Number of Bids62
Allocation8,1,5,8,8,1,1,8,7,4,4,4
Prices30.0,20.0,15.0,30.0,30.0,10.0,10.0,30.0,30.0,25.0,15.0,40.0
Revenue285
Efficiency75.25
Round: 5
Number of Bids69
Allocation7,1,5,8,7,3,3,7,8,4,4,8
Prices35.0,20.0,15.0,30.0,35.0,15.0,15.0,35.0,35.0,25.0,15.0,45.0
Revenue320
Efficiency71.31
Round: 6
Number of Bids76
Allocation1,1,1,8,8,3,3,8,7,4,4,4
Prices40.0,20.0,20.0,30.0,40.0,15.0,15.0,40.0,40.0,25.0,15.0,50.0
Revenue350
Efficiency76.39
Round: 7
Number of Bids82
Allocation7,1,1,8,7,3,3,7,8,4,4,8
Prices45.0,20.0,20.0,30.0,45.0,15.0,15.0,45.0,45.0,25.0,15.0,55.0
Revenue375
Efficiency72.46
Round: 8
Number of Bids86
Allocation8,1,1,8,8,3,4,8,8,4,4,8
Prices50.0,20.0,20.0,30.0,50.0,15.0,20.0,50.0,45.0,25.0,15.0,55.0
Revenue395
Efficiency95.08
Round: 9
Number of Bids87
Allocation8,1,1,8,8,3,3,8,8,4,4,8
Prices50.0,20.0,20.0,30.0,50.0,15.0,25.0,50.0,45.0,25.0,15.0,55.0
Revenue400
Efficiency98.52
Round: 10
Number of Bids88
Allocation8,1,1,8,8,3,4,8,8,4,4,8
Prices50.0,20.0,20.0,30.0,50.0,15.0,30.0,50.0,45.0,25.0,15.0,55.0
Revenue405
Efficiency95.08
Round: 11
Number of Bids89
Allocation8,1,1,8,8,3,3,8,8,4,4,8
Prices50.0,20.0,20.0,30.0,50.0,15.0,35.0,50.0,45.0,25.0,15.0,55.0
Revenue410
Efficiency98.52
Round: 12
Number of Bids90
Allocation8,1,1,8,8,3,3,8,8,4,4,4
Prices50.0,20.0,20.0,30.0,50.0,15.0,35.0,50.0,45.0,25.0,15.0,60.0
Revenue415
Efficiency92.13
Round: 13
Number of Bids91
Allocation8,1,1,8,8,3,3,8,8,4,4,8
Prices50.0,20.0,20.0,30.0,50.0,15.0,35.0,50.0,45.0,25.0,15.0,65.0
Revenue420
Efficiency98.52
Round: 14
Number of Bids92
Allocation8,1,1,8,8,3,4,8,8,4,4,8
Prices50.0,20.0,20.0,30.0,50.0,15.0,40.0,50.0,45.0,25.0,15.0,65.0
Revenue425
Efficiency95.08
Round: 15
Number of Bids93
Allocation8,1,1,8,8,3,3,8,8,4,4,8
Prices50.0,20.0,20.0,30.0,50.0,15.0,45.0,50.0,45.0,25.0,15.0,65.0
Revenue430
Efficiency98.52
Round: 16
Number of Bids94
Allocation8,1,1,8,8,3,3,8,8,4,4,4
Prices50.0,20.0,20.0,30.0,50.0,15.0,45.0,50.0,45.0,25.0,15.0,70.0
Revenue435
Efficiency92.13
Round: 17
Number of Bids95
Allocation8,1,1,8,8,3,3,8,8,4,4,8
Prices50.0,20.0,20.0,30.0,50.0,15.0,45.0,50.0,45.0,25.0,15.0,75.0
Revenue440
Efficiency98.52
Round: 18
Number of Bids96
Allocation8,1,1,8,8,3,4,8,8,4,4,8
Prices50.0,20.0,20.0,30.0,50.0,15.0,50.0,50.0,45.0,25.0,15.0,75.0
Revenue445
Efficiency95.08
Round: 19
Number of Bids97
Allocation8,1,1,8,8,3,4,8,8,4,3,8
Prices50.0,20.0,20.0,30.0,50.0,15.0,50.0,50.0,45.0,25.0,20.0,75.0
Revenue450
Efficiency91.31
Round: 20
Number of Bids98
Allocation8,1,1,8,8,3,4,8,8,4,4,8
Prices50.0,20.0,20.0,30.0,50.0,15.0,50.0,50.0,45.0,25.0,25.0,75.0
Revenue455
Efficiency95.08
Round: 21
Number of Bids99
Allocation8,1,1,8,8,3,4,8,8,3,4,8
Prices50.0,20.0,20.0,30.0,50.0,15.0,50.0,50.0,45.0,30.0,25.0,75.0
Revenue460
Efficiency91.15
Round: 22
Number of Bids100
Allocation8,1,1,8,8,3,4,8,8,4,4,8
Prices50.0,20.0,20.0,30.0,50.0,15.0,50.0,50.0,45.0,35.0,25.0,75.0
Revenue465
Efficiency95.08
Round: 23
Number of Bids101
Allocation8,1,1,8,8,3,3,8,8,4,4,8
Prices50.0,20.0,20.0,30.0,50.0,15.0,55.0,50.0,45.0,35.0,25.0,75.0
Revenue470
Efficiency98.52
Round: 24
Number of Bids101
Allocation8,1,1,8,8,3,3,8,8,4,4,8
Prices50.0,20.0,20.0,30.0,50.0,15.0,55.0,50.0,45.0,35.0,25.0,75.0
Revenue470
Efficiency98.52
Auction: 7
Number of Rounds8
Allocation7,5,1,7,7,1,3,7,7,4,4,7
Optimal Allocation7,5,5,7,7,1,1,7,7,4,4,7
Final Price50.0,35.0,30.0,50.0,50.0,35.0,30.0,55.0,50.0,40.0,35.0,60.0
Surplus622
Optimal Surplus633
Revenue520
Total Penalties0
Total Profits102
Efficiency (surplus/opt_surplus)98.26
Revenue Ratio (revenue/opt_surplus)82.15
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)82.15
Bidder Earnings-1 , 0 , -2 , 9 , 1 , 0 , 95 , 0 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning-1 , 0 , -2 , 9 , 1 , 0 , 95 , 0 ,
Round: 1
Number of Bids30
Allocation7,2,2,7,7,1,1,7,7,4,4,4
Prices20.0,10.0,5.0,20.0,20.0,5.0,5.0,20.0,20.0,20.0,25.0,20.0
Revenue190
Efficiency93.05
Round: 2
Number of Bids48
Allocation8,2,6,2,3,1,1,8,5,6,6,7
Prices25.0,10.0,20.0,30.0,25.0,5.0,5.0,25.0,25.0,25.0,30.0,30.0
Revenue255
Efficiency64.14
Round: 3
Number of Bids66
Allocation7,5,6,7,7,4,4,7,7,5,6,8
Prices40.0,15.0,20.0,40.0,40.0,10.0,10.0,40.0,40.0,30.0,30.0,35.0
Revenue350
Efficiency79.78
Round: 4
Number of Bids83
Allocation8,2,5,8,8,2,2,4,8,6,6,7
Prices45.0,20.0,25.0,45.0,45.0,15.0,15.0,45.0,45.0,35.0,30.0,45.0
Revenue410
Efficiency68.56
Round: 5
Number of Bids98
Allocation7,5,5,7,7,1,1,8,7,6,4,8
Prices50.0,25.0,25.0,50.0,50.0,20.0,20.0,50.0,50.0,35.0,35.0,50.0
Revenue460
Efficiency72.20
Round: 6
Number of Bids108
Allocation7,2,1,7,7,3,3,7,7,4,4,4
Prices50.0,30.0,30.0,50.0,50.0,30.0,30.0,55.0,50.0,40.0,35.0,55.0
Revenue505
Efficiency91.94
Round: 7
Number of Bids111
Allocation7,5,1,7,7,1,3,7,7,4,4,7
Prices50.0,35.0,30.0,50.0,50.0,35.0,30.0,55.0,50.0,40.0,35.0,60.0
Revenue520
Efficiency98.26
Round: 8
Number of Bids111
Allocation7,5,1,7,7,1,3,7,7,4,4,7
Prices50.0,35.0,30.0,50.0,50.0,35.0,30.0,55.0,50.0,40.0,35.0,60.0
Revenue520
Efficiency98.26