Experiment Definition

Experiment Name: SMR_LO_LC_WR Mar_09_06_evening_LEFT

Total Number Subjects: 8

Group Size: 8

Are Groups Synchronized?

Cash Exchange Rate: 0.4

Experiment Runtime Information

Experiment ID: 329

Experiment Starting Time: 2006-03-09 18:38:28.0

Total Number Of Participants: 8

Experiment Definition Id: 201

Experiment Experimenter Id: 134

Auction-- Statistics

AttributeGroup : 1 Statistics
Auction: 2
Number of Rounds8
Allocation7,1,1,7,8,3,1,7,8,4,5,8
Optimal Allocation7,1,6,7,3,3,1,4,8,4,5,8
Final Price20.0,30.0,25.0,25.0,25.0,30.0,25.0,25.0,20.0,25.0,5.0,20.0
Surplus392
Optimal Surplus400
Revenue275
Total Penalties0
Total Profits117
Efficiency (surplus/opt_surplus)98.00
Revenue Ratio (revenue/opt_surplus)68.75
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)68.75
Bidder Earnings19 , 0 , 5 , 19 , 33 , 0 , 25 , 16 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning19 , 0 , 5 , 19 , 33 , 0 , 25 , 16 ,
Round: 1
Number of Bids27
Allocation7,2,6,2,7,3,0,2,7,4,5,6
Prices5.0,25.0,5.0,20.0,5.0,5.0,.0,20.0,5.0,5.0,5.0,5.0
Revenue105
Efficiency72.50
Round: 2
Number of Bids41
Allocation1,1,1,7,8,3,0,7,8,6,5,8
Prices15.0,30.0,15.0,25.0,10.0,5.0,.0,25.0,10.0,10.0,5.0,10.0
Revenue160
Efficiency80.00
Round: 3
Number of Bids52
Allocation7,1,6,7,7,2,2,7,7,4,5,6
Prices20.0,30.0,20.0,25.0,15.0,25.0,5.0,25.0,15.0,15.0,5.0,15.0
Revenue215
Efficiency83.25
Round: 4
Number of Bids60
Allocation7,1,1,7,3,3,1,7,8,4,5,8
Prices20.0,30.0,25.0,25.0,20.0,30.0,10.0,25.0,20.0,15.0,5.0,20.0
Revenue245
Efficiency99.00
Round: 5
Number of Bids62
Allocation7,1,1,7,8,3,1,7,8,3,5,8
Prices20.0,30.0,25.0,25.0,25.0,30.0,10.0,25.0,20.0,20.0,5.0,20.0
Revenue255
Efficiency92.75
Round: 6
Number of Bids64
Allocation7,1,1,7,8,3,3,7,8,4,5,8
Prices20.0,30.0,25.0,25.0,25.0,30.0,15.0,25.0,20.0,25.0,5.0,20.0
Revenue265
Efficiency91.75
Round: 7
Number of Bids65
Allocation7,1,1,7,8,3,1,7,8,4,5,8
Prices20.0,30.0,25.0,25.0,25.0,30.0,25.0,25.0,20.0,25.0,5.0,20.0
Revenue275
Efficiency98.00
Round: 8
Number of Bids65
Allocation7,1,1,7,8,3,1,7,8,4,5,8
Prices20.0,30.0,25.0,25.0,25.0,30.0,25.0,25.0,20.0,25.0,5.0,20.0
Revenue275
Efficiency98.00
Auction: 3
Number of Rounds15
Allocation7,6,6,6,3,4,2,8,5,3,3,4
Optimal Allocation7,6,1,7,3,4,2,8,5,5,4,4
Final Price25.0,15.0,15.0,40.0,40.0,30.0,25.0,20.0,35.0,20.0,30.0,25.0
Surplus409
Optimal Surplus432
Revenue320
Total Penalties0
Total Profits89
Efficiency (surplus/opt_surplus)94.68
Revenue Ratio (revenue/opt_surplus)74.07
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)74.07
Bidder Earnings0 , 18 , 16 , 21 , 5 , 21 , 5 , 3 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning0 , 18 , 16 , 21 , 5 , 21 , 5 , 3 ,
Round: 1
Number of Bids28
Allocation7,6,0,6,7,2,2,2,7,5,6,7
Prices5.0,5.0,.0,5.0,5.0,20.0,25.0,5.0,5.0,5.0,5.0,5.0
Revenue90
Efficiency68.52
Round: 2
Number of Bids41
Allocation7,6,1,7,1,1,2,8,3,5,4,8
Prices5.0,5.0,10.0,10.0,10.0,25.0,25.0,10.0,10.0,5.0,10.0,10.0
Revenue155
Efficiency94.44
Round: 3
Number of Bids50
Allocation7,2,1,2,7,1,2,7,3,3,6,4
Prices5.0,10.0,10.0,15.0,15.0,25.0,25.0,15.0,10.0,10.0,15.0,15.0
Revenue170
Efficiency77.31
Round: 4
Number of Bids59
Allocation1,6,1,6,8,1,2,8,5,3,4,4
Prices10.0,15.0,10.0,20.0,20.0,25.0,25.0,20.0,15.0,10.0,20.0,15.0
Revenue205
Efficiency93.52
Round: 5
Number of Bids65
Allocation7,6,1,7,7,1,2,8,3,3,6,4
Prices15.0,15.0,10.0,25.0,25.0,25.0,25.0,20.0,20.0,10.0,25.0,15.0
Revenue230
Efficiency90.74
Round: 6
Number of Bids71
Allocation1,6,1,6,8,4,2,8,3,5,6,4
Prices20.0,15.0,10.0,30.0,30.0,30.0,25.0,20.0,20.0,15.0,25.0,15.0
Revenue255
Efficiency95.37
Round: 7
Number of Bids76
Allocation7,6,1,7,1,4,2,8,3,3,6,4
Prices25.0,15.0,10.0,35.0,35.0,30.0,25.0,20.0,20.0,20.0,25.0,15.0
Revenue275
Efficiency94.91
Round: 8
Number of Bids80
Allocation7,6,1,6,3,4,2,8,5,3,6,4
Prices25.0,15.0,10.0,40.0,40.0,30.0,25.0,20.0,25.0,20.0,25.0,15.0
Revenue290
Efficiency95.60
Round: 9
Number of Bids81
Allocation7,6,1,6,3,4,2,8,3,3,6,4
Prices25.0,15.0,10.0,40.0,40.0,30.0,25.0,20.0,30.0,20.0,25.0,15.0
Revenue295
Efficiency95.37
Round: 10
Number of Bids82
Allocation7,6,1,6,3,4,2,8,5,3,6,4
Prices25.0,15.0,10.0,40.0,40.0,30.0,25.0,20.0,35.0,20.0,25.0,15.0
Revenue300
Efficiency95.60
Round: 11
Number of Bids83
Allocation7,6,1,6,3,4,2,8,5,3,3,4
Prices25.0,15.0,10.0,40.0,40.0,30.0,25.0,20.0,35.0,20.0,30.0,15.0
Revenue305
Efficiency94.68
Round: 12
Number of Bids84
Allocation7,6,1,6,3,4,2,8,5,3,3,6
Prices25.0,15.0,10.0,40.0,40.0,30.0,25.0,20.0,35.0,20.0,30.0,20.0
Revenue310
Efficiency94.21
Round: 13
Number of Bids85
Allocation7,6,1,6,3,4,2,8,5,3,3,4
Prices25.0,15.0,10.0,40.0,40.0,30.0,25.0,20.0,35.0,20.0,30.0,25.0
Revenue315
Efficiency94.68
Round: 14
Number of Bids86
Allocation7,6,6,6,3,4,2,8,5,3,3,4
Prices25.0,15.0,15.0,40.0,40.0,30.0,25.0,20.0,35.0,20.0,30.0,25.0
Revenue320
Efficiency94.68
Round: 15
Number of Bids86
Allocation7,6,6,6,3,4,2,8,5,3,3,4
Prices25.0,15.0,15.0,40.0,40.0,30.0,25.0,20.0,35.0,20.0,30.0,25.0
Revenue320
Efficiency94.68
Auction: 4
Number of Rounds13
Allocation0,6,1,6,8,4,2,8,3,5,4,8
Optimal Allocation7,6,1,6,8,4,2,8,5,5,4,8
Final Price35.0,40.0,40.0,20.0,20.0,30.0,20.0,30.0,35.0,20.0,30.0,20.0
Surplus395
Optimal Surplus435
Revenue305
Total Penalties10
Total Profits90
Efficiency (surplus/opt_surplus)90.80
Revenue Ratio (revenue/opt_surplus)70.11
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)72.41
Bidder Earnings2 , 6 , 4 , 24 , 5 , 20 , 0 , 29 ,
Bidder Penalties10 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning-8 , 6 , 4 , 24 , 5 , 20 , 0 , 29 ,
Round: 1
Number of Bids29
Allocation7,2,6,7,7,3,2,2,3,0,3,7
Prices5.0,25.0,5.0,5.0,5.0,5.0,10.0,25.0,15.0,.0,5.0,5.0
Revenue110
Efficiency71.72
Round: 2
Number of Bids42
Allocation8,1,1,6,8,4,2,8,3,0,4,8
Prices10.0,35.0,10.0,10.0,10.0,10.0,10.0,30.0,15.0,.0,10.0,10.0
Revenue160
Efficiency84.83
Round: 3
Number of Bids52
Allocation7,6,6,7,8,4,2,8,3,3,3,8
Prices15.0,40.0,15.0,15.0,10.0,10.0,10.0,30.0,15.0,5.0,15.0,10.0
Revenue190
Efficiency89.66
Round: 4
Number of Bids58
Allocation1,6,1,6,8,4,1,8,5,3,4,8
Prices20.0,40.0,20.0,20.0,10.0,10.0,15.0,30.0,20.0,5.0,20.0,10.0
Revenue220
Efficiency95.17
Round: 5
Number of Bids63
Allocation7,6,6,6,8,3,2,8,3,3,4,8
Prices25.0,40.0,25.0,20.0,10.0,15.0,20.0,30.0,25.0,5.0,20.0,10.0
Revenue245
Efficiency94.48
Round: 6
Number of Bids68
Allocation1,6,1,6,1,4,2,8,3,5,4,8
Prices30.0,40.0,30.0,20.0,15.0,20.0,20.0,30.0,25.0,10.0,20.0,10.0
Revenue270
Efficiency95.40
Round: 7
Number of Bids73
Allocation7,6,1,6,8,4,2,8,3,3,6,8
Prices35.0,40.0,30.0,20.0,20.0,20.0,20.0,30.0,25.0,15.0,25.0,10.0
Revenue290
Efficiency94.02
Round: 8
Number of Bids77
Allocation1,6,1,6,8,3,2,8,5,3,4,8
Prices40.0,40.0,30.0,20.0,20.0,25.0,20.0,30.0,30.0,15.0,30.0,10.0
Revenue310
Efficiency93.10
Round: 9
Number of Bids80
Allocation1,6,1,6,8,4,2,8,3,3,4,6
Prices40.0,40.0,30.0,20.0,20.0,30.0,20.0,30.0,35.0,15.0,30.0,15.0
Revenue325
Efficiency90.11
Round: 10
Number of Bids82
Allocation0,6,1,6,8,4,2,8,3,5,4,8
Prices30.0,40.0,30.0,20.0,20.0,30.0,20.0,30.0,35.0,20.0,30.0,20.0
Revenue335
Efficiency97.01
Round: 11
Number of Bids82
Allocation0,6,6,6,8,4,2,8,3,5,4,8
Prices30.0,40.0,35.0,20.0,20.0,30.0,20.0,30.0,35.0,20.0,30.0,20.0
Revenue300
Efficiency89.66
Round: 12
Number of Bids83
Allocation0,6,1,6,8,4,2,8,3,5,4,8
Prices30.0,40.0,40.0,20.0,20.0,30.0,20.0,30.0,35.0,20.0,30.0,20.0
Revenue305
Efficiency90.80
Round: 13
Number of Bids83
Allocation0,6,1,6,8,4,2,8,3,5,4,8
Prices35.0,40.0,40.0,20.0,20.0,30.0,20.0,30.0,35.0,20.0,30.0,20.0
Revenue305
Efficiency90.80
Auction: 5
Number of Rounds8
Allocation1,1,1,6,3,3,4,4,5,6,3,8
Optimal Allocation5,2,1,6,3,3,4,4,5,4,3,8
Final Price15.0,20.0,20.0,35.0,25.0,20.0,15.0,15.0,30.0,10.0,30.0,30.0
Surplus410
Optimal Surplus435
Revenue265
Total Penalties0
Total Profits145
Efficiency (surplus/opt_surplus)94.25
Revenue Ratio (revenue/opt_surplus)60.92
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)60.92
Bidder Earnings19 , 0 , 57 , 55 , 10 , 0 , 0 , 4 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning19 , 0 , 57 , 55 , 10 , 0 , 0 , 4 ,
Round: 1
Number of Bids29
Allocation8,2,0,8,3,3,4,8,8,0,3,8
Prices10.0,15.0,.0,10.0,15.0,10.0,5.0,5.0,5.0,.0,10.0,5.0
Revenue90
Efficiency67.13
Round: 2
Number of Bids44
Allocation8,2,6,2,1,1,1,7,7,4,5,6
Prices10.0,15.0,5.0,20.0,20.0,15.0,10.0,10.0,10.0,5.0,15.0,10.0
Revenue145
Efficiency63.22
Round: 3
Number of Bids53
Allocation8,2,6,6,1,3,4,4,3,4,3,8
Prices10.0,15.0,5.0,25.0,20.0,20.0,15.0,15.0,15.0,5.0,20.0,15.0
Revenue180
Efficiency83.45
Round: 4
Number of Bids59
Allocation8,1,1,2,1,3,4,4,8,4,6,8
Prices10.0,20.0,10.0,30.0,20.0,20.0,15.0,15.0,25.0,5.0,25.0,15.0
Revenue210
Efficiency79.31
Round: 5
Number of Bids65
Allocation8,1,5,6,3,3,4,4,8,4,3,6
Prices10.0,20.0,15.0,35.0,25.0,20.0,15.0,15.0,25.0,5.0,30.0,20.0
Revenue265
Efficiency91.95
Round: 6
Number of Bids68
Allocation1,1,1,6,3,3,4,4,8,6,3,8
Prices15.0,20.0,20.0,35.0,25.0,20.0,15.0,15.0,25.0,10.0,30.0,30.0
Revenue260
Efficiency91.03
Round: 7
Number of Bids69
Allocation1,1,1,6,3,3,4,4,5,6,3,8
Prices15.0,20.0,20.0,35.0,25.0,20.0,15.0,15.0,30.0,10.0,30.0,30.0
Revenue265
Efficiency94.25
Round: 8
Number of Bids69
Allocation1,1,1,6,3,3,4,4,5,6,3,8
Prices15.0,20.0,20.0,35.0,25.0,20.0,15.0,15.0,30.0,10.0,30.0,30.0
Revenue265
Efficiency94.25
Auction: 6
Number of Rounds8
Allocation7,1,1,2,8,2,3,8,5,4,4,8
Optimal Allocation7,1,2,2,8,2,3,8,5,4,4,4
Final Price35.0,15.0,25.0,20.0,25.0,20.0,15.0,20.0,20.0,25.0,5.0,20.0
Surplus432
Optimal Surplus451
Revenue245
Total Penalties0
Total Profits187
Efficiency (surplus/opt_surplus)95.79
Revenue Ratio (revenue/opt_surplus)54.32
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)54.32
Bidder Earnings11 , 42 , 28 , 41 , 12 , 0 , 4 , 49 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning11 , 42 , 28 , 41 , 12 , 0 , 4 , 49 ,
Round: 1
Number of Bids29
Allocation8,1,1,7,8,3,3,7,7,3,0,7
Prices10.0,5.0,5.0,5.0,5.0,10.0,15.0,5.0,5.0,10.0,.0,5.0
Revenue80
Efficiency56.10
Round: 2
Number of Bids45
Allocation7,1,5,6,7,3,3,2,5,6,4,6
Prices15.0,5.0,10.0,10.0,10.0,10.0,15.0,10.0,10.0,15.0,5.0,10.0
Revenue125
Efficiency75.83
Round: 3
Number of Bids57
Allocation1,1,1,7,8,3,3,7,8,3,4,4
Prices20.0,5.0,15.0,15.0,15.0,10.0,15.0,15.0,15.0,20.0,5.0,15.0
Revenue165
Efficiency76.94
Round: 4
Number of Bids64
Allocation7,5,2,2,7,3,3,8,5,3,4,4
Prices25.0,10.0,20.0,20.0,20.0,10.0,15.0,20.0,20.0,20.0,5.0,15.0
Revenue200
Efficiency87.36
Round: 5
Number of Bids69
Allocation1,1,1,2,8,3,3,8,5,3,4,8
Prices30.0,15.0,25.0,20.0,25.0,10.0,15.0,20.0,20.0,20.0,5.0,20.0
Revenue225
Efficiency87.58
Round: 6
Number of Bids71
Allocation1,1,1,2,8,2,3,8,5,4,4,8
Prices30.0,15.0,25.0,20.0,25.0,20.0,15.0,20.0,20.0,25.0,5.0,20.0
Revenue240
Efficiency94.01
Round: 7
Number of Bids72
Allocation7,1,1,2,8,2,3,8,5,4,4,8
Prices35.0,15.0,25.0,20.0,25.0,20.0,15.0,20.0,20.0,25.0,5.0,20.0
Revenue245
Efficiency95.79
Round: 8
Number of Bids72
Allocation7,1,1,2,8,2,3,8,5,4,4,8
Prices35.0,15.0,25.0,20.0,25.0,20.0,15.0,20.0,20.0,25.0,5.0,20.0
Revenue245
Efficiency95.79
Auction: 7
Number of Rounds11
Allocation7,2,6,7,8,1,1,7,5,6,4,4
Optimal Allocation7,5,6,7,8,1,3,7,5,4,4,4
Final Price25.0,25.0,25.0,40.0,35.0,25.0,25.0,45.0,25.0,30.0,30.0,20.0
Surplus441
Optimal Surplus453
Revenue350
Total Penalties0
Total Profits91
Efficiency (surplus/opt_surplus)97.35
Revenue Ratio (revenue/opt_surplus)77.26
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)77.26
Bidder Earnings10 , 10 , 0 , 22 , 19 , 5 , 20 , 5 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning10 , 10 , 0 , 22 , 19 , 5 , 20 , 5 ,
Round: 1
Number of Bids30
Allocation8,5,2,7,7,2,2,7,7,3,6,8
Prices10.0,5.0,10.0,5.0,5.0,10.0,10.0,5.0,5.0,10.0,5.0,10.0
Revenue90
Efficiency65.12
Round: 2
Number of Bids45
Allocation7,5,2,6,1,1,1,4,8,4,4,7
Prices15.0,5.0,10.0,10.0,10.0,15.0,15.0,10.0,10.0,15.0,10.0,15.0
Revenue140
Efficiency83.00
Round: 3
Number of Bids56
Allocation7,5,2,2,8,3,3,2,3,6,6,7
Prices15.0,5.0,10.0,15.0,15.0,20.0,20.0,20.0,15.0,20.0,15.0,15.0
Revenue185
Efficiency84.77
Round: 4
Number of Bids65
Allocation1,1,6,7,8,3,3,4,8,6,4,7
Prices20.0,10.0,15.0,20.0,15.0,20.0,20.0,25.0,20.0,20.0,20.0,15.0
Revenue220
Efficiency79.03
Round: 5
Number of Bids73
Allocation7,5,1,2,8,3,3,2,8,6,6,7
Prices25.0,15.0,20.0,25.0,15.0,20.0,20.0,30.0,20.0,20.0,25.0,15.0
Revenue250
Efficiency84.77
Round: 6
Number of Bids81
Allocation7,5,6,7,1,1,3,4,8,4,6,7
Prices25.0,15.0,25.0,30.0,20.0,25.0,20.0,35.0,20.0,25.0,25.0,15.0
Revenue280
Efficiency85.43
Round: 7
Number of Bids87
Allocation7,5,6,2,8,1,1,2,8,6,6,7
Prices25.0,15.0,25.0,35.0,25.0,25.0,25.0,40.0,20.0,30.0,25.0,15.0
Revenue305
Efficiency85.21
Round: 8
Number of Bids91
Allocation7,5,6,2,1,1,1,7,8,6,4,4
Prices25.0,15.0,25.0,35.0,30.0,25.0,25.0,45.0,20.0,30.0,30.0,20.0
Revenue340
Efficiency93.16
Round: 9
Number of Bids93
Allocation7,2,6,7,8,1,1,7,8,6,4,4
Prices25.0,25.0,25.0,40.0,35.0,25.0,25.0,45.0,20.0,30.0,30.0,20.0
Revenue345
Efficiency92.49
Round: 10
Number of Bids94
Allocation7,2,6,7,8,1,1,7,5,6,4,4
Prices25.0,25.0,25.0,40.0,35.0,25.0,25.0,45.0,25.0,30.0,30.0,20.0
Revenue350
Efficiency97.35
Round: 11
Number of Bids94
Allocation7,2,6,7,8,1,1,7,5,6,4,4
Prices25.0,25.0,25.0,40.0,35.0,25.0,25.0,45.0,25.0,30.0,30.0,20.0
Revenue350
Efficiency97.35