Experiment Definition

Experiment Name: SMR_HO_LC_WR Mar_12_06_afternoon_LEFT

Total Number Subjects: 8

Group Size: 8

Are Groups Synchronized?

Cash Exchange Rate: 0.4

Experiment Runtime Information

Experiment ID: 336

Experiment Starting Time: 2006-03-12 12:45:06.0

Total Number Of Participants: 8

Experiment Definition Id: 208

Experiment Experimenter Id: 134

Auction-- Statistics

AttributeGroup : 1 Statistics
Auction: 2
Number of Rounds9
Allocation7,5,6,6,3,4,1,8,7,6,4,8
Optimal Allocation7,5,6,6,3,4,1,8,3,6,4,8
Final Price30.0,15.0,40.0,40.0,35.0,20.0,35.0,35.0,40.0,40.0,35.0,45.0
Surplus483
Optimal Surplus487
Revenue410
Total Penalties0
Total Profits73
Efficiency (surplus/opt_surplus)99.18
Revenue Ratio (revenue/opt_surplus)84.19
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)84.19
Bidder Earnings4 , 0 , 3 , 26 , 21 , 11 , 8 , 0 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning4 , 0 , 3 , 26 , 21 , 11 , 8 , 0 ,
Round: 1
Number of Bids30
Allocation7,5,6,6,7,3,3,7,7,6,3,7
Prices20.0,15.0,40.0,40.0,20.0,5.0,30.0,20.0,20.0,40.0,30.0,20.0
Revenue300
Efficiency88.91
Round: 2
Number of Bids40
Allocation1,5,6,6,8,2,1,8,7,6,4,8
Prices25.0,15.0,40.0,40.0,25.0,10.0,35.0,25.0,20.0,40.0,35.0,25.0
Revenue335
Efficiency90.35
Round: 3
Number of Bids48
Allocation7,5,6,6,3,1,1,7,3,6,4,7
Prices30.0,15.0,40.0,40.0,35.0,15.0,35.0,30.0,25.0,40.0,35.0,30.0
Revenue370
Efficiency94.87
Round: 4
Number of Bids52
Allocation7,5,6,6,3,4,1,8,7,6,4,8
Prices30.0,15.0,40.0,40.0,35.0,20.0,35.0,35.0,30.0,40.0,35.0,35.0
Revenue390
Efficiency99.18
Round: 5
Number of Bids53
Allocation7,5,6,6,3,4,1,8,3,6,4,8
Prices30.0,15.0,40.0,40.0,35.0,20.0,35.0,35.0,35.0,40.0,35.0,35.0
Revenue395
Efficiency100.00
Round: 6
Number of Bids54
Allocation7,5,6,6,3,4,1,8,3,6,4,7
Prices30.0,15.0,40.0,40.0,35.0,20.0,35.0,35.0,35.0,40.0,35.0,40.0
Revenue400
Efficiency99.38
Round: 7
Number of Bids55
Allocation7,5,6,6,3,4,1,8,3,6,4,8
Prices30.0,15.0,40.0,40.0,35.0,20.0,35.0,35.0,35.0,40.0,35.0,45.0
Revenue405
Efficiency100.00
Round: 8
Number of Bids56
Allocation7,5,6,6,3,4,1,8,7,6,4,8
Prices30.0,15.0,40.0,40.0,35.0,20.0,35.0,35.0,40.0,40.0,35.0,45.0
Revenue410
Efficiency99.18
Round: 9
Number of Bids56
Allocation7,5,6,6,3,4,1,8,7,6,4,8
Prices30.0,15.0,40.0,40.0,35.0,20.0,35.0,35.0,40.0,40.0,35.0,45.0
Revenue410
Efficiency99.18
Auction: 3
Number of Rounds6
Allocation8,2,2,6,3,2,4,7,8,5,6,6
Optimal Allocation8,6,2,2,3,2,4,7,8,5,6,6
Final Price30.0,35.0,20.0,25.0,25.0,35.0,25.0,30.0,25.0,20.0,35.0,35.0
Surplus442
Optimal Surplus442
Revenue340
Total Penalties0
Total Profits102
Efficiency (surplus/opt_surplus)100.00
Revenue Ratio (revenue/opt_surplus)76.92
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)76.92
Bidder Earnings0 , 29 , 5 , 5 , 23 , 15 , 13 , 12 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning0 , 29 , 5 , 5 , 23 , 15 , 13 , 12 ,
Round: 1
Number of Bids30
Allocation7,6,2,7,7,4,4,7,3,3,6,6
Prices25.0,30.0,5.0,20.0,10.0,20.0,25.0,10.0,20.0,15.0,35.0,35.0
Revenue250
Efficiency83.26
Round: 2
Number of Bids39
Allocation8,6,5,7,8,3,4,8,8,5,6,6
Prices30.0,30.0,10.0,20.0,15.0,30.0,25.0,15.0,25.0,20.0,35.0,35.0
Revenue290
Efficiency87.56
Round: 3
Number of Bids44
Allocation8,2,2,7,3,3,4,2,8,5,6,6
Prices30.0,35.0,20.0,20.0,25.0,30.0,25.0,25.0,25.0,20.0,35.0,35.0
Revenue325
Efficiency96.61
Round: 4
Number of Bids46
Allocation8,2,2,6,3,3,4,7,8,5,6,6
Prices30.0,35.0,20.0,25.0,25.0,30.0,25.0,30.0,25.0,20.0,35.0,35.0
Revenue335
Efficiency99.32
Round: 5
Number of Bids47
Allocation8,2,2,6,3,2,4,7,8,5,6,6
Prices30.0,35.0,20.0,25.0,25.0,35.0,25.0,30.0,25.0,20.0,35.0,35.0
Revenue340
Efficiency100.00
Round: 6
Number of Bids47
Allocation8,2,2,6,3,2,4,7,8,5,6,6
Prices30.0,35.0,20.0,25.0,25.0,35.0,25.0,30.0,25.0,20.0,35.0,35.0
Revenue340
Efficiency100.00
Auction: 4
Number of Rounds8
Allocation7,0,5,7,1,1,1,4,8,3,6,8
Optimal Allocation7,5,5,7,1,1,1,4,8,6,6,8
Final Price20.0,35.0,25.0,30.0,50.0,25.0,35.0,20.0,20.0,30.0,30.0,30.0
Surplus372
Optimal Surplus416
Revenue315
Total Penalties9
Total Profits57
Efficiency (surplus/opt_surplus)89.42
Revenue Ratio (revenue/opt_surplus)75.72
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)77.88
Bidder Earnings1 , 0 , 5 , 4 , 7 , 5 , 17 , 18 ,
Bidder Penalties8 , 0 , 1 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning-7 , 0 , 4 , 4 , 7 , 5 , 17 , 18 ,
Round: 1
Number of Bids30
Allocation7,6,5,7,7,2,2,7,7,6,6,7
Prices20.0,30.0,5.0,20.0,15.0,10.0,10.0,15.0,5.0,30.0,30.0,15.0
Revenue205
Efficiency87.26
Round: 2
Number of Bids45
Allocation7,1,5,8,8,3,4,4,8,6,6,8
Prices20.0,35.0,5.0,25.0,25.0,15.0,20.0,20.0,10.0,30.0,30.0,20.0
Revenue255
Efficiency85.34
Round: 3
Number of Bids55
Allocation7,1,6,7,1,2,1,4,3,3,6,7
Prices20.0,35.0,10.0,30.0,30.0,20.0,25.0,20.0,15.0,35.0,30.0,25.0
Revenue295
Efficiency88.70
Round: 4
Number of Bids60
Allocation7,1,5,7,7,2,2,4,8,3,6,8
Prices20.0,35.0,15.0,30.0,35.0,20.0,30.0,20.0,20.0,35.0,30.0,30.0
Revenue320
Efficiency93.99
Round: 5
Number of Bids63
Allocation7,1,6,7,1,2,1,4,8,3,6,8
Prices20.0,35.0,20.0,30.0,40.0,20.0,35.0,20.0,20.0,35.0,30.0,30.0
Revenue335
Efficiency94.71
Round: 6
Number of Bids65
Allocation7,0,5,7,7,2,1,4,8,0,6,8
Prices20.0,30.0,25.0,30.0,45.0,20.0,35.0,20.0,20.0,25.0,30.0,30.0
Revenue345
Efficiency94.47
Round: 7
Number of Bids66
Allocation7,0,5,7,1,1,1,4,8,3,6,8
Prices20.0,30.0,25.0,30.0,50.0,25.0,35.0,20.0,20.0,30.0,30.0,30.0
Revenue315
Efficiency89.42
Round: 8
Number of Bids66
Allocation7,0,5,7,1,1,1,4,8,3,6,8
Prices20.0,35.0,25.0,30.0,50.0,25.0,35.0,20.0,20.0,30.0,30.0,30.0
Revenue315
Efficiency89.42
Auction: 5
Number of Rounds10
Allocation5,1,1,6,1,4,3,4,3,4,3,6
Optimal Allocation5,2,1,6,1,4,1,4,3,4,3,6
Final Price25.0,20.0,20.0,35.0,35.0,40.0,40.0,30.0,35.0,35.0,20.0,25.0
Surplus451
Optimal Surplus453
Revenue360
Total Penalties0
Total Profits91
Efficiency (surplus/opt_surplus)99.56
Revenue Ratio (revenue/opt_surplus)79.47
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)79.47
Bidder Earnings30 , 0 , 20 , 18 , 15 , 8 , 0 , 0 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning30 , 0 , 20 , 18 , 15 , 8 , 0 , 0 ,
Round: 1
Number of Bids30
Allocation7,2,2,6,7,2,1,7,7,6,5,6
Prices20.0,15.0,15.0,35.0,20.0,15.0,5.0,15.0,5.0,30.0,5.0,25.0
Revenue205
Efficiency75.28
Round: 2
Number of Bids41
Allocation5,2,1,6,1,4,4,8,5,6,3,6
Prices25.0,15.0,20.0,35.0,25.0,20.0,10.0,20.0,10.0,30.0,10.0,25.0
Revenue245
Efficiency90.73
Round: 3
Number of Bids49
Allocation5,2,1,6,7,2,1,2,3,6,5,6
Prices25.0,15.0,20.0,35.0,30.0,25.0,15.0,25.0,15.0,30.0,15.0,25.0
Revenue275
Efficiency92.49
Round: 4
Number of Bids56
Allocation5,2,1,6,1,4,3,4,5,6,3,6
Prices25.0,15.0,20.0,35.0,35.0,30.0,20.0,30.0,20.0,30.0,20.0,25.0
Revenue305
Efficiency95.81
Round: 5
Number of Bids60
Allocation5,2,1,6,1,2,1,4,3,4,3,6
Prices25.0,15.0,20.0,35.0,35.0,35.0,25.0,30.0,25.0,35.0,20.0,25.0
Revenue325
Efficiency98.01
Round: 6
Number of Bids63
Allocation5,2,1,6,1,4,3,4,5,4,3,6
Prices25.0,15.0,20.0,35.0,35.0,40.0,30.0,30.0,30.0,35.0,20.0,25.0
Revenue340
Efficiency97.35
Round: 7
Number of Bids65
Allocation5,2,1,6,1,4,1,4,3,4,3,6
Prices25.0,15.0,20.0,35.0,35.0,40.0,35.0,30.0,35.0,35.0,20.0,25.0
Revenue350
Efficiency100.00
Round: 8
Number of Bids66
Allocation5,2,1,6,1,4,3,4,3,4,3,6
Prices25.0,15.0,20.0,35.0,35.0,40.0,40.0,30.0,35.0,35.0,20.0,25.0
Revenue355
Efficiency99.12
Round: 9
Number of Bids67
Allocation5,1,1,6,1,4,3,4,3,4,3,6
Prices25.0,20.0,20.0,35.0,35.0,40.0,40.0,30.0,35.0,35.0,20.0,25.0
Revenue360
Efficiency99.56
Round: 10
Number of Bids67
Allocation5,1,1,6,1,4,3,4,3,4,3,6
Prices25.0,20.0,20.0,35.0,35.0,40.0,40.0,30.0,35.0,35.0,20.0,25.0
Revenue360
Efficiency99.56
Auction: 6
Number of Rounds8
Allocation1,6,2,2,8,1,4,7,5,5,5,4
Optimal Allocation1,6,2,2,8,4,4,7,5,5,5,4
Final Price35.0,35.0,15.0,40.0,35.0,40.0,25.0,20.0,35.0,15.0,20.0,20.0
Surplus439
Optimal Surplus439
Revenue335
Total Penalties0
Total Profits104
Efficiency (surplus/opt_surplus)100.00
Revenue Ratio (revenue/opt_surplus)76.31
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)76.31
Bidder Earnings6 , 13 , 0 , 25 , 37 , 8 , 5 , 10 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning6 , 13 , 0 , 25 , 37 , 8 , 5 , 10 ,
Round: 1
Number of Bids30
Allocation7,6,0,7,7,3,4,7,8,5,6,7
Prices20.0,35.0,.0,25.0,20.0,25.0,15.0,20.0,5.0,5.0,15.0,15.0
Revenue200
Efficiency74.26
Round: 2
Number of Bids44
Allocation1,6,2,2,8,1,4,7,3,3,5,4
Prices25.0,35.0,15.0,30.0,25.0,30.0,15.0,20.0,10.0,10.0,20.0,20.0
Revenue255
Efficiency96.13
Round: 3
Number of Bids53
Allocation7,6,2,7,7,4,1,7,5,5,5,4
Prices30.0,35.0,15.0,35.0,30.0,35.0,20.0,20.0,15.0,15.0,20.0,20.0
Revenue290
Efficiency90.21
Round: 4
Number of Bids59
Allocation1,6,2,2,8,1,4,7,3,5,5,4
Prices35.0,35.0,15.0,40.0,35.0,40.0,25.0,20.0,20.0,15.0,20.0,20.0
Revenue320
Efficiency99.32
Round: 5
Number of Bids60
Allocation1,6,2,2,8,1,4,7,5,5,5,4
Prices35.0,35.0,15.0,40.0,35.0,40.0,25.0,20.0,25.0,15.0,20.0,20.0
Revenue325
Efficiency100.00
Round: 6
Number of Bids61
Allocation1,6,2,2,8,1,4,7,3,5,5,4
Prices35.0,35.0,15.0,40.0,35.0,40.0,25.0,20.0,30.0,15.0,20.0,20.0
Revenue330
Efficiency99.32
Round: 7
Number of Bids62
Allocation1,6,2,2,8,1,4,7,5,5,5,4
Prices35.0,35.0,15.0,40.0,35.0,40.0,25.0,20.0,35.0,15.0,20.0,20.0
Revenue335
Efficiency100.00
Round: 8
Number of Bids62
Allocation1,6,2,2,8,1,4,7,5,5,5,4
Prices35.0,35.0,15.0,40.0,35.0,40.0,25.0,20.0,35.0,15.0,20.0,20.0
Revenue335
Efficiency100.00
Auction: 7
Number of Rounds9
Allocation8,1,6,8,7,1,3,2,7,5,3,4
Optimal Allocation8,1,6,8,3,1,3,2,7,5,3,4
Final Price20.0,30.0,35.0,25.0,35.0,35.0,35.0,40.0,25.0,25.0,25.0,35.0
Surplus446
Optimal Surplus451
Revenue365
Total Penalties0
Total Profits81
Efficiency (surplus/opt_surplus)98.89
Revenue Ratio (revenue/opt_surplus)80.93
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)80.93
Bidder Earnings6 , 4 , 16 , 9 , 13 , 5 , 21 , 7 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning6 , 4 , 16 , 9 , 13 , 5 , 21 , 7 ,
Round: 1
Number of Bids30
Allocation7,1,6,7,7,1,0,7,7,4,6,6
Prices15.0,5.0,25.0,20.0,15.0,5.0,.0,15.0,10.0,10.0,20.0,25.0
Revenue165
Efficiency80.27
Round: 2
Number of Bids46
Allocation8,5,1,8,8,3,2,2,8,5,6,8
Prices20.0,10.0,30.0,25.0,20.0,10.0,5.0,20.0,15.0,15.0,20.0,30.0
Revenue220
Efficiency83.59
Round: 3
Number of Bids59
Allocation8,2,6,8,7,1,1,4,3,4,6,4
Prices20.0,15.0,35.0,25.0,25.0,15.0,10.0,25.0,20.0,20.0,20.0,35.0
Revenue265
Efficiency87.58
Round: 4
Number of Bids68
Allocation8,1,6,8,7,3,2,2,7,5,6,4
Prices20.0,20.0,35.0,25.0,25.0,20.0,15.0,30.0,25.0,25.0,20.0,35.0
Revenue295
Efficiency93.57
Round: 5
Number of Bids73
Allocation8,2,6,8,7,1,1,4,7,5,6,4
Prices20.0,25.0,35.0,25.0,25.0,25.0,20.0,35.0,25.0,25.0,20.0,35.0
Revenue315
Efficiency90.91
Round: 6
Number of Bids80
Allocation8,2,6,8,3,3,3,2,7,5,6,4
Prices20.0,25.0,35.0,25.0,30.0,30.0,25.0,40.0,25.0,25.0,20.0,35.0
Revenue335
Efficiency97.78
Round: 7
Number of Bids84
Allocation8,1,6,8,7,1,1,2,7,5,6,4
Prices20.0,30.0,35.0,25.0,35.0,35.0,30.0,40.0,25.0,25.0,20.0,35.0
Revenue355
Efficiency93.79
Round: 8
Number of Bids86
Allocation8,1,6,8,7,1,3,2,7,5,3,4
Prices20.0,30.0,35.0,25.0,35.0,35.0,35.0,40.0,25.0,25.0,25.0,35.0
Revenue365
Efficiency98.89
Round: 9
Number of Bids86
Allocation8,1,6,8,7,1,3,2,7,5,3,4
Prices20.0,30.0,35.0,25.0,35.0,35.0,35.0,40.0,25.0,25.0,25.0,35.0
Revenue365
Efficiency98.89