Parameters For Economics Experiment

Oct 8, 2003

There were 30 people. Each was assigned a type (Type 1,2,3,4,5,6). The assignments were:

id   type
101  1
102  4
103  2
104  5
105  3
106  6
107  1
108  4
etc... 130.

The number of subjects in the experiment were
Type      early     near end
1          5          4
2          5          4
3          4          4
4          5          5
5          5          5
6          4          2

The private orders of each type were sent every seven minutes. The order prices were as follows:

BUYER TYPE: PRIVATE PRICES
TYPE 1: 265, 230, 170, 160
TYPE 2: 260, 205, 165, 160
TYPE 3: 265, 255, 180, 165

SELLER TYPE: PRIVATE PRICES
TYPE 4: 125, 160, 220, 225
TYPE 5: 130, 185, 225, 230
TYPE 6: 125, 135, 210, 225

For the first 54 minutes (the first seven sets of private orders) the private order prices were as above. Starting with the eighth set of private orders, 45 francs was subtracted from each of the prices above.