Parameters For Economics Experiment

Oct 4, 2004

There were 12 people. Each was assigned a type (Type 1,2,3,4,5,6). The assignments were:

id   type
121  1
122  4
123  2
124  5
125  3
126  6
127  1
128  4
etc... 132.

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

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

BUYER TYPE: PRIVATE PRICES
TYPE 1: 220, 185, 125, 115
TYPE 2: 215, 160, 120, 115
TYPE 3: 220, 210, 135, 120

SELLER TYPE: PRIVATE PRICES
TYPE 4: 80,  115, 175, 180
TYPE 5: 85,  140, 180, 185
TYPE 6: 80,  90,  165, 180

For the first 34 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 were added to each of the prices above.