group 5 assignment

dates

  • Run experiment:  November 14

part 1 assignment

  • Run Experiments from:  Chapter 19 and Chapter 21
  • The biggest challenge will be running the experiments quickly. Matching participants quickly will be particularly challenging (the matching protocol described for the experiment in Chapter 3 is one way you might do it).  You should determine whether you will have time to actually go around rolling dice for each participant in each round of each game.  If not you may want to pre-roll everything for each participant and write the values down on the corresponding sheets ahead of time.  You might instead (or as well) reduce the number of periods in some or all of the games.  It is up to you to make sure that we run each of the games during the class time allotted. 
materials
  • Photocopies of worksheets for each person in class including payoff sheet and several 10 sided dice (probably one for each person in your group).
part 2 assignment
  • Create a plot similar to Figure 19.2 using the Chapter 19 data for both Part A and Part B.  What types of auctions do these correspond to?  What does this data tell us and how does it compare to what is described in the text?
  •  Create a plot similar to Figure 21.2 using the Chapter 21 data.  What does this data tell us and how does it compare to what is described in the text?
  •  Are there any other interesting patterns in the data? 
  •  What do you think lies behind your results?