Experiment 1: Supply and Demand

The experiment was conducted on 30 August, 1996, at
Carnegie Mellon University by John H. Miller.


Data for Table L1.1:

Session 1, Round 1
Trade Price BValue SCost
1     18    20     10 
2     32    40     10
3     15    20     10
4     28    40     10
5     35    40     30
6     25    40     10
7     25    40     10
8     20    40     10
9     29    20     10
10    20    40     10
11    20    20     10
12    19    20     10
13    19    20     10


Data for Table L1.2:

Session 1, Round 2
Trade Price BValue SCost
1     30    40     10
2     30    40     10
3     25    40     10
4     30    40     10
5     17    20     10
6     25    40     10
7     23    40     10
8     20    40     10
9     19    20     10
10    19    20     10
11    19    20     10
12    19    20     10


Data for Table L1.4:
Distribution of Types in Session 1

Type            Number  Value Cost
Low-Cost Sup    12      --    10
High-Cost Sup    6      --    30
High-Value Dem   7      40    --
Low-Value Dem   13      20    --


Data for Table L1.5:

Session 2, Round 1
Trade Price BValue SCost
1     25    40     10
2     25    40     10
3     25    40     10
4     23    40     10
5     33    40     30
6     25    40     10
7     33    40     30
8     31    40     30
9     35    40     30
10    27    40     10
11    31    40     30
12    19    20     10
13    31    40     30


Data for Table L1.6:

Session 2, Round 2
Trade Price BValue SCost
1     25    40     10
2     25    40     10
3     28    40     10
4     28    40     10
5     30    40     10
6     29    40     10
7     31    40     30
8     32    40     30
9     27    40     10
10    32    40     30
11    31    40     30
12    31    40     30


Data for Table L1.8:
Distribution of Types in Session 2

Type            Number  Value Cost
Low-Cost Sup     7      --    10
High-Cost Sup   13      --    30
High-Value Dem  12      40    --
Low-Value Dem    6      20    --

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