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Round

1 1

1

r 0 0
1 random

1 2

1 2 a 2 2
1 random 10 1

10 1

a 5 5
1 random 10 1

1 0 a 0 0
1 random 10 1 5

1

r 0 0
1 random 10 1 6

1 6 a 6 6
1 random 10 1

1 5 a 5 5
1 random 10 1 8

1 5 a 5 5
1 random 10 1 9 2 2 2 a 8 8
1 random 10 1 10 3 2 5 a 5 5
1 random 10 1 11 8 2 5 a 5 5
1 random 10 1 12 1 2 6 r 0 0
1 random 10 1 13 5 2 8 r 0 0
1 random 10 1 14 6 2 6 a 4 4
1 random 10 1 15 4 2 0 a 10 10
1 random 10 1 16 7 2 5 a 5 5
1 random 10 2 1 15 1 5 a 5 5
1 random 10 2 2 14 1 5 a 5 7
1 random 10 2 3 11 1 6 a 6 11
1 random 10 2 4 13 1 0 a 0 0
1 random 10 2 5 9 1 7 r 0 0
1 random 10 2 6 10 1 6 a 6 12
1 random 10 2 7 12 1 6 r 0 5
1 random 10 2 8 16 1 5 a 5 10
1 random 10 2 9 5 2 7 r 0 8
1 random 10 2 10 6 2 6 a 4 9
1 random 10 2 11 3 2 6 a 4 9
1 random 10 2 12 7 2 6 r 0 0
1 random 10 2 13 4 2 0 a 10 10
1 random 10 2 14 2 2 5 a 5 9
1 random 10 2 15 1 2 5 a 5 15
1 random 10 2 16 8 2 5 a 5 10
1 random 10 3 1 10 1 6 a 6 11
1 random 10 3 2 13 1 1 a 1 8
1 random 10 3 3 12 1 6 r 0 11
1 random 10 3 4 9 1 0 a 0 0
1 random 10 3 5 15 1 6 r 0 0
1 random 10 3 6 11 1 6 a 6

The first experiment report will be due Thursday, February 6th, at the beginning of our

lecture.

You can work in groups of 2 or 3 students if you would like, but no more than 3. The name of

each student from each group should be typed (not handwritten).

What you have to do for this report is:

– for the first treatment: create a stacked bar chart that shows the frequency of the amounts
offered (you can calculate this amount subtracting the proposer demand out of $10) and

within each bar shows the frequency of the offers accepted and rejected for that amount;

– for the first treatment: create a bar chart that shows the frequency of the amounts offered
and accepted;

– for the first treatment: create a bar chart that shows the frequency of the amounts offered
and rejected;

– for the second treatment : create a bar chart that shows the frequency of the amounts
offered;

You have on Canvas two examples of graphs: a bar chart and a stacked bar chart.

The theoretical prediction is that the proposer offers the smallest amount possible. For this

report, let’s make the offer zero. Create a table and present the values for: theoretical prediction,

the average amount offered in treatment 1, the average amount offered in treatment 2, the

average amount offered and rejected in treatment 1, the average amount offered and accepted in

treatment 1.

Try to explain why you think that there is a difference between what you observe in the data and

the theoretical prediction for each treatment.

The graphs should be made in MS Excel or similar software, and your report should be typed in

MS Word or similar software. You have to bring a hard copy of your report.

PS: Be sure that the graphs have a title, labels for axis, a legend (if it is necessary), the right

colors so you can read the graph very easily even if it is printed black and white.

Below you can find samples of the graphs that you will create (those graphs used other data set,

so your values/shape of the graphs should be different)

0

5

10

15

20

25

0 1 2 3 4 5 6 7 8 9 10

F
re

q
u

e
n

cy

Offer value

Treatment 1

Rejected

Accepted

0
5
10
15
20
25
0 1 2 3 4 5 6 7 8 9 10
F
re
q
u
e
n
cy
Offer value
Treatment 1
Accepted
0
5
10
15
20
25
0 1 2 3 4 5 6 7 8 9 10
F
re
q
u
e
n
cy
Offer value
Treatment 1
Rejected

Accepted Rejected Treatment 1

Treatment 2

0 0 0 0

0 1 1 4

0 8 8 8

27 27 54 3

76 12 88 8

90 0 90 40

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

Average 4.20 2.67 3.77 0.98

0
5
10
15
20
25

30

35

40

45

50

0 1 2 3 4 5 6 7 8 9 10
F
re
q
u
e
n
cy
Offer value

Treatment 2

Treatment 2

Poor Below
Average

Average Above
Average

Excellent

F
re

q
u

e
n

cy

Rating

Bar Chart

1

2

3

4

5

6

7

8

9

10 Marada Inn Quality Ratings

Stacked Bar Chart

Colonial Log Split A-Frame

F
re
q
u
e
n
cy

Home Style

4
8

12

16

20

24

28

32

36

40
Finger Lake Homes

< $250,000

> $250,000

Frequencies
displayed