For this report use the file from our private value auction experiment.
I need an experiment report for it.
I have some example report for other games, please follow the similar structure those sample report.
I need you remind how to play the game and point out some specific experiment economic theory, like Nash equilibrium.
I have data collect and graphs for you.
– a scatter diagram graph (for the first treatment) that has the private value of the player on horizontal axis and her/his bid value (for that particular private value) on the vertical axis for each player in each round. Also you should draw a line that represents the theoretical prediction.
– a scatter diagram graph (for the second treatment) that has the private value of the player on horizontal axis and her/his bid value (for that particular private value) on the vertical axis for each player in each round. Also you should draw a line that represents the theoretical prediction. (similar to the previous one but for treatment two)
– a scatter diagram graph (for the second treatment) that has the private value of the /player on horizontal axis and her/his bid value (for that particular private value) on the vertical axis only for the last 5 rounds. Also you should draw a line that represents the theoretical prediction.