CLASS
EXPERIMENT RESULTS
ARCHIVES (results from previous class experiments)

Competitive Markets

--Double Auction (basic supply and
demand) Class 1
Class 2
Class 3
Class 4
Class 5 Class 6 Class 7 Class
8
Class
9
Class 10
Class 11 Class 12 **Class 13**

--Call market
Class 1
Class 2

--taxes on buyers Class 1
Class 2

--taxes on sellers Class 1
Class 2

Production Function
experiments Class 1
Class 2
Classes 3
Classes 4

__
Production Possibilities experiments__
Class 4
Class 5 (Joint
PPF)

Monopoly and Oligopoly Markets
Class 1
Class 2 Class 3
Class 4

Common
Pool Resources Problem (effort
levels or "extraction ratres" are higher than predicted.
Over-extraction is the overexploitation of the common resource that we
call "tradegy of the commons.") Class 1
Class 2
Class 3

Ultimatum Bargaining

class 1 (treatment
#1 gave fixed payment of $8 to responder,
treatment #2 allowed for counter-offer on shrunken pie)

class 2 (treatment
#1 is basic ultimatum game, treatment #2
gives responder the 'squish' option)

class 3 (treatment
#1 is a basic $100 ultimatum game, treatment
#2 gives responder a fixed payment of $25 each round)

Rejection Rates Data
(from a class with $100 ultimatum experiment)

Statistical Discrimination

classes 1

Voluntary Contributions for
Public Goods

class 1
(treatment 2 has higher return to investing token to
group, though incentive is still to free ride (i.e., contribute nothing
to group). Efficient outcome
is to contribute all tokens)

class 2 (treatment
1 has high incentive to invest to group,
though the prediction is still to contribute nothing. Treatment 2
has a zero 'personal' incentive to invest, though investing
still generates group
earnings. Efficient outcome in both
treatments is to contribute all tokens.)

class 3
(treatment one is groups of 5, treatment two has
one group of 15)

class 4 (treatment
one is groups of 3, treatment two has one group of 15)

class 5
(treatment one is groups of 3, treatment two has one group of 15)

Bayes rule
probability elicitation).
The results show the tendency to
overweight low probability events and
underweight high probability events. I have included separate
graphs for the treatments on a rare event (prior odds of just 4%
occurrence). The rare event treatment is one of the 4 treatments
show in the data on all treatments.

ALL TREATMENTS TOGETHER Class 1
Class
2
Class
3

(RARE EVENT
TREATMENTS ONLY) Class 1
Class
2
Class
3