Page last modified 2006-9-11

Advanced Economic Theory---Micro (Economics 326)

Results of experiment on "Guess 2/3 of the average" game, 2006-9-11

Round 1
Players: 3 8 10
Numbers chosen: 2 1 3
Winner: 8

Round 2
Players: 4 6 8
Numbers chosen: 4 3 1
Winner: 8

Round 3
Players: 3 5 6
Numbers chosen: 2 1 2
Winner: 5

Round 4
Players: 4 5 10
Numbers chosen: 1 1 2
Winners: 4 5

Round 5
Players: 1 2 6
Numbers chosen: 1 1 2
Winners: 1 2

Round 6
Players: 2 3 10
Numbers chosen: 1 2 1
Winners: 2 10

Round 7
Players: 5 7 8
Numbers chosen: 1 2 1
Winners: 5 8

Round 8
Players: 3 6 7
Numbers chosen: 10 1 10
Winner: 6

Round 9
Players: 1 6 10
Numbers chosen: 1 1 1
Winners: 1 6 10

Round 10
Players: 1 3 7
Numbers chosen: 1 1 1
Winners: 1 3 7

Round 11
Players: 3 4 7
Numbers chosen: 1 1 2
Winners: 3 4

Round 12
Players: 2 3 4
Numbers chosen: 1 10 1
Winners: 2 4

Round 13
Players: 2 3 10
Numbers chosen: 1 1 1
Winners: 2 3 10

Round 14
Players: 7 8 9
Numbers chosen: 1 1 4
Winners: 7 8

Round 15
Players: 1 6 8
Numbers chosen: 1 2 1
Winners: 1 8

Round 16
Players: 4 7 10
Numbers chosen: 1 1 1
Winners: 4 7 10

Round 17
Players: 3 6 10
Numbers chosen: 1 1 1
Winners: 3 6 10

Player Total winnings # of plays Average winnings
1 1.67 4 0.4167
2 1.833 4 0.4583
3 1.5 9 0.167
4 1.833 5 0.367
5 2 3 0.667
6 1.667 7 0.2381
7 1.167 6 0.1944
8 3.5 5 0.7
9 0 1 0
10 1.833 7 0.2619