Add study_014: Davis et al. (2011) — Optimal Reserve Prices in Auctions

[diana3135]

Summary

• Adds study_014 implementing Davis, Katok & Kwasnica (2011) "Do Auctioneers Pick Optimal Reserve Prices?"
• Tests whether sellers increase reserve prices with bidder count in second-price sealed-bid auctions, contrary to the theoretical prediction (human Pearson r = 0.42, p < .001)
• Includes replicated human data (40 subjects, 2400 observations) and LLM baselines (GPT-4o, Claude 3.5, Claude 3.7)

Files

• source/: specification, ground truth, auction instructions, metadata, reference papers
• scripts/: config (trial generation + prompt builder), evaluator (Pearson correlation test), stats_lib, study_utils
• benchmark/: human replication data (Davis et al. 2023) and 6 LLM baseline runs

[XuanL17]

Summary

• Adds study_014 implementing Davis, Katok & Kwasnica (2011) "Do Auctioneers Pick Optimal Reserve Prices?"
• Tests whether sellers increase reserve prices with bidder count in second-price sealed-bid auctions, contrary to the theoretical prediction (human Pearson r = 0.42, p < .001)
• Includes replicated human data (40 subjects, 2400 observations) and LLM baselines (GPT-4o, Claude 3.5, Claude 3.7)

Files

• source/: specification, ground truth, auction instructions, metadata, reference papers
• scripts/: config (trial generation + prompt builder), evaluator (Pearson correlation test), stats_lib, study_utils
• benchmark/: human replication data (Davis et al. 2023) and 6 LLM baseline runs

Hi Diana3135, thank you for your contribution, especially for including both the study and the LLM data! I really appreciate it. I’d love to connect and discuss further. Feel free to reach me at xul049@ucsd.edu. We can change contact through email.