Table 4.
Response ratings across the 1st and 2nd bids.
| Unrestricted | Turnbull Estimate | |||||
|---|---|---|---|---|---|---|
| Initial Bids ($ NT) | Total (%) | Count of Yes a (%) | Total (%) | Count of Yes (%) | Change of Yes | |
| 500 | 18 (12.6) | 14 (77.7) | 500 | 18 (12.6) | 14 (78.0) | -- |
| 1500 | 24 (15.5) | 18 (75.0) | 1500 | 51 (35.9) | 24 (47.1) | −30.9% |
| 2000 | 12 (7.8) | 3 (25.0) | ||||
| 3000 | 15 (9.7) | 3 (20.0) | ||||
| 4000 | 19 (12.3) | 6 (31.6) | 4000 | 39 (27.5) | 18 (46.0) | −1.1% |
| 6000 | 20 (12.9) | 12 (60.0) | ||||
| 8000 | 16 (10.3) | 13 (81.3) | 8000 | 34 (23.9) | 13 (38.2) | −7.8% |
| 10,000 | 18 (11.7) | 0 (0.0) | ||||
| Total | 142 (100) | 69 (48.6) | Total | 142 (100.0) | 69 (48.6) | |
Note: The respondents are assigned into groups with different initial bids. “Total” indicates the number of respondents in the corresponding group. a represents the number of respondents that answered “yes” to the initial bid.