کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5034521 | 1471628 | 2017 | 33 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Stochastic asymmetric Blotto games: An experimental study
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
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چکیده انگلیسی
We consider a model where two players compete for n items having different common values in a Blotto game. Players must decide how to allocate their common budgets across all n items. The winner of each item is determined stochastically using a lottery mechanism which yields a unique equilibrium in pure strategies. We analyze behavior under two competing payoff objectives found in the Blotto games literature that have not been previously compared: (i) players aim to maximize their total expected payoff and (ii) players maximize the probability of winning a majority value of all n items. We report results from an experiment where subjects face both payoff objectives and we find support for the differing theoretical predictions.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Behavior & Organization - Volume 139, July 2017, Pages 88-105
Journal: Journal of Economic Behavior & Organization - Volume 139, July 2017, Pages 88-105
نویسندگان
John Duffy, Alexander Matros,