Showing 1 - 10 of 104
We investigate a version of the classic Colonel Blotto game in which individual battles may have different values. Two players allocate a fixed budget across battlefields and each battlefield is won by the player who allocates the most to that battlefield. The winner of the game is the player...
Persistent link: https://www.econbiz.de/10010224988
In this paper we examine voluntary contributions to a public good when the timing of contributions is endogenously determined by contributors, focusing on the simple quasi-linear setting with two players (Varian, 1994). We show that the move order that is predicted to emerge is sensitive to how...
Persistent link: https://www.econbiz.de/10003839118
Persistent link: https://www.econbiz.de/10011479987
This paper models the stolen base play in baseball as a simple inspection game. The model offers equilibrium predictions relating the frequency with which a stolen base play is attempted, and the frequency with which it is successful. Using an extensive play-by-play dataset from 37 Major League...
Persistent link: https://www.econbiz.de/10014142919
We re-analyse participant behaviour in standard economics experiments studying voluntary contributions to a public good. Previous approaches were based in part on a priori models of decision-making, such as maximising personal earnings, or reciprocating the behaviour of others. Many participants...
Persistent link: https://www.econbiz.de/10012960638
We experimentally contrast mathematical versus operational explanations of Tullock lottery contests. We contrast a protocol explaining the contest in terms of probability of winning, with an operational approach that carries out the random component of the contest as an explicit lottery each...
Persistent link: https://www.econbiz.de/10012960639
Persistent link: https://www.econbiz.de/10002075073
Using belief elicitation, the paper investigates the formation and the evolution of beliefs in a signalling game in which a common prior on Sender's type is not induced. Beliefs are elicited about the type of the Sender and about the strategies of the players. The experimental subjects often...
Persistent link: https://www.econbiz.de/10009535526
Persistent link: https://www.econbiz.de/10009545025
The evolutionary stability of payoff-maximizing preferences in the model of indirect evolution in symmetric games depends on the slope of the reaction function being zero at equilibrium. The application of this result to contests confirms that in two-player contests the optimal delegation...
Persistent link: https://www.econbiz.de/10003790694