Abstract
Kingston (J Comb Theory (A) 20:357–363, 1976) and Anderson (J Comb Theory (A) 23:363, 1977) show that the probability that a given contestant wins a best-of-2 k+ 1 series of asymmetric, zero-sum, binary-outcome games is, for a large class of assignment rules, independent of which contestant is assigned the advantageous role in each component game. We design a laboratory experiment to test this hypothesis for four simple role-assignment rules. Despite significant differences in the frequency of equilibrium play across the four assignment rules, our results show that the four rules are observationally equivalent at the series level: the fraction of series won by a given contestant and all other series outcomes do not differ across rules.
Original language | English |
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Pages (from-to) | 933-970 |
Number of pages | 38 |
Journal | International Journal of Game Theory |
Volume | 45 |
Issue number | 4 |
DOIs | |
State | Published - 1 Nov 2016 |
Keywords
- Asymmetric game
- Best-of series
- Experimental economics
- Psychological pressure
- Two-sided competitions
ASJC Scopus subject areas
- Statistics and Probability
- Mathematics (miscellaneous)
- Social Sciences (miscellaneous)
- Economics and Econometrics
- Statistics, Probability and Uncertainty