First-Mover Advantage In Two-Sided Competitions: An Experimental Comparison Of Role-Assignment Rules
AbstractKingston (1976) and Anderson (1977) show that the probability that a given contestant wins a best-of-2k+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 the fact that play does not uniformly conform to the equilibrium, our results show that the four assignment 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 the four rules.
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Bibliographic InfoPaper provided by Ben-Gurion University of the Negev, Department of Economics in its series Working Papers with number 1208.
Length: 38 pages
Date of creation: 2012
Date of revision:
experimental economics; two-sided competitions; best-of series;
Find related papers by JEL classification:
- C90 - Mathematical and Quantitative Methods - - Design of Experiments - - - General
- D02 - Microeconomics - - General - - - Institutions: Design, Formation, and Operations
- L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Recreation; Tourism
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-09-30 (All new papers)
- NEP-EXP-2012-09-30 (Experimental Economics)
- NEP-GTH-2012-09-30 (Game Theory)
- NEP-IND-2012-09-30 (Industrial Organization)
- NEP-NET-2012-09-30 (Network Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Binmore, Ken, 2007. "Playing for Real: A Text on Game Theory," OUP Catalogue, Oxford University Press, number 9780195300574.
- Wooders, John & Shachat, Jason M., 2001. "On the Irrelevance of Risk Attitudes in Repeated Two-Outcome Games," Games and Economic Behavior, Elsevier, vol. 34(2), pages 342-363, February.
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