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An Experiment on Lowest Unique Integer Games

Listed author(s):
  • Takashi Yamada

    (Faculty of Global and Science Studies, Yamaguchi University)

  • Nobuyuki Hanaki

    ()

    (UNS - Université Nice Sophia Antipolis, GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis - CNRS - Centre National de la Recherche Scientifique, UCA - Université Côte d'Azur)

We experimentally study Lowest Unique Integer Games (LUIGs). In a LUIG, N (>= 3) players submit a positive integer up to M and the player choosing the smallest number not chosen by anyone else wins. LUIGs are simplified versions of real systems such as lottery games and Lowest/Highest Unique Bid Auctions that have been attracting attention from scholars, yet experimental studies are still scarce. Here, we consider four LUIGs with N={3,4} and M={3,4}. We find that (a) choices made by a majority of subjects over 50 rounds of a LUIG were not significantly different from that in the symmetric mixed-strategy Nash equilibrium (MSE) of the LUIG; however, (b) those subjects who behaved significantly differently from what the MSE predicts won the game more frequently than those who behaved similarly to what the MSE predicts.

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Paper provided by HAL in its series Working Papers with number halshs-01204814.

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Date of creation: May 2016
Handle: RePEc:hal:wpaper:halshs-01204814
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