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An Experiment of Round-Robin Tournament by Excel's Macro : Using 160 Students' Data from Cournot Duopoly Game

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  • Uzawa, Masaru

Abstract

I collected in-class experimental data of 160 subjects who played Cournot duopoly game on May 10, 2001. In this paper, I use these data to run a round-robin tournament of Cournot duopoly game. What type of strat-egy or strategies can win in the round-robin tournament in the sense of getting maximum payoffs? To the best of my knowledge, no this type of experiment has been run for over 100 subjects. I can easily run the virtual round-robin tournament of l60 subjects using MS Excel's Macro. I find that the best strategy is the repetition of the Cournot-Nash equilibrium quantity of one shot Cournot duopoly game.

Suggested Citation

  • Uzawa, Masaru, 2004. "An Experiment of Round-Robin Tournament by Excel's Macro : Using 160 Students' Data from Cournot Duopoly Game," ビジネス創造センターディスカッション・ペーパー (Discussion papers of the Center for Business Creation) 10252/4275, Otaru University of Commerce.
    • Handle: RePEc:ota:busdis:10252/4275
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