An experimental investigation of simultaneous multi-battle contests with strategic complementarities
Sudipta Sarangi () and
Journal of Economic Psychology, 2017, vol. 63, issue C, 117-134
This paper reports the results of laboratory experiments that are designed to test theoretical predictions in a multi-battle contest with value complementarities among the battles. The specific setting is a game of Hex where control of each region is determined by a Tullock contest and the overall winner is determined by the combination of claimed regions. We find that in a game with only a few regions, aggregate behavior across regions is largely consistent with the theoretical predictions. However, examining individual level behavior suggests that bidders are not behaving in accordance with the model, but often pursue specific winning combinations. This intuitive behavioral approach is also found to occur in larger games where the theory is undeveloped.
Keywords: Multibattle contests; Complementarities; Hex game; Experiments (search for similar items in EconPapers)
JEL-codes: C7 C9 D7 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:joepsy:v:63:y:2017:i:c:p:117-134
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