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

Masaru Uzawa

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) from Otaru University of Commerce

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.

Keywords: Cournot duopoly; in-class experiment; round-robin tournament; Excel’s Macro (search for similar items in EconPapers)
Pages: 28 pages
Date: 2004-04
References: Add references at CitEc
Citations:

Published in Discussion paper series (2004), 93: 1-28

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ota:busdis:10252/4275

Access Statistics for this paper

More papers in 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) from Otaru University of Commerce Contact information at EDIRC.
Bibliographic data for series maintained by Miura, Chiho ().