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An Experiment on Non-Zero Sum Colonel Blotto Games

Rafael Hortala-Vallve and Aniol Llorente-Saguer ()
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Rafael Hortala-Vallve: London School of Economics

No 779, Working Papers from Queen Mary University of London, School of Economics and Finance

Abstract: We study a version of the Colonel Blotto game where valuations across battlefields are heterogeneous and asymmetric. These games can exhibit unique pure strategy equilibria, some of which are non-monotonic with respect to the battlefield valuations. We test our theoretical predictions in the laboratory and find low initial levels of equilibrium play but substantial learning throughout the experiment. Learning is higher for games with monotonic equilibria. Finally, we find that deviations from equilibrium predictions benefit aggregate welfare.

Keywords: Colonel Blotto; Non-zero sum; Experiments (search for similar items in EconPapers)
JEL-codes: C92 D70 (search for similar items in EconPapers)
Date: 2015-12-20
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