That's the ticket: Explicit lottery randomisation and learning in Tullock contests
Anwesha Mukherjee and
Theodore Turocy ()
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Anwesha Mukherjee: University of East Anglia
No 16-07, Working Paper series, University of East Anglia, Centre for Behavioural and Experimental Social Science (CBESS) from School of Economics, University of East Anglia, Norwich, UK.
We experimentally contrast mathematical versus operational explanations of Tullock lottery contests. We contrast a protocol explaining the contest in terms of probability of winning, with an operational approach that carries out the random component of the contest as an explicit lottery each period. Initial expenditure levels are significantly lower when using the operational approach. In addition, using the operational approach, groups far from equilibrium in a given period move more rapidly towards approximate mutual best response. We find these results in sessions conducted in the UK and in the US. The implications that can be drawn from experiments on contest games therefore depend on the approach used to present the game to the players.
Keywords: lottery contest; learning; framing; experiment (search for similar items in EconPapers)
JEL-codes: C72 C91 D72 D83 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-exp and nep-gth
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Journal Article: That’s the ticket: explicit lottery randomisation and learning in Tullock contests (2020)
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