Chmura, T. ORCID: 0000-0001-7476-2030 and Güth, W.,
2011.
The minority of three-game: an experimental and theoretical analysis.
Games, 2 (3), pp. 333-354.
ISSN 2073-4336
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Abstract
We report experimental results on the minority of three-game, where three players choose one of two alternatives and the most rewarding alternative is the one chosen by a single player. This coordination game has many asymmetric equilibria in pure strategies that are non-strict and payoff-asymmetric and a unique symmetric mixed strategy equilibrium in which each player’s behavior is based on the toss of a fair coin. This straightforward behavior is predicted by equilibrium selection, impulse-balance equilibrium, and payoff-sampling equilibrium. Experimental participants rely on various decision rules, and only a quarter of them perfectly randomize.
Item Type: | Journal article | ||||
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Publication Title: | Games | ||||
Creators: | Chmura, T. and Güth, W. | ||||
Publisher: | MDPI | ||||
Date: | 9 September 2011 | ||||
Volume: | 2 | ||||
Number: | 3 | ||||
ISSN: | 2073-4336 | ||||
Identifiers: |
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Rights: | Open access: Creative Commons Attribution License 4.0 | ||||
Divisions: | Schools > Nottingham Business School | ||||
Record created by: | Jonathan Gallacher | ||||
Date Added: | 24 Apr 2018 13:30 | ||||
Last Modified: | 24 Apr 2018 13:34 | ||||
URI: | https://irep.ntu.ac.uk/id/eprint/33313 |
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