In search of experimental support for an asymmetric equilibria solution in symmetric investment games


Journal Article

In one of their experimental studies, Rapoport and Amaldoss [Rapoport, A., Amaldoss, W., 2000. Mixed strategies and iterative elimination of strongly dominated strategies: an experimental investigation of states of knowledge. Journal of Economic Behavior and Organization 42, 483-521] evaluate the behavior of subjects in a two-person investment game with symmetric players using the symmetric (completely) mixed-strategy equilibrium solution as the normative benchmark. Dechenaux et al. [Dechenaux, E., Kovenock, D., Lugovskyy, V., 2006. Caps on bidding in all-pay auctions: comments on the experiments of A. Rapoport and W. Amaldoss. Journal of Economic Behavior and Organization 61, 276-283] claim additional support for an alternating (asymmetric) equilibria solution. However, both aggregate and individual level analyses of our data soundly reject the asymmetric alternating equilibria solution. © 2007 Elsevier B.V. All rights reserved.

Full Text

Duke Authors

Cited Authors

  • Rapoport, A; Amaldoss, W

Published Date

  • July 1, 2008

Published In

Volume / Issue

  • 67 / 1

Start / End Page

  • 200 - 203

International Standard Serial Number (ISSN)

  • 0167-2681

Digital Object Identifier (DOI)

  • 10.1016/j.jebo.2007.07.001

Citation Source

  • Scopus