TY - JOUR
T1 - An Experimental Investigation of Colonel Blotto Games
AU - Chowdhury, Subhasish
AU - Sheremeta, Roman
AU - Kovenock, Dan
PY - 2013
Y1 - 2013
N2 - This article examines behavior in the two-player, constant-sum Colonel Blotto game with asymmetric resources in which players maximize the expected number of battlefields won. The experimental results support the main qualitative predictions of the theory. In the auction treatment, where winning a battlefield is deterministic, disadvantaged players use a “guerilla warfare” strategy that stochastically allocates zero resources to a subset of battlefields. Advantaged players employ a “stochastic complete coverage” strategy, allocating random, but positive, resource levels across the battlefields. In the lottery treatment, where winning a battlefield is probabilistic, both players divide their resources equally across all battlefields. However, we also find interesting behavioral deviations from the theory and discuss their implications
AB - This article examines behavior in the two-player, constant-sum Colonel Blotto game with asymmetric resources in which players maximize the expected number of battlefields won. The experimental results support the main qualitative predictions of the theory. In the auction treatment, where winning a battlefield is deterministic, disadvantaged players use a “guerilla warfare” strategy that stochastically allocates zero resources to a subset of battlefields. Advantaged players employ a “stochastic complete coverage” strategy, allocating random, but positive, resource levels across the battlefields. In the lottery treatment, where winning a battlefield is probabilistic, both players divide their resources equally across all battlefields. However, we also find interesting behavioral deviations from the theory and discuss their implications
UR - https://link.springer.com/article/10.1007/s00199-011-0670-2
U2 - 10.1007/s00199-011-0670-2
DO - 10.1007/s00199-011-0670-2
M3 - Article
SN - 0938-2259
VL - 52
SP - 833
EP - 861
JO - Economic Theory
JF - Economic Theory
IS - 3
ER -