
doi: 10.2139/ssrn.4839330 , 10.1016/j.jebo.2024.106696 , 10.5167/uzh-258525 , 10.48550/arxiv.2403.17139 , 10.5167/uzh-265257
arXiv: 2403.17139
handle: 10419/289563
doi: 10.2139/ssrn.4839330 , 10.1016/j.jebo.2024.106696 , 10.5167/uzh-258525 , 10.48550/arxiv.2403.17139 , 10.5167/uzh-265257
arXiv: 2403.17139
handle: 10419/289563
Colonel Blotto games with discrete strategy spaces effectively illustrate the intricate nature of multidimensional strategic reasoning. This paper studies the equilibrium set of such games where, in line with prior experimental work, the tie-breaking rule is allowed to be flexible. We begin by pointing out that equilibrium constructions known from the literature extend to our class of games. However, we also note that, irrespective of the tie-breaking rule, the equilibrium set is excessively large. Specifically, any pure strategy that allocates at most twice the fair share to each battlefield is used with positive probability in some equilibrium. Furthermore, refinements based on the elimination of weakly dominated strategies prove ineffective. To derive specific predictions amid this multiplicity, we compute strategies resulting from long-run adaptive learning.
FOS: Computer and information sciences, tie, J.4, Colonel Blotto games, ddc:330, 2002 Economics and Econometrics, 1407 Organizational Behavior and Human Resource Management, tiebreaking rules, adaptive learning, breaking rules, 91A05, Nash equilibrium, dominated strategies, 330 Economics, ECON Department of Economics, C72, multidimensional strategic reasoning, 10007 Department of Economics, Computer Science - Computer Science and Game Theory, C91, tie-breaking rules, D74, Computer Science and Game Theory (cs.GT)
FOS: Computer and information sciences, tie, J.4, Colonel Blotto games, ddc:330, 2002 Economics and Econometrics, 1407 Organizational Behavior and Human Resource Management, tiebreaking rules, adaptive learning, breaking rules, 91A05, Nash equilibrium, dominated strategies, 330 Economics, ECON Department of Economics, C72, multidimensional strategic reasoning, 10007 Department of Economics, Computer Science - Computer Science and Game Theory, C91, tie-breaking rules, D74, Computer Science and Game Theory (cs.GT)
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