The Minority of Three-Game: An Experimental and Theoretical Analysis

Games

Thorsten Chmura¹ 

[1] Department of Economics, University of Munich, Ludwigstrasse 59, Munich 80539, Germany

关键词: coordination;    minority game;    mixed strategy;    learning models;    experiments;   

DOI  :  10.3390/g2030333

来源: mdpi

【 摘 要 】

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.

【 授权许可】

CC BY   
© 2011 by the authors; licensee MDPI, Basel, Switzerland.