First-Mover Advantage in Best-Of Series: An Experimental Comparison of Role-Assignment Rules
47 Pages Posted: 12 Aug 2012 Last revised: 18 Oct 2014
Date Written: September 2014
Kingston (1976) and Anderson (1977) show that the probability that a given contestant wins a best-of-2k 1 series of asymmetric, zero-sum, binary-outcome games is, for a large class of assignment rules, independent of which contestant is assigned the advantageous role in each component game. We design a laboratory experiment to test this hypothesis for four simple role-assignment rules. Despite the fact that play does not uniformly conform to the equilibrium, our results show that the four assignment rules are observationally equivalent at the series level: the fraction of series won by a given contestant and all other series outcomes do not differ across the four rules.
Keywords: experimental economics, two-sided competitions, best-of series, asymmetric game, psychological pressure
JEL Classification: C90, D02, L83
Suggested Citation: Suggested Citation