Experimental Evidence on Unique Integer Games

44 Pages Posted: 19 Aug 2018

See all articles by Caroline Baethge

Caroline Baethge

University of Passau - Business Administration and Economics

Marina Fiedler

University of Passau - Business Administration and Economics

Ernan Haruvy

University of Texas at Dallas - Naveen Jindal School of Management

Date Written: August 6, 2018

Abstract

We examine motives in unique positive integer games in a laboratory setting. In lowest (highest) unique positive integer games, the participant with the lowest (highest) integer choice that is unique wins. In addition to the payoff maximization motive, we identify and characterize psychological motives, including winning probability maximization and social welfare maximization. We study games where different action profiles correspond to different motives and games where they do not. This permits us to empirically estimate individual heterogeneity corresponding to these behavioral types and arrive at characterizations of behavior in unique integer games.

Keywords: Bidding, Unique Integer Games, Unique Bid Auctions, Winning Motive, Joy of Winning

JEL Classification: C57, C72, C91

Suggested Citation

Baethge, Caroline and Fiedler, Marina and Haruvy, Ernan, Experimental Evidence on Unique Integer Games (August 6, 2018). Available at SSRN: https://ssrn.com/abstract=3227085 or http://dx.doi.org/10.2139/ssrn.3227085

Caroline Baethge

University of Passau - Business Administration and Economics ( email )

Wirtschaftswissenschaftliche Fakultaet
Passau, D-94030
Germany

Marina Fiedler

University of Passau - Business Administration and Economics ( email )

Wirtschaftswissenschaftliche Fakultaet
Passau, D-94030
Germany

HOME PAGE: http://www.wiwi.uni-passau.de/index.php?id=3199&L=2

Ernan Haruvy (Contact Author)

University of Texas at Dallas - Naveen Jindal School of Management ( email )

P.O. Box 830688
Richardson, TX 75083-0688
United States

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