The value of a draw

B-Tier
Journal: Economic Theory
Year: 2020
Volume: 70
Issue: 4
Pages: 1023-1044

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Abstract We model a match as a recursive zero-sum game with three possible outcomes: Player 1 wins, player 2 wins, or there is a draw. We focus on matches whose point games also have three possible outcomes: Player 1 scores the point, player 2 scores the point, or the point is drawn in which case the point game is repeated. We show that a value of a draw can be attached to each state so that an easily computed stationary equilibrium exists in which players’ strategies can be described as minimax behavior in the point games induced by these values.

Technical Details

RePEc Handle
repec:spr:joecth:v:70:y:2020:i:4:d:10.1007_s00199-018-1140-x
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25