2019/10/15 by Dong Quan Vu, Vu, Dong Quan, Patrick Loiseau +3
Social Sciences · Economics, Econometrics and Finance · Decision Sciences · #Experimental Behavioral Economics Studies #Game Theory and Voting Systems #Decision-Making and Behavioral Economics
paper · pdf · doi:10.48550/arxiv.1910.06559
In the Colonel Blotto game, two players with a fixed budget simultaneously allocate their resources across n battlefields to maximize the aggregate value gained from the battlefields where they have the higher allocation. Despite its long-standing history and important applications, the Colonel Blotto game still lacks a complete Nash equilibrium characterization in its most general form where players are asymmetric and battlefields' values are heterogeneous across battlefields and different between the two players---this is called the Generalized Colonel Blotto game. In this work, we propose a simply-constructed class of strategies---the independently uniform strategies---and we prove that they are approximate equilibria of the Generalized Colonel Blotto game; moreover, we characterize the approximation error according to the game's parameters. We also consider an extension called the Generalized Lottery Blotto game, with stochastic winner-determination rules allowing more flexibility in modeling practical contests. We prove that the proposed strategies are also approximate equilibria of the Generalized Lottery Blotto game.