Publications [#236299] of Vincent Conitzer

Journal articles or Book chapters PUBLISHED

1. Wagman, L; Conitzer, V, Choosing fair lotteries to defeat the competition, International Journal of Game Theory, vol. 41 no. 1 (February, 2012), pp. 91-129, Springer Nature, ISSN 0020-7276 [doi]
   (last updated on 2024/04/18)

   Abstract:
   We study the following game: each agent i chooses a lottery over nonnegative numbers whose expectation is equal to his budget b i. The agent with the highest realized outcome wins (and agents only care about winning). This game is motivated by various real-world settings where agents each choose a gamble and the primary goal is to come out ahead. Such settings include patent races, stock market competitions, and R&D tournaments. We show that there is a unique symmetric equilibrium when budgets are equal. We proceed to study and solve extensions, including settings where agents choose their budgets (at a cost) and where budgets are private information. © 2011 Springer-Verlag.