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10: The above graph is drawn for data in blocks of ten periods each.

10: The above graph is drawn for data in blocks of ten periods each.

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We study contests as an example of winner-take-all competition with linearly ordered large strategy space. We study a model in which each player optimizes the probability of winning above some subjective threshold. The environment we consider is that of limited information where agents play the game repeatedly and know their own efforts and outcome...

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