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Durham University

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Publication details for Prof Jason Shachat

Shachat, J. & Swarthout, J.T. (2004). Do we detect and exploit mixed strategy play by opponents? Mathematical Methods of Operations Research 59(3): 359-373.

Author(s) from Durham


We conducted an experiment in which each subject repeatedly played a game with a unique Nash equilibrium in mixed strategies against some computer-implemented mixed strategy. The results indicate subjects are successful at detecting and exploiting deviations from Nash equilibrium. However, there is heterogeneity in subject behavior and performance. We present a one variable model of dynamic random belief formation which rationalizes observed heterogeneity and other features of the data.