Publication details for Prof Jason ShachatShachat, J. & Swarthout, J.T. (2004). Do we detect and exploit mixed strategy play by opponents? Mathematical Methods of Operations Research 59(3): 359-373.
- Publication type: Journal Article
- ISSN/ISBN: 1432-2994, 1432-5217
- DOI: 10.1007/s001860400354
- Further publication details on publisher web site
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.