Cookies

We use cookies to ensure that we give you the best experience on our website. You can change your cookie settings at any time. Otherwise, we'll assume you're OK to continue.

Research

View Profile

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

Abstract

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.