Mixed strategy play and the minimax hypothesis

• 成果类型: Article
• 署名作者: Shachat, JM
• 署名单位: University of California System; University of California San Diego
• 刊物名称: JOURNAL OF ECONOMIC THEORY
• ISSN/ISSBN: 0022-0531
• DOI: 10.1006/jeth.2001.2915
• 发表日期: 2002
• 页码: 189-226
• 关键词: Minimax; mixed-strategy; experiments

摘要

This paper reports on a set of experiments designed to discriminate among the possible sources of the failure of the unique mixed strategy minimax equilibrium of the O'Neill (1987) game. This is accomplished by introducing a new methodology for eliciting mixed strategies, which overcomes some of the difficulties encountered by previous experimental studies. The results clearly show that subjects' choices do not coincide with their minimax strategies, and that players' intended behavior is not minimax. (C) 2002 Elsevier Science (USA).