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How to play <f>(3×3)</f>-games.: A strategy method experiment
- Source :
-
Games & Economic Behavior . Oct2003, Vol. 45 Issue 1, p19. 19p. - Publication Year :
- 2003
-
Abstract
- Using the strategy method (Selten, 1967, Beitra¨ge zur experimentellen Wirtschaftsforschung, pp. 136–168) we elicit subjects' strategies for playing any 2-person <f>(3×3)</f>-game with integer payoffs between 0 and 99. In each of 5 tournaments, every strategy pair plays 500 000 games. The frequency of pure strategy equilibrium play increases from 51% in the first to 74% in the last tournament, with the equilibria that maximize joint payoff being preferred when multiple exist. For games without pure equilibria, strategies are typically based on elements of the best-reply cascade: MAP (maximize the expected payoff against uniformly randomizing opponents), BR-MAP (best reply to MAP), and BR-BR-MAP (best reply to BR-MAP). [Copyright &y& Elsevier]
- Subjects :
- *GAMES for two
*EQUILIBRIUM
*INTEGER programming
Subjects
Details
- Language :
- English
- ISSN :
- 08998256
- Volume :
- 45
- Issue :
- 1
- Database :
- Academic Search Index
- Journal :
- Games & Economic Behavior
- Publication Type :
- Academic Journal
- Accession number :
- 10740942
- Full Text :
- https://doi.org/10.1016/S0899-8256(02)00528-6