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How to play <f>(3×3)</f>-games.: A strategy method experiment

Authors :
Selten, Reinhard
Abbink, Klaus
Buchta, Joachim
Sadrieh, Abdolkarim
Source :
Games & Economic Behavior. Oct2003, Vol. 45 Issue 1, p19. 19p.
Publication Year :
2003

Abstract

Using the strategy method (Selten, 1967, Beitra&#168;ge zur experimentellen Wirtschaftsforschung, pp.&#160;136–168) we elicit subjects&#39; strategies for playing any 2-person &lt;f&gt;(3&#215;3)&lt;/f&gt;-game with integer payoffs between 0 and&#160;99. In each of&#160;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 &amp;y&amp; Elsevier]

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