Skip to main content

Research Repository

Advanced Search

A Hidden Markov Model for the Detection of Pure and Mixed Strategy Play in Games

Shachat, J.; Swarthout, J.; Wei, L.

A Hidden Markov Model for the Detection of Pure and Mixed Strategy Play in Games Thumbnail


Authors

J. Swarthout

L. Wei



Abstract

We propose a statistical model to assess whether individuals strategically use mixed strategies in repeated games. We formulate a hidden Markov model in which the latent state space contains both pure and mixed strategies. We apply the model to data from an experiment in which human subjects repeatedly play a normal form game against a computer that always follows its part of the unique mixed strategy Nash equilibrium profile. Estimated results show significant mixed strategy play and nonstationary dynamics. We also explore the ability of the model to forecast action choice.

Citation

Shachat, J., Swarthout, J., & Wei, L. (2015). A Hidden Markov Model for the Detection of Pure and Mixed Strategy Play in Games. Econometric Theory, 31(04), 729-752. https://doi.org/10.1017/s026646661400053x

Journal Article Type Article
Online Publication Date Oct 24, 2014
Publication Date Aug 1, 2015
Deposit Date Sep 17, 2014
Publicly Available Date Mar 28, 2024
Journal Econometric Theory
Print ISSN 0266-4666
Electronic ISSN 1469-4360
Publisher Cambridge University Press
Peer Reviewed Peer Reviewed
Volume 31
Issue 04
Pages 729-752
DOI https://doi.org/10.1017/s026646661400053x
Public URL https://durham-repository.worktribe.com/output/1420795

Files





You might also like



Downloadable Citations