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Re-examination of team’s play in a mixed-strategy game experiment

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  • Yoshitaka Okano

Abstract

Palacios-Huerta and Volij (2008) found that the behaviour of professional soccer players in two-person zero-sum games is consistent with minimax play, while Wooders (2010) re-examined their data and found inconsistencies in several respects. This study applies a similar analysis of Wooders (2010) to the experimental data in Okano (2013), which found that the behaviour of teams of two-student subjects conforms closely to minimax play, and addresses whether teams exhibit the same inconsistencies as professionals. Teams were found to have consistency with minimax play, with no tendencies similar to those of professionals.

Suggested Citation

  • Yoshitaka Okano, 2016. "Re-examination of team’s play in a mixed-strategy game experiment," Applied Economics Letters, Taylor & Francis Journals, vol. 23(8), pages 601-604, May.
    • Handle: RePEc:taf:apeclt:v:23:y:2016:i:8:p:601-604
    DOI: 10.1080/13504851.2015.1090545
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    References listed on IDEAS

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    1. Mookherjee Dilip & Sopher Barry, 1994. "Learning Behavior in an Experimental Matching Pennies Game," Games and Economic Behavior, Elsevier, vol. 7(1), pages 62-91, July.
    2. P.-A. Chiappori, 2002. "Testing Mixed-Strategy Equilibria When Players Are Heterogeneous: The Case of Penalty Kicks in Soccer," American Economic Review, American Economic Association, vol. 92(4), pages 1138-1151, September.
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    4. Ignacio Palacios-Huerta & Oscar Volij, 2008. "Experientia Docet: Professionals Play Minimax in Laboratory Experiments," Econometrica, Econometric Society, vol. 76(1), pages 71-115, January.
    5. John Wooders, 2010. "Does Experience Teach? Professionals and Minimax Play in the Lab," Econometrica, Econometric Society, vol. 78(3), pages 1143-1154, May.
    6. Shachat, Jason M., 2002. "Mixed Strategy Play and the Minimax Hypothesis," Journal of Economic Theory, Elsevier, vol. 104(1), pages 189-226, May.
    7. Okano, Yoshitaka, 2013. "Minimax play by teams," Games and Economic Behavior, Elsevier, vol. 77(1), pages 168-180.
    8. Brown, James N & Rosenthal, Robert W, 1990. "Testing the Minimax Hypothesis: A Re-examination of O'Neill's Game Experiment," Econometrica, Econometric Society, vol. 58(5), pages 1065-1081, September.
    9. Binmore, Ken & Swierzbinski, Joe & Proulx, Chris, 2001. "Does Minimax Work? An Experimental Study," Economic Journal, Royal Economic Society, vol. 111(473), pages 445-464, July.
    10. Ignacio Palacios-Huerta, 2003. "Professionals Play Minimax," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 70(2), pages 395-415.
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    Cited by:

    1. Yoshitaka Okano, 2017. "Team vs. Individual, Hypothesis Testing vs. Model Selection, and the Minimax Model," Working Papers SDES-2017-18, Kochi University of Technology, School of Economics and Management, revised Oct 2017.

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    More about this item

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • C92 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Group Behavior

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