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Reexamination of teams play in mixed-strategy game experiment

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  • Yoshitaka Okano

    (Kochi University of Technology)

Abstract

Palacios-Huerta and Volij (2008) found that the behavior of professional soccer players in two-person zero-sum games is consistent with minimax play, while Wooders (2010) reexamined 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 behavior 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, 2014. "Reexamination of teams play in mixed-strategy game experiment," Working Papers SDES-2014-12, Kochi University of Technology, School of Economics and Management, revised Oct 2014.
    • Handle: RePEc:kch:wpaper:sdes-2014-12
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    File URL: http://www.souken.kochi-tech.ac.jp/seido/wp/SDES-2014-12.pdf
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    References listed on IDEAS

    as
    1. Okano, Yoshitaka, 2013. "Minimax play by teams," Games and Economic Behavior, Elsevier, vol. 77(1), pages 168-180.
    2. 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.
    3. Ignacio Palacios-Huerta & Oscar Volij, 2008. "Experientia Docet: Professionals Play Minimax in Laboratory Experiments," Econometrica, Econometric Society, vol. 76(1), pages 71-115, January.
    4. 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.
    5. 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.
    6. 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.
    7. Ignacio Palacios-Huerta, 2003. "Professionals Play Minimax," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 70(2), pages 395-415.
    8. Robert W. Rosenthal & Jason Shachat & Mark Walker, 2003. "Hide and seek in Arizona," International Journal of Game Theory, Springer;Game Theory Society, vol. 32(2), pages 273-293, December.
    9. John Wooders, 2010. "Does Experience Teach? Professionals and Minimax Play in the Lab," Econometrica, Econometric Society, vol. 78(3), pages 1143-1154, May.
    10. Shachat, Jason M., 2002. "Mixed Strategy Play and the Minimax Hypothesis," Journal of Economic Theory, Elsevier, vol. 104(1), pages 189-226, May.
    11. Rapoport, Amnon & Boebel, Richard B., 1992. "Mixed strategies in strictly competitive games: A further test of the minimax hypothesis," Games and Economic Behavior, Elsevier, vol. 4(2), pages 261-283, April.
    12. Shih-Hsun Hsu & Chen-Ying Huang & Cheng-Tao Tang, 2007. "Minimax Play at Wimbledon: Comment," American Economic Review, American Economic Association, vol. 97(1), pages 517-523, March.
    Full references (including those not matched with items on IDEAS)

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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

    Keywords

    Experimental game; teams' decision making; minimax; zero-sum;
    All these keywords.

    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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