What Does it Take to Eliminate the use of a Strategy Strictly Dominated by a Mixture?

A-Tier
Journal: Experimental Economics
Year: 1999
Volume: 2
Issue: 2
Pages: 129-150

Authors (3)

John Van Huyck Frederick Rankin (not in RePEc) Raymond Battalio

Score contribution per author:

1.341 = (α=2.01 / 3 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper reports an experiment to determine whether subjects will learn to stop using a strictly dominated strategy that can be an above average reply. It is difficult to find an experimental design that eliminates the play of the strictly dominated strategy completely. The least effective treatment used money to motivate behavior directly. The most effective treatment used a binary-lottery with money prizes to induce preferences, but even this treatment required giving subjects plenty of experience. Doing so reduced the play of the strictly dominated strategy to around 10 percent by the end of a session. There is no evidence for the explosive cycling needed to make the strictly dominated strategy an above average reply. Copyright Kluwer Academic Publishers 1999

Technical Details

RePEc Handle
repec:kap:expeco:v:2:y:1999:i:2:p:129-150
Journal Field
Experimental
Author Count
3
Added to Database
2026-01-24