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Mixed Nash equilibria are a cornerstone of game theory, but their empirical relevance has always been controversial. We study in the laboratory two games whose unique NE is in completely mixed strategies; other treatments include the matching protocol (pairwise random vs population...
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We study the foundations for the development of optimal randomization in mixed strategy games. We consider a population of children and adolescents (7 to 16 years old) and study in the laboratory their behavior in a nonzero sum, hide‐and‐seek game with a unique interior mixed strategy...
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on what others think about their thinking. Drawing on a controlled experiment, we find that a negative emotion (fear …) deepens the tendency to engage in iterative reasoning compared with a positive emotion (amusement). Moreover, neutral emotions …
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