Predicting and Understanding Initial Play
American Economic Review, 2019
Abstract
We use machine learning to uncover regularities in the initial play of matrix games. We first train a prediction algorithm on data from past experiments. Examining the games where our algorithm predicts correctly, but existing economic models don't, leads us to add a parameter to the best performing model that improves predictive accuracy. We then observe play in a collection of new "algorithmically generated" games, and learn that we can obtain even better predictions with a hybrid model that uses a decision tree to decide game-by-game which of two economic models to use for prediction.
BibTeX
@article{fudenberg2019predicting,
author = {Drew Fudenberg and Annie Liang},
title = {Predicting and Understanding Initial Play},
journal = {American Economic Review},
volume = {109},
number = {12},
pages = {4112--4141},
year = {2019}
}