Checkmate: Exploring Backward Induction among Chess Players

Levitt, Steven D., John A. List, and Sally E. Sadoff. 2011. "Checkmate: Exploring Backward Induction among Chess Players." American Economic Review, 101(2): 975–90.
DOI:10.1257/aer.101.2.975

Abstract
Although backward induction is a cornerstone of game theory, most laboratory experiments have found that agents are not able to successfully backward induct. We analyze the play of world-class chess players in the centipede game, which is ill-suited for testing backward induction, and in pure backward induction games—Race to 100 games. We find that chess players almost never play the backward induction equilibrium in the centipede game, but many properly backward induct in the Race to 100 games. We find no systematic within-subject relationship between choices in the centipede game and performance in pure backward induction games. (JEL C73)

Ungated Version

Risk Taking and Attractiveness in Chess

New IZA Working Paper

Anna Dreber Almenberg, Christer Gerdes, Patrik Gränsmark

Beauty Queens and Battling Knights: Risk Taking and Attractiveness in Chess

Abstract:
We explore the relationship between attractiveness and risk taking in chess. We use a large international panel dataset on chess competitions which includes a control for the players' skill in chess. This data is combined with results from a survey on an online labor market where participants were asked to rate the photos of 626 expert chess players according to attractiveness. Our results suggest that male chess players choose significantly riskier strategies when playing against an attractive female opponent, even though this does not improve their performance. Women's strategies are not affected by the attractiveness of the opponent.

http://ftp.iza.org/dp5314.pdf