Games in Fuzzy Environments

A noncooperative model of a normal form game is developed using tools from fuzzy set theory. The paper extends the decision theory framework of Bellman and Zadeh (1970) to a game-theoretic setting. We identify conditions for the existence of equilibrium in this setting and provide a duopoly example. The paper also provides a review of the existing literature on noncooperative fuzzy games and their applications.

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Year of publication:	2006
Authors:	Aristidou, Michael ; Sarangi, Sudipta
Published in:	Southern Economic Journal. - Southern Economic Association - SEA. - Vol. 72.2006, 3, p. 645-659
Publisher:	Southern Economic Association - SEA

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Type of publication:	Article
Classification:	C7 - Game Theory and Bargaining Theory ; D8 - Information and Uncertainty
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005738843