Search Results - subject:"solution concepts"

A fixed point characterization of the dominancesolvability of lattice games with strategic substitutes

Zimper, Alexander - Economic Research Southern Africa (ERSA) - 2005

This note demonstrates that a lattice game with strategic substitutes is dominancesolvable if and only if there exists a unique fixed point of the function that results from an iteration of the best response function. This finding complements a result of Milgrom and Robertsâ€™ (1990) by...

Persistent link: https://www.econbiz.de/10008594462

Iterated regret minimization: A new solution concept

Halpern, Joseph Y.; Pass, Rafael - In: Games and Economic Behavior 74 (2012) 1, pp. 184-207

For some well-known games, such as the Travelerʼs Dilemma or the Centipede Game, traditional game-theoretic solution … concepts—most notably Nash equilibrium—predict outcomes that are not consistent with empirical observations. We introduce a new …

Persistent link: https://www.econbiz.de/10011049757

Inter-temporal Price Discrimination with Time Inconsistent Consumers

Sarafidis, Yianis - Econometric Society - 2004

-time-inconsistent consumers. En route to solving this game, we introduce two new solution concepts for dynamic games where some players are time … relies on backwards induction. Unlike in standard finite games, these solution concepts are not equivalent, even with perfect … information. We then use these solution concepts to solve the inter-temporal pricing game with time inconsistent consumers. We …

Persistent link: https://www.econbiz.de/10005342205

Non-Cooperative Stability Definitions for Strategic Analysis of Generic Water Resources Conflicts

Madani, Kaveh; Hipel, Keith - In: Water Resources Management 25 (2011) 8, pp. 1949-1977

In game theory, potential resolutions to a conflict are found through stability analysis, based on stability definitions having precise mathematical structures. A stability definition reflects a decision maker’s behavior in a conflict or game, predicts how the game is played, and suggests the...

Persistent link: https://www.econbiz.de/10010794466

Analysis and Comparisons of some Solution Concepts for Stochastic Programming Problems

Cerdá, Emilio; Caballero, Rafael; Muñoz, María del Mar; … - Facultad de Ciencias Económicas y Empresariales, … - 2002

questions different solution concepts have been defined for problems of these characteristics. These concepts are obtained by … comparable. Our study analyses and establishes some relations between these solution concepts. …

Persistent link: https://www.econbiz.de/10005057526

The roles of stories in applying game theory

Grune-Yanoff, Till; Schweinzer, Paul - In: Journal of Economic Methodology 15 (2008) 2, pp. 131-146

model narratives support the choice of solution concepts defined and provided by the theory proper. We further argue that …

Persistent link: https://www.econbiz.de/10005462986

TWISTED DUAL GAMES AND THEIR PROPERTIES

KIKUTA, KENSAKU - In: International Game Theory Review (IGTR) 09 (2007) 02, pp. 285-306

We define a duality of solutions in coalitional games that we call a twisted duality. This twisted duality extends the rule of self-duality in bankruptcy problems. After showing that the prekernel and prenucleolus exhibit twisted duality, we define a twisted reduced game property and...

Persistent link: https://www.econbiz.de/10005081038

A fixed point characterization of the dominance-solvability of lattice games with strategic substitutes

Zimper, Alexander - In: International Journal of Game Theory 36 (2007) 1, pp. 107-117

Persistent link: https://www.econbiz.de/10005755749

On the properties of solutions for NTU communication situations 1

Casas-Méndez, Balbina; Prada-Sánchez, José Manuel - In: Computational Statistics 58 (2003) 3, pp. 417-439

We consider the model of cooperative games in which the agents can restrict the communication, because agents are sometimes divided into subgroups in a natural way, for example by their political affinities or by the companies that employ them. More particularly we focus on cooperative games...

Persistent link: https://www.econbiz.de/10010847513

On the properties of solutions for NTU communication situations<Superscript>1</Superscript>

Casas-Méndez, Balbina; Prada-Sánchez, José Manuel - In: Mathematical Methods of Operations Research 58 (2003) 3, pp. 417-439

Persistent link: https://www.econbiz.de/10010999560