Showing 1 - 10 of 1,184
We introduce a new network centrality measure founded on the Gately value for cooperative games with transferable … utilities. A directed network is interpreted as representing control or authority relations between players-constituting a … hierarchical network. The power distribution embedded within a hierarchical network can be represented through appropriate TU …
Persistent link: https://www.econbiz.de/10014426676
The value is a solution concept for n-person strategic games, developed by Nash, Shapley, and Harsanyi. The value of a game is an a priori evaluation of the economic worth of the position of each player, reflecting the players' strategic possibilities, including their ability to make threats...
Persistent link: https://www.econbiz.de/10012806287
This paper studies a game of attack and interception in a network where a single attacker chooses a target and a path … characterize equilibrium attack paths and attack distributions as a function of the underlying network and target values. We show …
Persistent link: https://www.econbiz.de/10014440079
We study the efficient computation of power indices for weighted voting games with precoalitions amongst subsets of players (reflecting, e.g., ideological proximity) using the paradigm of dynamic programming. Starting from the state-of-the-art algorithms for computing the Banzhaf and...
Persistent link: https://www.econbiz.de/10013171847
In this article, we extend the application of cooperative game theory to the so-called low-risk puzzle. Specifically, we apply concepts that consider hierarchies on the assets in the allocation of portfolio risk. These hierarchies have not previously been considered in portfolio risk allocation...
Persistent link: https://www.econbiz.de/10015409028
The Nash program is an important research agenda initiated in Nash (Econometrica 21:128-140, 1953) in order to bridge the gap between the noncooperative and cooperative counterparts of game theory. The program is thus turning sixty-seven years old, but I will argue it is not ready for...
Persistent link: https://www.econbiz.de/10012503895
Purpose - The current paper is a brief review of the emerging field of quantum-like modelling in game theory. This paper aims to explore several quantum games, which are superior compared to their classical counterparts, which means either they give rise to superior Nash equilibria or they make...
Persistent link: https://www.econbiz.de/10012514899
Experimental studies show that the Nash equilibrium and its refinements are poor predictors of behavior in non-cooperative strategic games. Cooperation models, such as ERC and inequality aversion, yield superior predictions compared to the standard game theory predictions. However, those models...
Persistent link: https://www.econbiz.de/10013252726
The top three carbon emitters, the European Union (EU), China, and the United States (US), account for up to 50% of the global total, and actions of them are deterministic for the ambitious target of the Paris Agreement. Towards carbon neutrality, while the EU has been consistently leading and...
Persistent link: https://www.econbiz.de/10013189463
interactions. We also provide algorithms for computing pairwise stable and directed Nash stable networks in network formation games. … computing pure‐strategy Nash equilibria of games on networks with finite action spaces. The algorithms exploit the fact that … partition the network into smaller subgames whose equilibrium sets may be more feasible to compute. We provide bounds on the …
Persistent link: https://www.econbiz.de/10012316590