Results 21 to 30 of about 137,871 (221)
Refinements of the Nash equilibrium concept [PDF]
International Journal of Game Theory, 1978 Selten's concept of perfect equilibrium for normal form games is reviewed, and a new concept of proper equilibrium is defined. It is shown that the proper equilibria form a nonempty subset of the perfect equilibria, which in turn form a subset of the Nash equilibria. An example is given to show that these inclusions may be strict.
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Day‐ahead operation strategy for multiple data centre prosumers: A cooperative game approach
IET Renewable Power Generation, EarlyView., 2023 This paper presents a cooperative framework for interconnected data centre prosumers (DCPs) in a data centre park and proposes a novel day‐ahead operation strategy considering uncertainties in photovoltaic (PV) generations and workloads using the equivalent linear robust reformation method.
Zhihao Yang, Haoming Liu, Ming Ni
wiley +1 more source
The Complexity of Computing a Nash Equilibrium [PDF]
SIAM Journal on Computing, 2006 How long does it take until economic agents converge to an equilibrium? By studying the complexity of the problem of computing a mixed Nash equilibrium in a game, we provide evidence that there are games in which convergence to such an equilibrium takes prohibitively long.
Christos H. Papadimitriou +2 more
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The future of dispute resolution in international trade
Applied Economic Perspectives and Policy, EarlyView.Abstract Given ongoing dysfunction of the World Trade Organization's Appellate Body, the focus of this article is on the future of trade dispute resolution, with evaluation of two questions: (i) What is the current status of WTO dispute resolution as compared to that conducted through existing preferential trade agreements (PTAs)? and (ii) What are the
Ian Sheldon, Daniel C. K. Chow
wiley +1 more source
Product differentiation in the fruit industry: Lessons from trademarked apples
Agribusiness, EarlyView.Abstract We derive price premiums for patented or trademarked apple varieties, also known as “club apples,” compared to open‐variety apples. We use an expansive retail scanner dataset, along with unique data on apple taste characteristics, to estimate monthly club apple premiums for 2008–2018.
Modhurima Dey Amin +3 more
wiley +1 more source
Deterministic calibration and Nash equilibrium
Journal of Computer and System Sciences, 2004 AbstractWe provide a natural learning process in which the joint frequency of (time-averaged) empirical play converges into the set of convex combinations of Nash equilibria. Furthermore, the actual distribution of players' actions is close to some (approximate) Nash equilibria on most rounds (on all but a vanishing fraction of the rounds).
Kakade, Sham M, Foster, Dean P
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Rational Learning Leads to Nash Equilibrium [PDF]
Econometrica, 1993 Each of n players, in an infinitely repeated game, starts with subjective beliefs about his opponents' strategies. If the individual beliefs are compatible with the true strategies chosen, then Bayesian updating will lead in the long run to accurate prediction of the future play of the game. It follows that individual players, who know their own payoff
Ehud Kalai, Ehud Lehrer
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Approximate well-supported Nash equilibria in symmetric bimatrix games
, 2014 The $\varepsilon$-well-supported Nash equilibrium is a strong notion of approximation of a Nash equilibrium, where no player has an incentive greater than $\varepsilon$ to deviate from any of the pure strategies that she uses in her mixed strategy.
C. Daskalakis +8 more
core +1 more source
Price Transmission During Promotions: A Case Study of Spanish Milk Brands
Agribusiness, EarlyView.ABSTRACT Price promotion is the marketing tool typically used by retail brands to boost sales and gain market share. In this paper, we intend to investigate the price transmission mechanism among competitive brands in Spain when price reductions that are associated with price promotions take place.
Yasmine Bedoui +2 more
wiley +1 more source
Joint Situational Assessment‐Hierarchical Decision‐Making Framework for Maneuver Intent Decisions
Advanced Intelligent Systems, EarlyView.This study introduces a new framework for decision‐making in unmanned combat aerial vehicles (UCAVs), integrating graph convolutional networks and hierarchical reinforcement learning (HRL). The method tackles adopts a curriculum‐based training approach guided by cross‐entropy rewards.
Ruihai Chen +4 more
wiley +1 more source