Research output: Contribution to journal › Article › peer-review
The transformation of characteristic functions is an effective way to avoid time-inconsistency of cooperative solutions in dynamic games. There are several forms on the transformation of characteristic functions. In this paper, a class of general transformation of characteristic functions is proposed. It can lead to the time-consistency of cooperative solutions and guarantee that the irrational-behavior-proof conditions hold true. To illustrate the theory, an example of dynamic game on a tree is given.
Original language | English |
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Pages (from-to) | 1997 - 2012 |
Number of pages | 16 |
Journal | Journal of Systems Science and Complexity |
Volume | 33 |
Issue number | 6 |
Early online date | 4 Aug 2020 |
DOIs | |
State | Published - Dec 2020 |
ID: 62445233