Research output: Contribution to journal › Article › peer-review
A Class of General Transformation of Characteristic Functions in Dynamic Games. / Liu, Cui; Gao, Hongwei; Petrosian, Ovanes; Liu, Ying; Wang, Lei.
In: Journal of Systems Science and Complexity, Vol. 33, No. 6, 12.2020, p. 1997 - 2012.Research output: Contribution to journal › Article › peer-review
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TY - JOUR
T1 - A Class of General Transformation of Characteristic Functions in Dynamic Games
AU - Liu, Cui
AU - Gao, Hongwei
AU - Petrosian, Ovanes
AU - Liu, Ying
AU - Wang, Lei
N1 - Liu, C., Gao, H., Petrosian, O. et al. A Class of General Transformation of Characteristic Functions in Dynamic Games. J Syst Sci Complex (2020). https://doi.org/10.1007/s11424-020-9069-0
PY - 2020/12
Y1 - 2020/12
N2 - 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.
AB - 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.
KW - Dynamic cooperative game
KW - general transformation of characteristic function
KW - irrational-behavior-proof condition
KW - time-consistency
KW - SHAPLEY VALUE
KW - COOPERATION
UR - http://www.scopus.com/inward/record.url?scp=85088872512&partnerID=8YFLogxK
UR - https://www.mendeley.com/catalogue/90b11887-31d6-3a77-9f39-9e73668cfadb/
U2 - 10.1007/s11424-020-9069-0
DO - 10.1007/s11424-020-9069-0
M3 - Article
AN - SCOPUS:85088872512
VL - 33
SP - 1997
EP - 2012
JO - Journal of Systems Science and Complexity
JF - Journal of Systems Science and Complexity
SN - 1009-6124
IS - 6
ER -
ID: 62445233