Research output: Contribution to journal › Article › peer-review
Multistage games. / Grauer, LV; Petrosyan, LA.
In: Journal of Applied Mathematics and Mechanics, Vol. 68, No. 4, 2004, p. 597-605.Research output: Contribution to journal › Article › peer-review
}
TY - JOUR
T1 - Multistage games
AU - Grauer, LV
AU - Petrosyan, LA
PY - 2004
Y1 - 2004
N2 - Infinite stage and finite stage games are considered in a tree-like graph in which a certain simultaneous game corresponds to each vertex. A definition of a strong Nash transferable equilibrium is given. In the case of infinite stage games, a regularization procedure is introduced which enables a strong transferable equilibrium to be constructed. A strong transferable equilibrium is found in explicit form for the specific case o the n-person, repeated, infinite stage "Prisoner's dilemma" game. A new class of Nash equilibria, based on the use of penalty strategies, is defined in the case of finite stage games. Explicit analytical formulae are obtained for the number of stages required for the penalty. It is shown that the payoffs in a given equilibrium exceed the payoffs in the classical absolute equilibrium. (C) 2004 Elsevier Ltd. All rights reserved.
AB - Infinite stage and finite stage games are considered in a tree-like graph in which a certain simultaneous game corresponds to each vertex. A definition of a strong Nash transferable equilibrium is given. In the case of infinite stage games, a regularization procedure is introduced which enables a strong transferable equilibrium to be constructed. A strong transferable equilibrium is found in explicit form for the specific case o the n-person, repeated, infinite stage "Prisoner's dilemma" game. A new class of Nash equilibria, based on the use of penalty strategies, is defined in the case of finite stage games. Explicit analytical formulae are obtained for the number of stages required for the penalty. It is shown that the payoffs in a given equilibrium exceed the payoffs in the classical absolute equilibrium. (C) 2004 Elsevier Ltd. All rights reserved.
UR - http://www.scopus.com/inward/record.url?scp=12244285693&partnerID=8YFLogxK
U2 - 10.1016/j.jappmathmech.2004.07.012
DO - 10.1016/j.jappmathmech.2004.07.012
M3 - статья
AN - SCOPUS:12244285693
VL - 68
SP - 597
EP - 605
JO - Journal of Applied Mathematics and Mechanics
JF - Journal of Applied Mathematics and Mechanics
SN - 0021-8928
IS - 4
ER -
ID: 40031825