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A game-theoretic perspective to study a nonlinear stochastic parabolic model of population competition.
- Source :
-
Optimization . Jul2023, Vol. 72 Issue 7, p1777-1815. 39p. - Publication Year :
- 2023
-
Abstract
- In this paper, a game of competition between two populations is designed. Populations are considered as two players competing against each other to increase their sizes. Players have been provided with costly two-component strategies. Population densities are described by two coupled nonlinear stochastic second-order parabolic equations. We have added stochastic terms to the deterministic model to consider random perturbations. First, we have considered the stochastic payoff functions and proved the game has a unique stochastic Nash equilibrium. Then, we have shown the stochastic Nash equilibrium is also a Nash equilibrium for the game with deterministic payoff functions defined by expectation. Cooperative game is also studied and stochastic Pareto efficient strategies are obtained. Then, the existence and uniqueness analyses of the deterministic Nash equilibrium and deterministic Pareto efficient strategies for the game with deterministic payoff functions are provided. The explicit forms of Nash equilibriums and Pareto efficient strategies are presented. Results about the losses the players experience when they don't cooperate are given. Finally, some numerical experiments are included to illustrate what we have claimed in the statements of theorems and show the effects of the Nash equilibrium and Pareto efficient strategy on the payoffs of the players. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 02331934
- Volume :
- 72
- Issue :
- 7
- Database :
- Academic Search Index
- Journal :
- Optimization
- Publication Type :
- Academic Journal
- Accession number :
- 164440390
- Full Text :
- https://doi.org/10.1080/02331934.2022.2041011