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Dynamic multicriteria games with asymmetric players.
- Source :
- Journal of Global Optimization; Jul2022, Vol. 83 Issue 3, p521-537, 17p
- Publication Year :
- 2022
-
Abstract
- In this paper a new approach to construct cooperative behavior in dynamic multicriteria games with asymmetric players is presented. To obtain noncooperative and cooperative equilibria the ideas of multi-objective optimization and game theory are combined. To construct a multicriteria Nash equilibrium the bargaining solution is adopted. To design a multicriteria cooperative equilibrium a compromise scheme that guarantees the fulfillment of rationality conditions is applied. The concept of dynamic stability is adopted for dynamic multicriteria games, and the time-consistent payoff distribution procedure is presented. A dynamic bi-criteria bioresource management problem with different discount factors is considered. The strategies and payoffs of players are obtained under cooperative and noncooperative behavior. [ABSTRACT FROM AUTHOR]
- Subjects :
- DYNAMIC stability
NASH equilibrium
MATHEMATICAL optimization
GAME theory
GAMES
Subjects
Details
- Language :
- English
- ISSN :
- 09255001
- Volume :
- 83
- Issue :
- 3
- Database :
- Complementary Index
- Journal :
- Journal of Global Optimization
- Publication Type :
- Academic Journal
- Accession number :
- 157571772
- Full Text :
- https://doi.org/10.1007/s10898-020-00929-5