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A geometrical perspective for the bargaining problem
- Source :
- PLoS ONE, Vol 5, Iss 4, p e10331 (2010), PLoS ONE
- Publication Year :
- 2010
- Publisher :
- Public Library of Science (PLoS), 2010.
-
Abstract
- A new treatment to determine the Pareto-optimal outcome for a non-zero-sum game is presented. An equilibrium point for any game is defined here as a set of strategy choices for the players, such that no change in the choice of any single player will increase the overall payoff of all the players. Determining equilibrium for multi-player games is a complex problem. An intuitive conceptual tool for reducing the complexity, via the idea of spatially representing strategy options in the bargaining problem is proposed. Based on this geometry, an equilibrium condition is established such that the product of their gains over what each receives is maximal. The geometrical analysis of a cooperative bargaining game provides an example for solving multi-player and non-zero-sum games efficiently.
- Subjects :
- TheoryofComputation_MISCELLANEOUS
Sequential equilibrium
Computer Science::Computer Science and Game Theory
Sequential game
Computer science
Mathematics/Game Theory
media_common.quotation_subject
Symmetric equilibrium
lcsh:Medicine
Outcome (game theory)
Mathematics/Algorithms
Extensive-form game
symbols.namesake
Strategy
Game Theory
Example of a game without a value
lcsh:Science
media_common
Implementation theory
Non-cooperative game
Bargaining problem
Multidisciplinary
Negotiating
Stochastic game
Symmetric game
lcsh:R
ComputingMilieux_PERSONALCOMPUTING
TheoryofComputation_GENERAL
Screening game
Negotiation
Equilibrium selection
Nash equilibrium
Best response
symbols
Repeated game
lcsh:Q
Solution concept
Mathematical economics
Game theory
Mathematics
Research Article
Subjects
Details
- Language :
- English
- ISSN :
- 19326203
- Volume :
- 5
- Issue :
- 4
- Database :
- OpenAIRE
- Journal :
- PLoS ONE
- Accession number :
- edsair.doi.dedup.....28075f1ddbdc7c5f10c6bcebe97c183b