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Mathematics
Article . 2020 . Peer-reviewed
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Mathematics
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Mathematics
Article . 2020
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Rational Behavior in Dynamic Multicriteria Games

Authors: Anna Rettieva;

Rational Behavior in Dynamic Multicriteria Games

Abstract

We consider a dynamic, discrete-time, game model where n players use a common resource and have different criteria to optimize. To construct a multicriteria Nash equilibrium the bargaining solution is adopted. To design a multicriteria cooperative equilibrium, a modified bargaining scheme that guarantees the fulfillment of rationality conditions is applied. The concept of dynamic stability is adopted for dynamic multicriteria games. To stabilize the multicriteria cooperative solution a time-consistent payoff distribution procedure is constructed. The conditions for rational behavior, namely irrational-behavior-proofness condition and each step rational behavior condition are defined for dynamic multicriteria games. To illustrate the presented approaches, a dynamic bi-criteria bioresource management problem with many players is investigated.

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Keywords

multicriteria games, rational behavior conditions, dynamic stability, QA1-939, Nash bargaining solution, Mathematics, dynamic games

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
4
Top 10%
Average
Average
gold