Economics, Econometrics and Finance
4 years ago

New Game Theory Breakthrough Unlocks Fairer Outcomes for All

2 views
RePEc: Research Papers in Economics
Implementation of the Recursive Core for Partition Function Form Games
Chen Ying Huang, Tomas Sjöström

Paper Summary

The recursive core (r-core) is successfully implemented in partition function form games using a modified non-cooperative game. Every stationary subgame perfect Nash equilibrium (SSPNE) outcome is an r-core outcome, and assuming total r-balancedness, every r-core outcome is an SSPNE outcome.

Related papers

Decision Sciences
8 years ago

Game Theory Unlocks Secrets of Economics, Business, Biology, and Politics

Network Formation
1 view
Economics, Econometrics and Finance
4 years ago

New research reveals key to fairer game theory outcomes

Mechanism Design
Network Formation
1 view
Economics, Econometrics and Finance
4 years ago

New research finds game theory breakthrough for strategic decision-making in complex systems.

Mechanism Design
Monetary Models
Option Pricing
1 view