Overview
- Provides techniques for solving durable strategies dynamic games
- Covers theories, solution techniques, and applications of a general class of dynamic games
- Enables readers to solve numerous practical dynamic problems
Part of the book series: Theory and Decision Library C (TDLC, volume 50)
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Table of contents (9 chapters)
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Front Matter
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Back Matter
Keywords
About this book
Durable strategies that have prolonged effects are prevalent in real-world situations. Revenue-generating investments, toxic waste disposal, long-lived goods, regulatory measures, coalition agreements, diffusion of knowledge, advertisement and investments to accumulate physical capital are concrete and common examples of durable strategies. This book provides an augmentation of dynamic game theory and advances a new game paradigm with durable strategies in decision-making schemes. It covers theories, solution techniques, and the applications of a general class of dynamic games with multiple durable strategies. Non-cooperative equilibria and cooperative solutions are derived, along with advanced topics including random termination, asynchronous game horizons, and stochastic analysis. The techniques presented here will enable readers to solve numerous practical dynamic interactive problems with durable strategies.
This book not only expands the scope of applied dynamic game theory, but also provides a solid foundation for further theoretical and technical advancements. As such, it will appeal to scholars and students of quantitative economics, game theory, operations research, and computational mathematics.
"Not too many new concepts have been introduced in dynamic games since their inception. The introduction of the concept of durable strategies changes this trend and yields important contributions to environmental and business applications."
Dušan M Stipanović, Professor, University of Illinois at Urbana-Champaign
"Before this book, the field simply did not realize that most of our strategies are durable and entail profound effects in the future. Putting them into the mathematical framework of dynamic games is a great innovative effort."
Vladimir Turetsky, Professor, Ort Braude College
“Durable-strategies Dynamic Games is trulya world-leading addition to the field of dynamic games. It is a much needed publication to tackle increasingly crucial problems under the reality of durable strategies.”
Vladimir Mazalov, Director of Mathematical Research, Russian Academy of Sciences & President of the International Society of Dynamic Games
Authors and Affiliations
About the authors
Leon Petrosjan is a Professor of Applied Mathematics and Head of the Department of Mathematical Game theory and Statistical Decision Theory at the St. Petersburg University, Russia.
Bibliographic Information
Book Title: Durable-Strategies Dynamic Games
Book Subtitle: Theory, Solution Techniques and Applications
Authors: David W. K. Yeung, Leon A. Petrosyan
Series Title: Theory and Decision Library C
DOI: https://doi.org/10.1007/978-3-030-92742-4
Publisher: Springer Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2022
Hardcover ISBN: 978-3-030-92741-7Published: 01 April 2022
Softcover ISBN: 978-3-030-92744-8Published: 02 April 2023
eBook ISBN: 978-3-030-92742-4Published: 31 March 2022
Series ISSN: 0924-6126
Series E-ISSN: 2194-3044
Edition Number: 1
Number of Pages: XII, 303
Number of Illustrations: 1 b/w illustrations
Topics: Game Theory, Economics, Social and Behav. Sciences, Economic Theory/Quantitative Economics/Mathematical Methods, Operations Research/Decision Theory, Applications of Mathematics, Optimization