Title :
Compensations in weak renegotiation proof equilibria
Author :
Yuankan Huang ; Inohara, Takehiro
Author_Institution :
Dept. of Value & Decision Sci., Tokyo Inst. of Technol., Tokyo, Japan
Abstract :
In an infinitely repeated game, after a player deviated from promised plays, if he can compensate for his opponent for a number of periods, then after the compensations, their interaction can return to the original state before the deviation. If we name such compensation as agreement, then such agreement can be modeled by weak renegotiation proof equilibrium. In this research, we discuss such equilibrium and introduce main approaches and possible applications regarding it.
Keywords :
game theory; social sciences; agreement; compensations; folk theorem; infinitely repeated game; weak renegotiation proof equilibria; Automata; Contracts; Educational institutions; Games; History; Monitoring; Vectors; folk theorem; infinitely repeated game; weak renegotiation proof equilibrium;
Conference_Titel :
Service Systems and Service Management (ICSSSM), 2014 11th International Conference on
Conference_Location :
Beijing
Print_ISBN :
978-1-4799-3133-0
DOI :
10.1109/ICSSSM.2014.6943391