• DocumentCode
    573303
  • Title

    Long run equilibria in social games with coordination reward

  • Author

    Kabkab, Maya ; La, Richard J.

  • Author_Institution
    Dept. of Electr. & Comput. Eng., Univ. of Maryland, College Park, MD, USA
  • fYear
    2012
  • fDate
    21-23 March 2012
  • Firstpage
    1
  • Lastpage
    6
  • Abstract
    We study the interaction between two different types of players in the presence of uncertainty in the payoffs. In particular, we examine a scenario where there is a reward for coordinating with the players of the other type and investigate how the players behave when they interact repeatedly under a simple selection model. The recurring interactions between the players are modeled as an ergodic Markov chain that has a unique stationary distribution. We then look for equilibria on which the stationary distribution of the Markov chain will concentrate as the frequency at which players change their actions decreases. Such equilibria are called long run equilibria.
  • Keywords
    Markov processes; game theory; coordination reward; ergodic Markov chain; long run equilibria; payoff uncertainty; selection model; social games; Markov processes; Tin;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Information Sciences and Systems (CISS), 2012 46th Annual Conference on
  • Conference_Location
    Princeton, NJ
  • Print_ISBN
    978-1-4673-3139-5
  • Electronic_ISBN
    978-1-4673-3138-8
  • Type

    conf

  • DOI
    10.1109/CISS.2012.6310915
  • Filename
    6310915