Title :
Complex dynamics in a repeated game model with lagged structure
Author :
Haobo, Wang ; Junhai, Ma ; Jing, Peng
Author_Institution :
Sch. of Manage., Tianjin Univ., Tianjin, China
Abstract :
We establish a nonlinear dynamic game model in this paper. A lagged structure is introduced to study the stability conditions of the system at the Nash equilibrium under a local adjustment process. We analyze the chaotic behavior with the assumption that the demand function being irrational and the competitors making decisions with delayed bounded rationality. Numerical simulations are provided to study the system complexity and the impact of the weight of the delayed factor.
Keywords :
chaos; game theory; stability; Nash equilibrium; chaotic behavior; complex dynamics; delayed bounded rationality; demand function; lagged structure; local adjustment process; nonlinear dynamic game model; repeated game model; stability conditions; system complexity; Asia; Automatic control; Chaos; Conference management; Cost function; Delay; Equations; Financial management; Informatics; Robotics and automation; complexity; delayed bounded rationality; discrete dynamics; repeated game model;
Conference_Titel :
Informatics in Control, Automation and Robotics (CAR), 2010 2nd International Asia Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-5192-0
Electronic_ISBN :
1948-3414
DOI :
10.1109/CAR.2010.5456754
