Title :
An Optimal Cost-Effective Solution Based on Numerical Analysis for N-Person Cooperative Game
Author :
Long, Yan ; Bingjie, Li ; Xuwei, Li
Abstract :
A new conception called optimal cost-effective solution is introduced for N-person cooperative game. This solution is not only Pareto optimum but also superior to the conventional Nash´ arbitration solution relative to Nash equilibrium strategy on the whole. It is to insure the individual rationality for all the players. This method gives a new and simple way for solving N-person cooperative game. It is also equivalent to the solution of a single objective programming. Finally, several examples are presented to demonstrate the results.
Keywords :
Convex functions; Cost function; Games; Nash equilibrium; Production; Programming; N-person game; Nash arbitration solution; Nash equilibrium strategy; Optimal cost-effective solution; Pareto optimum;
Conference_Titel :
Measuring Technology and Mechatronics Automation (ICMTMA), 2015 Seventh International Conference on
Conference_Location :
Nanchang, China
Print_ISBN :
978-1-4673-7142-1
DOI :
10.1109/ICMTMA.2015.36