Rational decision making under uncertainty of reaction: Nash-2 equilibrium concept
Математические методы анализа решений в экономике, бизнесе и политике. WP7. Высшая школа экономики , 2016. No. 1.
The paper examines an interaction of boundedly rational agents that are able to calculate their benefits after reaction of an opponent to their own deviations from the current strategy. Accounting for strategic aspects of interaction among players can be implemented as a generalization of the Nash equilibrium concept. This is a possible compromise behavior: not absolutely myopic as Nash concept and not as wise as supergame approach. This leads to a farsighted equilibrium concept that we call a Nash-2 equilibrium. We prove the existence of Nash-2 equilibrium for almost every 2-person game and discuss the problem of possible multiplicity of such equilibria. For a number of models (Bertrand duopoly with homogeneous and heterogeneous product, Cournot duopoly, Tullock contest) the Nash-2 equilibrium sets are obtained and treated as tacit collusion or strong competition depending additional security considerations. For n-person games the idea of selective farsightness is introduced by means of reflection network among players. Examples demonstrate that the reflection network topology fundamentally affects possible equilibria.
, Price-Quantity Competition of Farsighted Firms: Toughness vs. Collusion / Высшая школа экономики. Series EC "Economics". 2015. No. 93.
The paper examines an interaction of boundedly rational firms that are able to calculate their gains after reaction of an opponent to their own deviations from the current strategy. We consider an equilibrium concept that we call a Nash-2 equilibrium. We discuss the problem of existence and possible multiplicity of such equilibria, relation to infinite ...
Added: April 15, 2015
, , in: Recent Advances in Game Theory and Applications. .: Springer, 2016.. P. 251-269.
We examine an equilibrium concept for 2-person non-cooperative games with boundedly rational agents which we call Nash-2 equilibrium. It is weaker than Nash equilibrium and equilibrium in secure strategies: a player takes into account not only current strategies but also all profitable next-stage responses of the partners to her deviation from the current profile that ...
Added: October 3, 2016
, Nash-2 equilibrium: selective farsightedness under uncertain response / University Library of Munich. Series "Munich Personal RePEc Archive". 2017. No. 83152.
This paper provides an extended analysis of an equilibrium concept for non-cooperative games with boundedly rational players: a Nash-2 equilibrium. Players think one step ahead and account all profitable responses of player-specific subsets of opponents because of both the cognitive limitations to predict everyone's reaction and the inability to make more deep and certain prediction ...
Added: January 27, 2018
Корпоративная социальная ответственность как эффективный сигнал безопасности продуктов питания: результаты экономико-математического моделирования
, Вестник Пермского университета. Серия: Экономика 2015 № 3(26) С. 42-52
This paper discusses the question of whether the strategy of corporate social responsibility (CSR) is an effective signal of the high-level of food safety. Although the state mechanisms to reduce the problem of adverse selection acting, a large number of falsified and counterfeit food indicates its presence in the Russian food market. Specificity of food ...
Added: February 5, 2016
, A model of tacit collusion: Nash-2 equilibrium concept / Высшая школа экономики. Series EC "Economics". 2014. No. 70.
We examine the novel concept for repeated noncooperative games with bounded rationality: ``Nash-2'' equilibrium, called also ``threatening-proof profile'' in (Iskakov~M., Iskakov A., 2012). It is weaker than Nash equilibrium and equilibrium in secure strategies: a player takes into account not only current strategies but also the next-stage responses of the partners to her deviation from ...
Added: October 21, 2014
, , How agents' preferences on SPLIDDIT are distributed? / . 2017.
Added: October 12, 2017
, , Банковское кредитование 2013 Т. 48 № 2 С. 15-25
Изложенные в статье принципы управления потоком кредитных заявок, реализованные в виде локальной FPS-системы, позволяютбанку оперативно реагировать на признаки мошенничестват повысить пропускную способность кредитного конвеера при сохранении заданного уровня качества формируемого кредитного портфеля ...
Added: April 9, 2013
, Информационные системы и математические методы в экономике (электронный научный журнал) 2012 No. 3 P. 121-127
This paper reviews difficulties concerning a development of single-name CDS price (spread) dynamics model for the purpose of determination of margin requirements. It also discusses a possibility to construct such a model using information about respective equity prices and option implied volatilities. Finally, it presents the basic step towards the former idea demonstrating results for ...
Added: July 18, 2012
, , et al., Computational Management Science 2013 Vol. 10 No. 2-3 P. 105-124
A simple measure of similarity for the construction of the market graph is proposed. The measure is based on the probability of the coincidence of the signs of the stock returns. This measure is robust, has a simple interpretation, is easy to calculate and can be used as measure of similarity between any number of ...
Added: April 3, 2013
Innovative Information Technologies: Materials of the International scientific-practical conference. Part 3
M.: HSE, 2014
The materials of The Third International Scientific-Practical Conference is presented below. The Conference reflects the modern state of innovation in education, science, industry and social-economic sphere, from the standpoint of introducing new information technologies. Digest of Conference materials is presented in 3 parts. It is interesting for a wide range of researchers, teachers, graduate students and ...
Added: April 18, 2014
Concerted practice enforcement in Russia: How judicial review shapes the standards of evidence and number of enforcement targets
, , Russian Journal of Economics 2020 Vol. 6 No. 3 P. 239-257
A judicial review of the infringement decisions of the competition authority substantially affects the standard of evidence in competition enforcement as well as the structure of cases that the competition authority takes. Enforcement against concerted practice in Russia represents a case-study of interaction between commercial courts of first instance, the Highest Court, the competition authority ...
Added: September 25, 2020
, , et al., М.: ЛКИ, 2010
В книге обсуждаются общие закономерности эволюции Мир-Системы. Показано, что они могут описываться при помощи крайне простых математических моделей. Рассматривается соотношение между микроуровневым хаосом и высокодетерминированной динамикой на макроуровне. Анализируется соотношение между циклическими и поступательными процессами. Проанализированные данные и разработанные модели позволяют предложить ряд конкретных рекомендаций, например, выявить пути решения демографического кризиса в России. Книга представляет ...
Added: March 9, 2013
, , Вестник Ижевского государственного технического университета 2015 № 2(66) С. 110-112
This paper describes the results of testing the neuronal technical trend indicator according to the exchange rate of Brent oil in 2014. Testing of the model was carried out on three time series, which characterized by their features. ...
Added: August 31, 2015
Information Innovative Technologies: Materials of the International scientific – рractical conference
M.: Association of graduates and employees of AFEA named after prof. Zhukovsky, 2018
The materials of The International Scientific – Practical Conference is presented below. The Conference reflects the modern state of innovation in education, science, industry and social-economic sphere, from the standpoint of introducing new information technologies. It is interesting for a wide range of researchers, teachers, graduate students and professionals in the field of innovation and information technologies. ...
Added: May 24, 2018
World Religions and Social Evolution of the Old World Oikumene Civilizations: a Cross-Cultural Perspective
, NY: The Edwin Mellen Press, 2004
This book provides a cross-cultural analysis of traditional social organization of the Old World Oikumene civilizations, which suggest that the world religions were its major determinant. The role of Christianity and Islam as determinants of social evolution is analyzed in more detail. Formal analysis performed in this book shows that though such factors as political ...
Added: March 10, 2013
, Group Decision and Negotiation 2019 Vol. 28 No. 2 P. 275-304
This paper provides an extended analysis of an equilibrium concept for non-cooperative games with boundedly rational players: Nash-2 equilibrium. Players think one step ahead and account for all profitable responses of player-specific subsets of opponents because of both the cognitive limitations on predicting everyone’s reaction and the inability to make deeper and certain predictions. They ...
Added: December 14, 2018
, , Банковское кредитование 2013 Т. 48 № 2 С. 15-25
Система предотвращения мошенничества (внутреннего и внешнего) мошенничества при потребительском кредитовании нацелена на выявление искажений персональных данных самими клиентами и/или с участием лиц вне банка (организованных преступных группировок, "черных(серых)" брокеров), а также для выявления фактов внутреннего мошенничества с участием сотрудников банка. Упор делается на индикаторы мошенничества, построенные на основе алгоритма нечетких совпадений. В системе предусмотрены возможности ...
Added: November 24, 2013
, Вестник Института экономики Российской академии наук 2015 № 1 С. 149-162
The 19th century saw an explosive growth of the gap between the “First” and the “Third” World as regards per capita incomes and levels of life that has become to be known as the “Great Divergence”. In the 20th century the Great Divergence continued up to the early 1970s, and then – in the late ...
Added: December 3, 2015
, Логистика и управление цепями поставок 2018 № 4 (87) С. 27-33
One of the options for a more flexible approach to analyzing the reliability of supply chains is the principal component analysis (PCA). With a large number of variables describing supply chain, it is a difficult task to analyze the structure of variables in two-dimensional space. Within the analysis of the variables dependencies PCA allows to ...
Added: November 29, 2018
, On repeated zero-sum games with incomplete information and asymptotically bounded values / . 2015.
We consider repeated zero-sum games with incomplete information on the side of Player2 with the total payoff given by the non-normalized sum of stage gains. In the classical examples the value of such N-stage game is of the order of N or square root of N as N tends to infinity. Our aim is to present a general ...
Added: December 28, 2015
, , , Управление большими системами: сборник трудов 2014 № 52 С. 6-22
We propose an algorithm that solves the optimal stopping problem with the finite horizon. The algorithm is based on a derived recurrent equation for the optimal stopping time. It fulfils "separation" principle of solving the optimal stopping problem. This algorithm, implemented in Maple 14 system of computer algebras, is used to solve optimal stopping problems ...
Added: March 4, 2015
, , , Tullock Rent-Seeking Contest and its Solution in Secure Strategies / Издательский дом ВШЭ. Series WP7 "Математические методы анализа решений в экономике, бизнесе и политике". 2013. No. WP7/2013/01.
It is well known that a pure-strategy Nash equilibrium does not exist for a two-player rentseeking contest when the contest success function parameter α is greater than two. We analyze the contest using the concept of an equilibrium in secure strategies, which is a generalization of the Nash equilibrium. It is defined by two conditions: ...
Added: October 2, 2013
, , Algorithms for Competitive Division of Chores / . 2019.
We study the problem of allocating divisible bads (chores) among multiple agents with additive utilities, when money transfers are not allowed. The competitive rule is known to be the best mechanism for goods with additive utilities and was recently extended to chores by Bogomolnaia et al (2017). For both goods and chores, the rule produces ...
Added: September 24, 2019
Пятая Международная конференция «Системный анализ и информационные технологии» САИТ-2013 (19–25 сентября 2013 г., г.Красноярск, Россия): Труды конференции. В 2-х т.
Красноярск: ИВМ СО РАН, 2013
Труды Пятой Международной конференции «Системный анализ и информационные технологии» САИТ-2013 (19–25 сентября 2013 г., г.Красноярск, Россия): ...
Added: November 18, 2013