Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
479011 | European Journal of Operational Research | 2008 | 22 Pages |
Abstract
This paper deals with an extension of the concept of correlated strategies to Markov stopping games. The Nash equilibrium approach to solving nonzero-sum stopping games may give multiple solutions. An arbitrator can suggest to each player the decision to be applied at each stage based on a joint distribution over the players’ decisions according to some optimality criterion. This is a form of equilibrium selection. Examples of correlated equilibria in nonzero-sum games related to the best choice problem are given. Several concepts of criteria for selecting a correlated equilibrium are used.
Related Topics
Physical Sciences and Engineering
Computer Science
Computer Science (General)
Authors
David M. Ramsey, Krzysztof Szajowski,