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n-Person Second-Order Games: a paradigm shift in game theory

Larbani, Moussa and Yu, Po Lung (2011) n-Person Second-Order Games: a paradigm shift in game theory. Journal of optimization theory and applications, 149 (3). pp. 447-473. ISSN 0022-3239

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In this paper, we present a new approach to n-person games based on the Habitual domain theory. Unlike the traditional game theory models, the constructed model captures the fact that the underlying changes in the psychological aspects and mind states of the players over the arriving events are the key factors, which determine the dynamic process of coalition formation. We introduce two new concepts of solution for games: strategically stable mind profile and structurally stable mind profile. The theory introduced in this paper overcomes the dichotomy of noncooperative/ cooperative games, prevailing in the existing game theory, which makes game theory more applicable to real-world game situations.

Item Type: Article (Journal)
Additional Information: 3917/2682
Uncontrolled Keywords: Habitual domains · Games · Coalition formation · Markov chains
Subjects: H Social Sciences > HB Economic Theory > HB238 Competition. Production. Wealth
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): Kulliyyah of Economics and Management Sciences > Department of Business Administration
Depositing User: Professor Larbani Moussa
Date Deposited: 07 Sep 2011 16:14
Last Modified: 03 Jul 2013 11:13
URI: http://irep.iium.edu.my/id/eprint/2682

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