Zola, Maurizio Angelo (2024): A Novel Dominance Principle based Approach to the Solution of Two Persons General Sum Games with n by m moves.
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Abstract
In a previous paper [1] the application of the dominance principle was proposed to fi nd the non-cooperative solution of the two by two general sum game with mixed strategies; in this way it was possible to choose the equilibrium point among the classical solutions avoiding the ambiguity due to their non-interchangeability, moreover the non-cooperative equilibrium point was determined by a new geometric approach based on the dominance principle. Starting from that result it is here below proposed the extension of the method to two persons general sum games with n by m moves. The algebraic two multi-linear forms of the expected payoffs of the two players are studied. From these expressions of the expected payoffs the derivatives are obtained and they are used to express the probabilities distribution on the moves after the two defi nitions as Nash and prudential strategies [1]. The application of the dominance principle allows to choose the equilibrium point between the two solutions avoiding the ambiguity due to their non-interchangeability and a conjecture about the uniqueness of the solution is proposed in order to solve the problem of the existence and uniqueness of the non-cooperative solution of a two persons n by m game. The uniqueness of the non-cooperative solution could be used as a starting point to find out the cooperative solution of the game too. Some games from the sound literature are discussed in order to show the effectiveness of the presented procedure.
Item Type: | MPRA Paper |
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Original Title: | A Novel Dominance Principle based Approach to the Solution of Two Persons General Sum Games with n by m moves |
English Title: | A Novel Dominance Principle based Approach to the Solution of Two Persons General Sum Games with n by m moves |
Language: | English |
Keywords: | Dominance principle; General sum game; two persons n by m moves game |
Subjects: | C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory > C72 - Noncooperative Games |
Item ID: | 122312 |
Depositing User: | Mr Maurizio Angelo Zola |
Date Deposited: | 08 Oct 2024 13:33 |
Last Modified: | 17 Nov 2024 14:27 |
References: | [1] Zola M.A. (2024) A Novel Integrated Algebraic/Geometric Approach to the Solution of Two by Two Games with Dominance Principle. Munich Personal RePEc Archive MPRA-paper-121935 - 10 Sep 2024. [2] Nash J.F. (1951) Non-Cooperative Games. Annals of Mathematics, Second Series 54(2), 286–295, Mathematics Department, Princeton University. [3] Nash J.F. (1950) The bargaining problem. Econometrica, 18(2), 155–162. [4] Nash J.F. (1950) Equilibrium points in n-person games. Proceedings of the National Academy of Sciences of the United States of America, 36(1), 48–49. [5] Nash J.F. (1953) Two-person cooperative games. Econometrica, 21(1), 128–140. [6] Luce R.D., Raiffa H. (1957) Games and decisions: Introduction and critical survey. Dover books on Advanced Mathematics, Dover Publications. [7] Owen G. (1968) Game theory. New York: Academic Press (I ed.), New York: Academic Press (II ed. 1982), San Diego (III ed. 1995), United Kingdom: Emerald (IV ed. 2013). [8] Straffin P.D. (1993) Game Theory and Strategy. The Mathematical Association of America, New Mathematical Library. [9] Van Damme E. (1991) Stability and Perfection of Nash Equilibria. Springer-Verlag. Second, Revised and Enlarged Edition. [10] Dixit A.K., Skeath S. (2004) Games of Strategy. Norton & Company. Second Edition. [11] Tognetti M. (1970) Geometria. Pisa, Italy: Editrice Tecnico Scientifica. [12] Maschler M., Solan E., Zamir S. (2017) Game theory. UK: Cambridge University Press. [13] Esposito G., Dell’Aglio L. (2019) Le Lezioni sulla teoria delle superficie nell’opera di Ricci-Curbastro. Unione Matematica Italiana. [14] Bertini C., Gambarelli G., Stach I. (2019) Strategie – Introduzione alla Teoria dei Giochi e delle Decisioni. G. Giappichelli Editore. [15] Vygodskij M.J. (1975) Mathematical Handbook Higher Mathematics. MIR, Moscow. [16] Von Neumann J., Morgenstern O. (1944) Theory of Games and Economic Behavior. New Jersey Princeton University Press. |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/122312 |