Title :
Dynamic Decision Systems A Fuzzy-Duopoly Approach
Author :
Cristea, Radu Nicolae
Author_Institution :
Dept. of Economic Cybern., Acad. of Economic Studies, Bucharest, Romania
Abstract :
This analysis uses the concepts like bounded rationality, fuzzy logic and fuzzy control theory to bring a new perspective on the use of threats as means of seeking game participation. In this paper we construct a dynamic situation and considering a two step duopoly we develop a new type of equilibrium - a fuzzy equilibrium - that is better suited for real life situations.
Keywords :
decision making; fuzzy control; fuzzy logic; game theory; bounded rationality; dynamic decision systems; fuzzy control theory; fuzzy equilibrium; fuzzy logic; fuzzy-duopoly approach; game participation; Automatic programming; Control theory; Cybernetics; Fuzzy control; Fuzzy logic; Game theory; Informatics; Mathematical model; Nonlinear dynamical systems; Signal analysis; competition; fuzzy control theory; game theory; marketing strategies;
Conference_Titel :
Informatics, 2009. PCI '09. 13th Panhellenic Conference on
Conference_Location :
Corfu
Print_ISBN :
978-0-7695-3788-7
DOI :
10.1109/PCI.2009.22
