Title :
Dynamic supergames on trees
Author :
Ou, Hui ; Ye, Zhongxing
Author_Institution :
Stat. & Financial Math. Dept., Hunan Normal Univ., Changsha, China
Abstract :
A class of discrete-time, dynamic supergames played by infinitely many players on tree is studied. Each player plays a number of two-person games with her neighbors simultaneously and updates her strategy stochastically based on the information from her neighbors´ strategies and the payoff she gets. Under the conditions of the pre-specified updating rules and the transition probabilities, the relevant strategy evolution process of the supersgame is proved to be a reversible Markov chain. The invariant Gibbsian measures which represent the long-run equilibrium plays with binary strategy and symmetric payoffs are obtained. They are well known Ising models on trees which exhibit phase transition phenomena in certain cases.
Keywords :
Markov processes; complex networks; econometrics; game theory; trees (mathematics); Gibbsian measure; Ising model; Markov chain; discrete time dynamic supergame; dynamic supergame; invariant measure; stochastic strategy; transition probability; Lead; Q measurement; Markov chain; equilibrium; invariant measure; phase transition; supergame; tree;
Conference_Titel :
Progress in Informatics and Computing (PIC), 2010 IEEE International Conference on
Conference_Location :
Shanghai
Print_ISBN :
978-1-4244-6788-4
DOI :
10.1109/PIC.2010.5687436