Complex dynamics in a repeated game model with lagged structure

Author

Haobo, Wang ; Junhai, Ma ; Jing, Peng

Author_Institution

Sch. of Manage., Tianjin Univ., Tianjin, China

Volume

2

fYear

2010

fDate

6-7 March 2010

Firstpage

122

Lastpage

125

Abstract

We establish a nonlinear dynamic game model in this paper. A lagged structure is introduced to study the stability conditions of the system at the Nash equilibrium under a local adjustment process. We analyze the chaotic behavior with the assumption that the demand function being irrational and the competitors making decisions with delayed bounded rationality. Numerical simulations are provided to study the system complexity and the impact of the weight of the delayed factor.

Keywords

chaos; game theory; stability; Nash equilibrium; chaotic behavior; complex dynamics; delayed bounded rationality; demand function; lagged structure; local adjustment process; nonlinear dynamic game model; repeated game model; stability conditions; system complexity; Asia; Automatic control; Chaos; Conference management; Cost function; Delay; Equations; Financial management; Informatics; Robotics and automation; complexity; delayed bounded rationality; discrete dynamics; repeated game model;

fLanguage

English

Publisher

ieee

Conference_Titel

Informatics in Control, Automation and Robotics (CAR), 2010 2nd International Asia Conference on

Conference_Location

Wuhan

ISSN

1948-3414

Print_ISBN

978-1-4244-5192-0

Electronic_ISBN

1948-3414

Type

conf

DOI

10.1109/CAR.2010.5456754

Filename

5456754