PDF(229 KB)
A Class of General Transformation of Characteristic Functions in Dynamic Games
LIU Cui · GAO Hongwei · PETROSIAN Ovanes · LIU Ying · WANG Lei
Journal of Systems Science & Complexity ›› 2020, Vol. 33 ›› Issue (6) : 1997-2012.
PDF(229 KB)
PDF(229 KB)
A Class of General Transformation of Characteristic Functions in Dynamic Games
The transformation of characteristic functions is an effective way to avoid time-inconsistency of cooperative solutions in dynamic games. There are several forms on the transformation of characteristic functions. In this paper, a class of general transformation of characteristic functions is proposed. It can lead to the time-consistency of cooperative solutions and guarantee that the irrational-behaviorproof conditions hold true. To illustrate the theory, an example of dynamic game on a tree is given.
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