Algorithms for hierarchical power (Q2639783)
From MaRDI portal
scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Algorithms for hierarchical power |
scientific article |
Statements
Algorithms for hierarchical power (English)
0 references
1990
0 references
A concept of hierarchical power is developed. In fact it means mainly information asymmetry (e.g. the first player knows the choice of the other while the second does not). It is shown that such asymmetry tends to stabilize cooperative behaviour in many noncooperative situations. Some computational methods connected with the conception of HP are given (based on iterative re-calculation of matrices). Some applications are considered.
0 references
information asymmetry
0 references
iterative decision process
0 references
hierarchical power
0 references
0 references