Time consistency of cooperative solutions in dynamic games (Q2753294)
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scientific article; zbMATH DE number 1667848
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Time consistency of cooperative solutions in dynamic games |
scientific article; zbMATH DE number 1667848 |
Statements
6 February 2003
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strongly time-consistent optimality principles
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core
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Shapley value
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NM-solution
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0.9660163
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0.9374894
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0.9350941
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0.9160764
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0.9131081
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0.9127468
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Time consistency of cooperative solutions in dynamic games (English)
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The author proposes a family of Strong Time-Consistent Optimality Principles (STCOP) constructed on the basis of integration of local optimal behavior in the classical sense. Then he gets new STCOP's based on the core, the Shapley value, and NM-solution.NEWLINENEWLINEFor the entire collection see [Zbl 0969.00060].
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