Chaos and control of game model based on heterogeneous expectations in electric power triopoly
type: Item
instance of: scholarly article
title: Chaos and control of game model based on heterogeneous expectations in electric power triopoly
zbMATH Open document ID: 1186.91107
DOI: 10.1155/2009/469564
published in: Discrete Dynamics in Nature and Society
publication date: 2010-04-26T00:00:00Z
full work available at URL: https://eudml.org/doc/222725
review text: Summary: A dynamic repeated game model has been established based on heterogeneous expectations in electric power triopoly. Theoretical analysis and numerical simulation show the complexity of this model; suppose that the producers make decisions with naive expectation and bounded rationality. The straight-line stabilization chaos control method is successfully applied to the dynamic repeated game model. The results have important practical value for the producers in the electric power oligopoly.
Mathematics Subject Classification ID: 91B26
Mathematics Subject Classification ID: 91A25
Mathematics Subject Classification ID: 34H10
Mathematics Subject Classification ID: 91B69
zbMATH DE Number: 5701467
Wikidata QID: Q58647484
author: Wei-Zhuo Ji
MaRDI profile type: Publication
OpenAlex ID: W1973173833
cites work: On modifications of Puu's dynamical duopoly
cites work: Multistability and cyclic attractors in duopoly games
cites work: The dynamics of Bowley's model with bounded rationality
cites work: Complex dynamics and synchronization of a duopoly game with bounded rationality
cites work: Nonlinear dynamics in the Cournot duopoly game with heterogeneous players
cites work: Q3418822
description: scientific article; zbMATH DE number 5701467