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Showing 1 to 5 of 5 for “"Bayesian game"”.
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Efficiency loss in resource allocation games
… efficiency loss in classical Cournot oligopoly games, where multiple oligopolists compete by choosing quantities. We also compare the total profit earned at a Cournot equilibrium to the maximum possible total profit that would be obtained if the suppliers were to collude. For the second topic, …
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Adversarial risk analysis for first-price sealed-bid auctions
… auction theory using the decision-theoretic and Bayesian game-theoretic approaches. From a practical point of view, each approach has its limitations. To overcome those limitations, Rios Insua et al. (2009) introduced an approach, called adversarial risk analysis (ARA) that provides an optimal …
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Value of heterogeneous information in stochastically congestible facilities
… model of traffic congestion. We consider a Bayesian game with two heterogeneous commuter populations: one population is privately informed of the realized network state while the other only knows the public information about the distribution of states. We characterize the equilibrium of the …
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REPUTATION COMPUTATION IN SOCIAL NETWORKS AND ITS APPLICATIONS
… counting of observations. Finally, we design a bayesian reputation game where reputation is used as payoffs. The game theoretic view of reputation computation reflects another level of reality in which all agents are rational in sharing reputation information of others. An interesting behavior …
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On the role of signaling in mitigation of road-traffic congestion: The price of anarchy of signaling-based strategies in stochastic networks
… of vagaries, following the canonical congestion game approach. We allow a central controller to observe nature's state and make exploit the information gap between her and the drivers, to cater information to drivers in a most social manner. In addition to the extreme cases of full and no …