Two-person second-order games, part 2: restructuring operations to reach a win-win profile

In Part 1 of the paper, using habitual domains theory and finite Markov chain theory, we have introduced a new model for describing the evolution of the states of mind of players over time, the two-person second-order game. The concepts of focal mind profile as well as the solution concept of win-wi...

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Main Authors:	Larbani, Moussa, Yu, Po Lung
Format:	Article
Language:	English
Published:	Springer 2009
Subjects:	HB131 Methodology.Mathematical economics. Quantitative methods
Online Access:	http://irep.iium.edu.my/13468/ http://irep.iium.edu.my/13468/ http://irep.iium.edu.my/13468/ http://irep.iium.edu.my/13468/1/JOTA_2_Published.pdf

id	iium-13468
recordtype	eprints
spelling	iium-134682012-02-02T06:33:28Z http://irep.iium.edu.my/13468/ Two-person second-order games, part 2: restructuring operations to reach a win-win profile Larbani, Moussa Yu, Po Lung HB131 Methodology.Mathematical economics. Quantitative methods In Part 1 of the paper, using habitual domains theory and finite Markov chain theory, we have introduced a new model for describing the evolution of the states of mind of players over time, the two-person second-order game. The concepts of focal mind profile as well as the solution concept of win-win mind profile have been introduced as solution concepts for these games. In Part 2 of the paper, we address the problem of restructuring a game where the focal profile (1, 1) is not reachable or is not a win-win profile into a game where the profile (1, 1) is a reachable win-win profile. Precisely, under some reasonable assumptions, we derive the possibility theorem that it is always possible to reach a win-win mind profile in a two-person second-order game.Moreover, we provide practical operations for restructuring games for reaching a win-win profile. Springer 2009 Article PeerReviewed application/pdf en http://irep.iium.edu.my/13468/1/JOTA_2_Published.pdf Larbani, Moussa and Yu, Po Lung (2009) Two-person second-order games, part 2: restructuring operations to reach a win-win profile. Journal of Optimization Theory and Applications, 141 (3). pp. 641-659. ISSN 0022-3239 http://www.springerlink.com/content/t55212411267552n/fulltext.pdf 10.1007/s10957-008-9488-x
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HB131 Methodology.Mathematical economics. Quantitative methods
spellingShingle	HB131 Methodology.Mathematical economics. Quantitative methods Larbani, Moussa Yu, Po Lung Two-person second-order games, part 2: restructuring operations to reach a win-win profile
description	In Part 1 of the paper, using habitual domains theory and finite Markov chain theory, we have introduced a new model for describing the evolution of the states of mind of players over time, the two-person second-order game. The concepts of focal mind profile as well as the solution concept of win-win mind profile have been introduced as solution concepts for these games. In Part 2 of the paper, we address the problem of restructuring a game where the focal profile (1, 1) is not reachable or is not a win-win profile into a game where the profile (1, 1) is a reachable win-win profile. Precisely, under some reasonable assumptions, we derive the possibility theorem that it is always possible to reach a win-win mind profile in a two-person second-order game.Moreover, we provide practical operations for restructuring games for reaching a win-win profile.
format	Article
author	Larbani, Moussa Yu, Po Lung
author_facet	Larbani, Moussa Yu, Po Lung
author_sort	Larbani, Moussa
title	Two-person second-order games, part 2: restructuring operations to reach a win-win profile
title_short	Two-person second-order games, part 2: restructuring operations to reach a win-win profile
title_full	Two-person second-order games, part 2: restructuring operations to reach a win-win profile
title_fullStr	Two-person second-order games, part 2: restructuring operations to reach a win-win profile
title_full_unstemmed	Two-person second-order games, part 2: restructuring operations to reach a win-win profile
title_sort	two-person second-order games, part 2: restructuring operations to reach a win-win profile
publisher	Springer
publishDate	2009
url	http://irep.iium.edu.my/13468/ http://irep.iium.edu.my/13468/ http://irep.iium.edu.my/13468/ http://irep.iium.edu.my/13468/1/JOTA_2_Published.pdf
first_indexed	2023-09-18T20:22:38Z
last_indexed	2023-09-18T20:22:38Z
_version_	1777408208930865152

Two-person second-order games, part 2: restructuring operations to reach a win-win profile

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