The time-consistency of optimality principles in SVO-based multistage cooperative games

Wenwen Qiao; Wenfeng Yang; Yuyan Xia; Zihan Shu; Yin Li

doi:10.1109/CCDC58219.2023.10327364

The time-consistency of optimality principles in SVO-based multistage cooperative games

Wenwen Qiao^*
, Wenfeng Yang
, Yuyan Xia
, Zihan Shu
, Yin Li

^*Corresponding author for this work

St. Petersburg State University
Yan'an University
School of Mathematics, Harbin Institute of Technology

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

Abstract

In this study we consider the time consistency of multistage cooperative games with social value orientation (SVO) in which there is one optimal trajectories with complete information. In dynamic cooperative games, an important condition for the distribution of players' payoff is that individual rationality needs to be satisfied. If the players' payoff do not satisfy individual rationality as the game progresses along the cooperative trajectory, some players will deviate from the cooperative trajectory. And SVO can affect player payoffs along a strategy and thus influence cooperation.Therefore, we show the SVO influences the multistage cooperation games with complete information.

Original language	English
Title of host publication	Proceedings of the 35th Chinese Control and Decision Conference, CCDC 2023
Publisher	Institute of Electrical and Electronics Engineers Inc.
Pages	3163-3167
Number of pages	5
ISBN (Electronic)	9798350334722
DOIs	https://doi.org/10.1109/CCDC58219.2023.10327364
State	Published - 2023
Externally published	Yes
Event	35th Chinese Control and Decision Conference, CCDC 2023 - Yichang, China Duration: 20 May 2023 → 22 May 2023

Publication series

Name	Proceedings of the 35th Chinese Control and Decision Conference, CCDC 2023

Conference

Conference	35th Chinese Control and Decision Conference, CCDC 2023
Country/Territory	China
City	Yichang
Period	20/05/23 → 22/05/23

Keywords

individual rationality
multistage cooperative games
multistage optimal trajectories
social value orientation
time consistency

Access to Document

10.1109/CCDC58219.2023.10327364

Cite this

Qiao, W., Yang, W., Xia, Y., Shu, Z., & Li, Y. (2023). The time-consistency of optimality principles in SVO-based multistage cooperative games. In Proceedings of the 35th Chinese Control and Decision Conference, CCDC 2023 (pp. 3163-3167). (Proceedings of the 35th Chinese Control and Decision Conference, CCDC 2023). Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/CCDC58219.2023.10327364

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title = "The time-consistency of optimality principles in SVO-based multistage cooperative games",

abstract = "In this study we consider the time consistency of multistage cooperative games with social value orientation (SVO) in which there is one optimal trajectories with complete information. In dynamic cooperative games, an important condition for the distribution of players' payoff is that individual rationality needs to be satisfied. If the players' payoff do not satisfy individual rationality as the game progresses along the cooperative trajectory, some players will deviate from the cooperative trajectory. And SVO can affect player payoffs along a strategy and thus influence cooperation.Therefore, we show the SVO influences the multistage cooperation games with complete information.",

keywords = "individual rationality, multistage cooperative games, multistage optimal trajectories, social value orientation, time consistency",

author = "Wenwen Qiao and Wenfeng Yang and Yuyan Xia and Zihan Shu and Yin Li",

note = "Publisher Copyright: {\textcopyright} 2023 IEEE.; 35th Chinese Control and Decision Conference, CCDC 2023 ; Conference date: 20-05-2023 Through 22-05-2023",

year = "2023",

doi = "10.1109/CCDC58219.2023.10327364",

language = "英语",

series = "Proceedings of the 35th Chinese Control and Decision Conference, CCDC 2023",

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booktitle = "Proceedings of the 35th Chinese Control and Decision Conference, CCDC 2023",

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Qiao, W, Yang, W, Xia, Y, Shu, Z & Li, Y 2023, The time-consistency of optimality principles in SVO-based multistage cooperative games. in Proceedings of the 35th Chinese Control and Decision Conference, CCDC 2023. Proceedings of the 35th Chinese Control and Decision Conference, CCDC 2023, Institute of Electrical and Electronics Engineers Inc., pp. 3163-3167, 35th Chinese Control and Decision Conference, CCDC 2023, Yichang, China, 20/05/23. https://doi.org/10.1109/CCDC58219.2023.10327364

The time-consistency of optimality principles in SVO-based multistage cooperative games. / Qiao, Wenwen; Yang, Wenfeng; Xia, Yuyan et al.
Proceedings of the 35th Chinese Control and Decision Conference, CCDC 2023. Institute of Electrical and Electronics Engineers Inc., 2023. p. 3163-3167 (Proceedings of the 35th Chinese Control and Decision Conference, CCDC 2023).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

TY - GEN

T1 - The time-consistency of optimality principles in SVO-based multistage cooperative games

AU - Qiao, Wenwen

AU - Yang, Wenfeng

AU - Xia, Yuyan

AU - Shu, Zihan

AU - Li, Yin

PY - 2023

Y1 - 2023

N2 - In this study we consider the time consistency of multistage cooperative games with social value orientation (SVO) in which there is one optimal trajectories with complete information. In dynamic cooperative games, an important condition for the distribution of players' payoff is that individual rationality needs to be satisfied. If the players' payoff do not satisfy individual rationality as the game progresses along the cooperative trajectory, some players will deviate from the cooperative trajectory. And SVO can affect player payoffs along a strategy and thus influence cooperation.Therefore, we show the SVO influences the multistage cooperation games with complete information.

AB - In this study we consider the time consistency of multistage cooperative games with social value orientation (SVO) in which there is one optimal trajectories with complete information. In dynamic cooperative games, an important condition for the distribution of players' payoff is that individual rationality needs to be satisfied. If the players' payoff do not satisfy individual rationality as the game progresses along the cooperative trajectory, some players will deviate from the cooperative trajectory. And SVO can affect player payoffs along a strategy and thus influence cooperation.Therefore, we show the SVO influences the multistage cooperation games with complete information.

KW - individual rationality

KW - multistage cooperative games

KW - multistage optimal trajectories

KW - social value orientation

KW - time consistency

UR - https://www.scopus.com/pages/publications/85181843881

U2 - 10.1109/CCDC58219.2023.10327364

DO - 10.1109/CCDC58219.2023.10327364

M3 - 会议稿件

AN - SCOPUS:85181843881

T3 - Proceedings of the 35th Chinese Control and Decision Conference, CCDC 2023

SP - 3163

EP - 3167

BT - Proceedings of the 35th Chinese Control and Decision Conference, CCDC 2023

PB - Institute of Electrical and Electronics Engineers Inc.

T2 - 35th Chinese Control and Decision Conference, CCDC 2023

Y2 - 20 May 2023 through 22 May 2023

ER -

Qiao W, Yang W, Xia Y, Shu Z, Li Y. The time-consistency of optimality principles in SVO-based multistage cooperative games. In Proceedings of the 35th Chinese Control and Decision Conference, CCDC 2023. Institute of Electrical and Electronics Engineers Inc. 2023. p. 3163-3167. (Proceedings of the 35th Chinese Control and Decision Conference, CCDC 2023). doi: 10.1109/CCDC58219.2023.10327364

The time-consistency of optimality principles in SVO-based multistage cooperative games

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