Games and cost of change

被引:8
|
作者
Flam, Sjur Didrik [1 ]
机构
[1] Univ Bergen, Informat Dept, Bergen, Norway
关键词
Adjustment costs; Proximal methods; Stationary states; Games; EQUILIBRIUM; CONVERGENCE; ALGORITHMS; NASH;
D O I
10.1007/s10479-020-03585-w
中图分类号
C93 [管理学]; O22 [运筹学];
学科分类号
070105 ; 12 ; 1201 ; 1202 ; 120202 ;
摘要
Most microeconomic and game theoretic models of individual choice overlook adjustment costs. Rather often, the modeler's concern is just with improvement of objectives. This optic doesn't quite fit agents somewhat tied to status quo. If rational, any such agent reasons whether moving to another state be worth his while. For that, the realized gains must outweigh the inconveniences of the move. Choosing games as chief setting, this paper offers some observations as to the fact that strategy change usually entails cost.
引用
收藏
页码:107 / 119
页数:13
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