Title page for ETD etd-08072000-17060036


Type of Document Dissertation
Author Sarangi, Sudipta
Author's Email Address ssarangi@vt.edu
URN etd-08072000-17060036
Title Exploring Payoffs and Beliefs in Game Theory
Degree PhD
Department Economics (Arts and Sciences)
Advisory Committee
Advisor Name Title
Gilles, Robert P. Committee Co-Chair
Haller, Hans H. Committee Co-Chair
Ball, Sheryl B. Committee Member
Feltenstein, Andrew Committee Member
Stegeman, Mark Committee Member
Keywords
  • Fuzzy Games
  • Nash Networks
  • Traveler's Dilemma
  • Reference Payoffs
Date of Defense 2000-07-31
Availability unrestricted
Abstract
This dissertation explores the importance of the payoff structure and beliefs for noncooperative games.

Chapter 2 considers instances where the payoffs and the objectives may not be very clear to the players or the analyst. We develop a model for analyzing such games using a vector of reference utilities which are included in the definition of the game and assumed to be shared by all players. These are used to obtain the true utilities in the game. Conditions for the existence of equilibrium are identified by allowing players to have beliefs about the others. The solution concept is applied to the Traveler's Dilemma and a duopoly.

In Chapter 3 a non-cooperative model of network formation is developed. Agents form links based on the cost of the link and its assessed benefit. Link formation is one-sided, i.e., agents can initiate links with other agents without their consent, provided the agent forming the link makes the appropriate investment. The model builds on the work of Bala and Goyal, but allows for agent heterogeneity by allowing for different failure probabilities. We investigate Nash networks that exhibit connectedness and redundancy and provide an explicit characterization of star networks. Efficiency and Pareto-optimality issues are discussed through examples. We also explore the consequences of three alternative specifications which address criticisms of such communication networks.

Chapter 4 examines noncooperative fuzzy games. Both in fuzzy noncooperative games and in abstract economies, players impose mutual restrictions on their available strategic choices. Here we combine these two theories: A player tries to minimize the restrictions he imposes on others, while respecting the restrictions imposed by others on him, but does not explicitly pursue any other objectives of his own. We establish existence of an equilibrium in this framework.

In Chapter 5 normal form game is modeled using tools from fuzzy set theory. We extend the decision theory framework of Bellman and Zadeh (1970) to a game-theoretic setting. The formulation is preliminary

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