MCDM'11 - paper no. 10

 

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AN APPROACH TO MODELING ALTRUISTIC EQUILIBRIUM IN GAMES

Dmitry Podkopaev

Abstract:

We present an approach to modeling equilibrium in non-cooperative non-zero sum games taking into account player altruism. The altruistic preferences concern the relations between changes of the given player’s and the other players’ pay-offs. The degree of altruism is represented by the altruistic coefficient for each pair of players. We prove that any Pareto optimal strategy profile can be an equilibrium if the level of player altruism is high enough.

Keywords:

Game theory, altruistic equilibrium, altruistic trade-off.

Reference index:

Dmitry Podkopaev, (2011), AN APPROACH TO MODELING ALTRUISTIC EQUILIBRIUM IN GAMES, Multiple Criteria Decision Making (6), pp. 188-199

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