On some models of many agent systems with competition and cooperation
Vassili N. Kolokoltsov, Oleg A. Malafeyev
TL;DR
This paper reviews and develops models of multi-agent systems exhibiting competition and cooperation, applying game theory to derive deep insights into their dynamics and behaviors.
Contribution
It introduces new models and perspectives on multi-agent systems with competition and cooperation, expanding on previous work with mathematical analysis.
Findings
Enhanced understanding of agent interactions
New models illustrating cooperation dynamics
Insights into competitive behaviors
Abstract
We review and develop a selection of models of systems with competition and cooperation, with origins in economics, where deep insights can be obtained by the mathematical methods of game theory. Some of these models were touched upon in authors' book 'Understanding Game Theory', World Scientific 2010, where also the necessary background on games can be found.
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Taxonomy
TopicsEconomic theories and models · Stochastic processes and financial applications · Complex Systems and Time Series Analysis