Chaos and control of game model based on heterogeneous expectations in electric power triopoly (Q965734): Difference between revisions
From MaRDI portal
Created a new Item |
Created claim: Wikidata QID (P12): Q58647484, #quickstatements; #temporary_batch_1706331283219 |
||
| Property / Wikidata QID | |||
| Property / Wikidata QID: Q58647484 / rank | |||
Normal rank | |||
Revision as of 06:57, 27 January 2024
scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Chaos and control of game model based on heterogeneous expectations in electric power triopoly |
scientific article |
Statements
Chaos and control of game model based on heterogeneous expectations in electric power triopoly (English)
0 references
26 April 2010
0 references
Summary: A dynamic repeated game model has been established based on heterogeneous expectations in electric power triopoly. Theoretical analysis and numerical simulation show the complexity of this model; suppose that the producers make decisions with naive expectation and bounded rationality. The straight-line stabilization chaos control method is successfully applied to the dynamic repeated game model. The results have important practical value for the producers in the electric power oligopoly.
0 references
