Title:Transfers in Non-cooperative Games
Lecturer:Pradeep Dubey
Host：Prof. Cui Zuiwei
Time: 2019.12.10 16:00-17:30
Location: A622
Abstract:
Considerplayers at a Nash Equilibrium (NE) of a non-cooperative game of money,which serves as their “status quo” in that game. We examine the possibility that theymight innovate monetary transfers amongst themselves, thereby changing thegame. In the domain of transfers which — in conjunction with concomitant NE ofthe changed game — are both “transparent” and “budget-balanced”, our focus ison those where all players are made better off compared to the status quo. Byway of key examples, we analyse the Prisoners’ Dilemma, the Centipede Game,Contests, and Crime and Punishment (in a population equilibrium).
Aboutthe presenter:
Prof. Dubey is a fellow of The Econometric Society.He is currently the leading professor of department of economics, Stony BrookUniversity, and also the co-director of the Stony Brook Game Theory Center. TheStony Brook Game Theory Center is one of the most important centers all overthe world for studying game theory. Prof. Dubey’s main research interests are gametheory and mathematical economics. He has published dozens of influentialpapers in leading economic journals, including Econometrica,Quarterly Journalof Economics,Journal of Economic Theory,Mathematics of Operations Research, andGames and Economic Behavior etc. Prof. Dubey is also a council member of Game Theory Society.
