Mixed-Strategy Kant-Nash Equilibrium and Private Contributions to a Public Good

Author(s):  
Ngo Van Long
2019 ◽  
Vol 9 (20) ◽  
pp. 4395 ◽  
Author(s):  
Weisheng Liu ◽  
Jian Wu ◽  
Fei Wang ◽  
Yixin Huang ◽  
Qiongdan Dai ◽  
...  

The increasing penetration of distributed generation (DG) brings about great fluctuation and uncertainty in distribution networks. In order to improve the ability of distribution networks to cope with disturbances caused by uncertainties and to evaluate the maximum accommodation capacity of DG, a multi-objective programming method for evaluation of the accommodation capacity of distribution networks for DG is proposed, considering the flexibility of distribution networks in this paper. Firstly, a multi-objective optimization model for determining the maximum accommodation of DG by considering the flexibility of distribution networks is constructed, aiming at maximizing the daily energy consumption, minimizing the voltage amplitude deviation, and maximizing the line capacity margin. Secondly, the comprehensive learning particle swarm optimization (CLPSO) algorithm is used to solve the multi-objective optimization model. Then, the mixed strategy Nash equilibrium is introduced to obtain the frontier solution with the optimal joint equilibrium value in the Pareto solution set. Finally, the effectiveness of the proposed method is demonstrated with an actual distribution network in China. The simulation results show that the proposed planning method can effectively find the Pareto optimal solution set by considering multiple objectives, and can obtain the optimal equilibrium solution for DG accommodation capacity and distribution network flexibility.


1996 ◽  
Vol 12 (1) ◽  
pp. 67-88 ◽  
Author(s):  
Hans Jørgen Jacobsen

The most important analytical tool in non-cooperative game theory is the concept of a Nash equilibrium, which is a collection of possibly mixed strategies, one for each player, with the property that each player's strategy is a best reply to the strategies of the other players. If we do not go into normative game theory, which concerns itself with the recommendation of strategies, and focus instead entirely on the positive theory of prediction, two alternative interpretations of the Nash equilibrium concept are predominantly available.In the more traditional one, a Nash equilibrium is a prediction of actual play. A game may not have a Nash equilibrium in pure strategies, and a mixed strategy equilibrium may be difficult to incorporate into this interpretation if it involves the idea of actual randomization over equally good pure strategies. In another interpretation originating from Harsanyi (1973a), see also Rubinstein (1991), and Aumann and Brandenburger (1991), a Nash equilibrium is a ‘consistent’ collection of probabilistic expectations, conjectures, on the players. It is consistent in the sense that for each player each pure strategy, which has positive probability according to the conjecture about that player, is indeed a best reply to the conjectures about others.


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