Marine fuel refining technology improvement trade-offs: A game theoretic approach

Marine Policy ◽  
2021 ◽  
Vol 132 ◽  
pp. 104677
Author(s):  
Qin Zhou ◽  
Ruobin Gao ◽  
Kum Fai Yuen
Author(s):  
David Austen-Smith

This article focuses on economic methods in political science, specifically on positive political theory. It provides a sketch of the two canonical approaches to developing a positive political theory: collective preference theory and game theory. It is argued that these two techniques are distinguished by their trade-offs, despite having some clear formal differences. The article also considers other specific techniques within the game-theoretic approach, which are designed to accommodate two important analytical characteristics that are distinctive to political science.


1982 ◽  
Vol 55 (3) ◽  
pp. 367 ◽  
Author(s):  
Carl Alan Batlin ◽  
Susan Hinko

2021 ◽  
Vol 12 (1) ◽  
Author(s):  
Maya Diamant ◽  
Shoham Baruch ◽  
Eias Kassem ◽  
Khitam Muhsen ◽  
Dov Samet ◽  
...  

AbstractThe overuse of antibiotics is exacerbating the antibiotic resistance crisis. Since this problem is a classic common-goods dilemma, it naturally lends itself to a game-theoretic analysis. Hence, we designed a model wherein physicians weigh whether antibiotics should be prescribed, given that antibiotic usage depletes its future effectiveness. The physicians’ decisions rely on the probability of a bacterial infection before definitive laboratory results are available. We show that the physicians’ equilibrium decision rule of antibiotic prescription is not socially optimal. However, we prove that discretizing the information provided to physicians can mitigate the gap between their equilibrium decisions and the social optimum of antibiotic prescription. Despite this problem’s complexity, the effectiveness of the discretization solely depends on the type of information available to the physician to determine the nature of infection. This is demonstrated on theoretic distributions and a clinical dataset. Our results provide a game-theory based guide for optimal output of current and future decision support systems of antibiotic prescription.


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