Market Power in Power Markets: Game Theory vs. Agent-Based Approach

Author(s):  
Marcelo Saguan ◽  
Nenad Keseric ◽  
Philippe Dessante ◽  
Jean-michel Glachant
Author(s):  
Katia Sycara ◽  
Paul Scerri ◽  
Anton Chechetka

In this chapter, we explore the use of evolutionary game theory (EGT) (Weibull, 1995; Taylor & Jonker, 1978; Nowak & May, 1993) to model the dynamics of adaptive opponent strategies for large population of players. In particular, we explore effects of information propagation through social networks in Evolutionary Games. The key underlying phenomenon that the information diffusion aims to capture is that reasoning about the experiences of acquaintances can dramatically impact the dynamics of a society. We present experimental results from agent-based simulations that show the impact of diffusion through social networks on the player strategies of an evolutionary game and the sensitivity of the dynamics to features of the social network.


2005 ◽  
Author(s):  
Silvano Cincotti ◽  
Eric Guerci ◽  
Marco Raberto

2019 ◽  
Vol 58 (22) ◽  
pp. 7044-7057 ◽  
Author(s):  
Qingfeng Meng ◽  
Leilei Chu ◽  
Zhen Li ◽  
Jingxian Chen ◽  
Jianguo Du ◽  
...  

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