Tag: Price of Anarchy

Asynchronous horizons durable-strategies dynamic games

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Graphic representing the environmental degradation that comes as a result of climate change. Dr Yeung and Dr Petrosyan have developed a theoretical solution based on the ideas of cooperative game theory that relies on cross-generational involvement to negate the current climate crisis.

Professor David Yeung from Shue Yan University, China, and Professor Leon Petrosyan from St Petersburg State University, Russia, are using game theory to understand responses to climate change. They have identified two critical features of real-life problems that involve strategic interactions – durable strategies and participants’ asynchronous horizons – and have developed a new class of dynamic games to solve […]

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