Computer Science – Computer Science and Game Theory
Scientific paper
2004-04-20
Computer Science
Computer Science and Game Theory
13 pages, no figures
Scientific paper
A growing body of literature in networked systems research relies on game theory and mechanism design to model and address the potential lack of cooperation between self-interested users. Most game-theoretic models applied to system research only describe competitive equilibria in terms of pure Nash equilibria, that is, a situation where the strategy of each user is deterministic, and is her best response to the strategies of all the other users. However, the assumptions necessary for a pure Nash equilibrium to hold may be too stringent for practical systems. Using three case studies on computer security, TCP congestion control, and network formation, we outline the limits of game-theoretic models relying on Nash equilibria, and we argue that considering competitive equilibria of a more general form may help reconcile predictions from game-theoretic models with empirically observed behavior.
Christin Nicolas
Chuang John
Grossklags Jens
No associations
LandOfFree
Near Rationality and Competitive Equilibria in Networked Systems does not yet have a rating. At this time, there are no reviews or comments for this scientific paper.
If you have personal experience with Near Rationality and Competitive Equilibria in Networked Systems, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Near Rationality and Competitive Equilibria in Networked Systems will most certainly appreciate the feedback.
Profile ID: LFWR-SCP-O-18210