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In this paper, we want to introduce experimental economics to the field of data mining and vice versa. It continues related work on mining deterministic behavior rules of human subjects in data gathered from experiments. Game-theoretic predictions partially fail to work with this data. Equilibria also known as game-theoretic predictions solely succeed with experienced subjects in specific games -...
In this paper we focus on the task of clustering in data mining applications. We introduce a formulation of a new clustering algorithm by modelling the system as a cooperative game in strategic form using game theory. The goal is to partition a dataset into k clusters. Our approach has been applied to both simulated and real-world datasets. In addition, we have implemented functions based on the calculation...
To model market dynamics is a challenge that has attracted the interest of practitioners and researchers alike. This problem has been addressed from the perspective of Game Theory, in models that explicitly include profit-maximization schemes for the companies, and also from the point of view of Data Mining, with models that consider multivariate functions to model customer demands and related phenomena...
Although resource-centered and capability-centered network manufacturing alliance has been paid attention at home and abroad, its success rate is low. Non-homogeneous, multi-stage and dynamic game theory is one kind of advanced research methods, but it never be used in studying coordination model to improve the success rate of network manufacturing alliance. On the basis of this dynamic and systematic...
With the rapid development of information and communication technology, the decision makers of firms are facing many kinds of IS/IT projects investment opportunities, so they need to provide their preferences over a set of decision alternatives in order to maximize investment value of the projects. Considering the special characteristics of IS/IT projects, this paper develops a two-stage investment...
This paper establishes a three-stage reverse supply chain model which includes one manufacturer, one retailer and one agent who helps the manufacturer to recall waste materials. Besides, this paper assumes that the numbers of this reverse supply chain are all based on the Stackelberg game model. Under the condition of stochastic market demands, this paper analyzes the optimal pricing and order strategies...
The managerial incentive under network externality is studied by using game theory. The result shows that, the optimal managerial incentive is influenced by network externality. The larger network externality is, the smaller optimal managerial incentives will become. Moreover, network externality always increase equilibrium quantity and profit, but may decrease, increase or not change the equilibrium...
By adopting game theory, This paper is on the study and optimization of "Furubotn-Wiggins model", finding out and making up for its inherent flaws, so as to draw the conclusion that Sports business bankruptcy can be avoided by the strengthened information communication in sports business. And this paper also puts forward concrete institutional arrangements measures on the resolution of the...
There are two main quotation mode in current bidding, which are without base price and compound base price. Bidders should bid accurately and reasonably to win a bid. Based on game theory and the characteristics in bidding, this paper constructed bidding price game model of without base price and bidding price game model of compound base price to provide evidence for bidding decision. Relevant factors...
We investigate the impact of migration on the evolutionary game dynamics of finite populations with community structures in the framework of evolutionary game theory. Rather than deterministic dynamics, our model incorporates stochastic factors induced by the finite population size. Depending on analysis of the stationary distribution of the evolutionary process in the limit of rare mutations, we...
Achieving the Nash equilibria for single objective games is known to be a computationally difficult problem. However there is a special class of equilibria called evolutionary robust equilibria which can be obtained through a special type of evolutionary dynamics called the replicator dynamics. This dynamics has special properties over the simplex, which has been studied in optimization theory to...
Though the price of M&A has already been studied based on classical NPV model, which is not adaptable for real uncertain situation. This paper presents a new approach of measuring the target enterprise value of M&A, consisting of two parts, one is measured by NPV model and another is measured by real options model, which can be integrated to calculate the target enterprise by introducing synergy...
In the consideration of economic need, social need and psychological need, this paper constructs a utility function of knowledge sharing in enterprise employees. With the research result of behavioral game theory, it studies the knowledge sharing problem based on fairness preference. It points out the main ingredients which affect the knowledge sharing problem and give considerable strategies.
The Nash-Cournot equilibrium theorem is based on some assumptions that usually do not hold true in reality. In this study, duopoly market equilibrium is tested by a group of players using a special business simulator that was adopted specifically for this task. The competing players knew their market in advance and had received their opponent's price, quantity of product and profits in the previous...
In this paper, using game theory methods, According to this state which some of the problems that exist in corporate governance, raised corporate governance introduced of the concept of social capital, in the perspective of social capital and harmony, According to the definition of social capital with sociologists, this text gives its own definition of the social capital. This article holds out this...
The process of establishing labor-capital relationship between enterprise and employee is a game. The game model of imperfect information between employer and employee on production safety is developed, and its equilibrium solution is solved and discussed. Then government regulation is introduced to that game and the new equilibrium solution is re-analyzed. We find that the probability of enterprise'...
A competitive market model is considered with M suppliers and N customers, where each supplier provides a homogeneous service such as delivering propane gas cylinders and has to offer a uniform price upon delivery to all customers. Given a price upper bound U, the model is formulated as an M person game with pure strategy. It is shown that the M person game has the unique Nash equilibrium if and only...
The advent of the E-retailer pricks up the competition between retailers. We consider the pricing problem when the traditional retailer faces the potential entry menace from the E-retailer. We suppose the online traditional retailer prices the same to the two channels of itself which are the retailing channel and online channel. The traditional retailer combines two channels to compete with the E-retailer...
This paper combines the research achievements of scholars at home and abroad to reach a formula of explicit expression knowledge value of employee. Then, using complete information static game model, from the view of cost factors, the knowledge store of employees and motivation factors to do game analysis of the preconditions of knowledge transfer (KT). The various measures to improve the knowledge...
Game theory, which has provided a powerful tool to describe strategic interaction in economic environment, is a mathematical model of competitions among individual decision makers. In this paper, we present a study on combining game theory and microeconomic data mining by introducing the concept of resource selection game analysis. We present a universal multiple resources selection model, where each...
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