Chaos and Control of Game Model Based on Heterogeneous Expectations in Electric Power Triopoly
A dynamic repeated game model has been established based on heterogeneous expectations in electric power triopoly. Theoretical analysis and numerical simulation show the complexity of this model; suppose that the producers make decisions with naive expectation and bounded rationality. The straight-l...
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| Format: | Article |
| Language: | English |
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Wiley
2009-01-01
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| Series: | Discrete Dynamics in Nature and Society |
| Online Access: | http://dx.doi.org/10.1155/2009/469564 |
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| _version_ | 1832564827822751744 |
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| author | Weizhuo Ji |
| author_facet | Weizhuo Ji |
| author_sort | Weizhuo Ji |
| collection | DOAJ |
| description | A dynamic repeated game model has been established based on heterogeneous expectations in electric power triopoly. Theoretical analysis and numerical simulation show the complexity of this model; suppose that the producers make decisions with naive expectation and bounded rationality. The straight-line stabilization chaos control method was successfully applied to the dynamic repeated game model. The results have important practical value for the producers in the electric power oligopoly. |
| format | Article |
| id | doaj-art-7aa8835c5e80485cace7f7582a56d9eb |
| institution | Kabale University |
| issn | 1026-0226 1607-887X |
| language | English |
| publishDate | 2009-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Discrete Dynamics in Nature and Society |
| spelling | doaj-art-7aa8835c5e80485cace7f7582a56d9eb2025-02-03T01:10:05ZengWileyDiscrete Dynamics in Nature and Society1026-02261607-887X2009-01-01200910.1155/2009/469564469564Chaos and Control of Game Model Based on Heterogeneous Expectations in Electric Power TriopolyWeizhuo Ji0Department of Economics, Dalian University of Technology, Liaoning Province 116024, ChinaA dynamic repeated game model has been established based on heterogeneous expectations in electric power triopoly. Theoretical analysis and numerical simulation show the complexity of this model; suppose that the producers make decisions with naive expectation and bounded rationality. The straight-line stabilization chaos control method was successfully applied to the dynamic repeated game model. The results have important practical value for the producers in the electric power oligopoly.http://dx.doi.org/10.1155/2009/469564 |
| spellingShingle | Weizhuo Ji Chaos and Control of Game Model Based on Heterogeneous Expectations in Electric Power Triopoly Discrete Dynamics in Nature and Society |
| title | Chaos and Control of Game Model Based on Heterogeneous Expectations in Electric Power Triopoly |
| title_full | Chaos and Control of Game Model Based on Heterogeneous Expectations in Electric Power Triopoly |
| title_fullStr | Chaos and Control of Game Model Based on Heterogeneous Expectations in Electric Power Triopoly |
| title_full_unstemmed | Chaos and Control of Game Model Based on Heterogeneous Expectations in Electric Power Triopoly |
| title_short | Chaos and Control of Game Model Based on Heterogeneous Expectations in Electric Power Triopoly |
| title_sort | chaos and control of game model based on heterogeneous expectations in electric power triopoly |
| url | http://dx.doi.org/10.1155/2009/469564 |
| work_keys_str_mv | AT weizhuoji chaosandcontrolofgamemodelbasedonheterogeneousexpectationsinelectricpowertriopoly |