A New Approach To Guaranteed Solutions Of Multicriteria Choice Problems: Pareto Consideration Of Savage–Niehans Risk And Outcomes

Lidia Zhukovskaya, Vladislav Zhukovskiy and Julia Mukhina

MPRA Paper from University Library of Munich, Germany

Abstract: This article considers three new approaches to important problems of mathematical game theory and multicriteria choice.The first approach ensures payoff increase with simultaneous risk reduction in the Savage–Niehans sense in multicriteria choice problem and noncooperative games. The second approach allow us to stabilize coalitional structures in cooperative games without side payments under uncertainty. The third approach serves to integrate the selfish Nash equilibrium with the altruistic Berge equilibrium. Note that the investigations involve a special Germeier convolution of criteria and calculation of its saddle point in mixed strategies.

Keywords: Savage–Niehans risk; minimax regret; uncertainties; multicriteria choice; Pareto consideration (search for similar items in EconPapers)
JEL-codes: C00 (search for similar items in EconPapers)
Date: 2023-06-26
New Economics Papers: this item is included in nep-gth, nep-mic and nep-upt
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:119394

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