Chaos and Control of Game Model Based on Heterogeneous Expectations in Electric Power Triopoly | Zendy

Weizhuo Ji | Zendy

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Chaos and Control of Game Model Based on Heterogeneous Expectations in Electric Power Triopoly

Author(s) -

Weizhuo Ji

Publication year - 2009

Publication title -

discrete dynamics in nature and society

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.264

H-Index - 39

eISSN - 1607-887X

pISSN - 1026-0226

DOI - 10.1155/2009/469564

Subject(s) - oligopoly , bounded rationality , computer science , rationality , power (physics) , control (management) , repeated game , value (mathematics) , line (geometry) , electric power , chaos (operating system) , sequential game , mathematical economics , game theory , mathematical optimization , economics , mathematics , artificial intelligence , physics , computer security , machine learning , cournot competition , political science , law , geometry , quantum mechanics

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

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