Modelling Human Behaviour in Newsvendor Game

Game Designer Behaviour Modelling Interface

A new Behaviour Model for modelling NPCs has been developed, which is ethologically based and generates context sensitive behaviour. The model has been successfully used to simulate realistic NPCs with essential complex game behaviours such as cooperative and herding behaviours. However setting up creature models requires the user to design toplevel factories and some parts of them are customis...

Newsvendor Game with Supply Uncertainty

In this paper, we study the newsvendor game with supply uncertainty, where multiple retailers form a coalition to cooperate to place orders to minimize the cost and share risk facing uncertain supplies and demands. After the orders are delivered and the demands are realized, the actual arrival quantities are allocated among the retailers to minimize the total cost. We compute the cost functions...

Repeated Newsvendor Game with Transshipments

We study a repeated newsvendor game with transshipments. In every period n retailers face a stochastic demand for an identical product and independently place their inventory orders before demand realization. After observing the actual demand, each retailer decides how much of her leftover inventory or unsatisfied demand she wants to share with the other retailers. Residual inventories are then...

Impulse balance in the newsvendor game

One striking behavioral phenomenon is the "pull-to-center" bias in the newsvendor game: facing stochastic demand, subjects tend to order quantities between the expected profit maximizing quantity and mean demand. We show that the impulse balance equilibrium, which is based on a simple ex-post rationality principle along with an equilibrium condition, predicts the pull-to-center bias and other, ...

Human behaviour in epidemic modelling