We show that the excessive use of hidden orders causes artificial price pressures and abnormal asset returns. Using a simple game-theoretical setting, we demonstrate this effect naturally arises from mis-coordination in trading schedules between traders, when suppliers liquidity do not sufficiently disclose their trade intentions. As result, can increase costs induce excess fluctuations unrelat...

We initiate the study of game dynamics in the Sum Basic Network Creation Game, which was recently introduced by Alon et al.[SPAA’10]. In this game players are associated to vertices in a graph and are allowed to “swap” edges, that is to remove an incident edge and insert a new incident edge. By performing such moves, every player tries to minimize her connection cost, which is the sum of distan...

Game theory is the study of mathematical models and cooperation between intelligent rational decision-makers. This paper provides a flexible model to calculate pay-off matrix based on several importance factors. This model is adapted by cooperative game and developed for some competitive advantages sections in pharmaceutical industry. An optimum solution is derived by considering Nash equilibri...

An empirically meaningful theory of dynamic games has to incorporate real-life phenomena. Durable strategies, which effects last for a period time, are prevalent in situations. Revenue generating investments, toxic waste disposal and purchase durable goods common examples strategies. This paper first provides review on durable-strategies game theory. A practically relevant advancement - random ...

This paper aims to establish a delayed dynamical relationship between payoffs of players in a zero-sum game. By introducing Markovian chain and time delay in the network model, a delayed game network model with sector bounds and slope bounds restriction nonlinear function is first proposed. As a result, a direct dynamical relationship between payoffs of players in a zero-sum game can be illustr...

The minority game (MG) is a simple yet effective binarydecision model which is well suited to study the collective emerging behaviour in a population of agents with bounded and inductive rationality when they have to compete, through adaptation, for scarce resources. The original formulation of the MG was inspired by the W.B. Arthur’s El Farol Bar problem in which a fixed number of people have ...

The sensitivity conjecture is a longstanding conjecture concerning the relationship between the degree and sensitivity of a Boolean function. In 2015, a communication game was formulated by Justin Gilmer, Michal Koucký, and Michael Saks to attempt to make progress on this conjecture. Andrew Drucker independently formulated this game. Shortly after the creation of the GKS game, Nisan Szegedy obt...