NDLI: Resource sharing games with failures and heterogeneous risk attitudes

Content Provider	IEEE Xplore Digital Library
Author	Hota, A.R. Garg, S. Sundaram, S.
Copyright Year	2013
Description	Author affiliation: Dept. of Electr. & Comput. Eng., Univ. of Waterloo, Waterloo, ON, Canada (Hota, A.R.; Garg, S.; Sundaram, S.)
Abstract	We study a setting where a set of players simultaneously invest in a shared resource. The resource has a probability of failure and a return on investment, both of which are functions of the total investment by all players. We use a simple reference dependent preference model to capture players with heterogeneous risk attitudes (risk seeking, risk neutral and risk averse). We show the existence and uniqueness of a pure strategy Nash equilibrium in this setting and examine the effect of different risk attitudes on players' strategies in the presence of uncertainty. In particular, we show that at the equilibrium, risk averse players are pushed out of the resource by risk seeking players. We compare the failure probabilities in the decentralized (game-theoretic) and centralized settings, and show that our proposed game belongs to the class of best response potential games, for which there are simple dynamics that allow all players to converge to the equilibrium.
Sponsorship	IEEE Cont. Syst. Soc.
Starting Page	535
Ending Page	542
File Size	691063
Page Count	8
File Format	PDF
e-ISBN	9781479934102
DOI	10.1109/Allerton.2013.6736571
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2013-10-02
Publisher Place	USA
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Uncertainty Games Silicon Resource management Indexes Equations Investment
Content Type	Text
Resource Type	Article

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

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