Markov stopping games with random priority

Markov stopping games with random priority

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Article ID: iaor19942348
Country: Germany
Volume: 39
Start Page Number: 69
End Page Number: 84
Publication Date: Jan 1994
Journal: Mathematical Methods of Operations Research (Heidelberg)
Authors:
Keywords: secretary problem
Abstract:

In the paper a construction of Nash equilibria for a random priority finite horizon two-person non-zero sum game with stopping of Markov process is given. The method is used to solve the two-person non-zero-sum game version of the secretary problem. Each player can choose only one applicant. If both players would like to select the same one, then the lottery chooses the player. The aim of the players is to choose the best candidate. An analysis of the solutions for different lotteries is given. Some lotteries admit equilibria with equal Nash values for the players.

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