Matches in SemOpenAlex for { <https://semopenalex.org/work/W27228488> ?p ?o ?g. }
- W27228488 abstract "It is demonstrated that for certain markets where traders have constant elasticity of substitution utility (CES) functions, the existence of a price equilibrium can be determined in polynomial time. It is also shown that for a certain range of elasticity of substitution where the CES market does not satisfy gross subsitutability that price equilibira can be computed in polynomial time. It is also shown that for markets satisfying gross substitutability, equilibria can be computed in polynomial time even if the excess demand is a correspondence. On the experimental side, equilibrium computation algorithms from computer science without running time guarantees are shown to be competitive with software packages used in applied microeconomics. Simulations also lend support to the Nash equilibrium solution concept by showing that agents employing heuristics in a restricted form of Texas Holdem converge to an approximate equilibrium. Monte Carlo simulations also indicate the long run preponderance of skill over chance in Holdem tournaments. Abstract Approved: Thesis SupervisorApproved: Thesis Supervisor Title and Department" @default.
- W27228488 created "2016-06-24" @default.
- W27228488 creator A5033421183 @default.
- W27228488 date "2018-11-29" @default.
- W27228488 modified "2023-10-11" @default.
- W27228488 title "Algorithmic game theory and the computation of market equilibria" @default.
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- W27228488 doi "https://doi.org/10.17077/etd.g7gy8nug" @default.
- W27228488 hasPublicationYear "2018" @default.
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