A game-theory approach to manage decision errors
With the fast development of modern computer and networks, information communication between firms and users becomes more complex. Recently, a game-theory approach has been widely used to investigate this issue. However, for firms and users, inaccuracies (defined as decision errors) persist in the g...
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Online Access: | http://dx.doi.org/10.1051/matecconf/20164401016 |
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doaj-cdd0141bbf0148b6838c4f3bfa58a5d52021-03-02T10:54:06ZengEDP SciencesMATEC Web of Conferences2261-236X2016-01-01440101610.1051/matecconf/20164401016matecconf_iceice2016_01016A game-theory approach to manage decision errorsCai Chuan Xi0Mei Shu E1Zhong Wei Jun2Department of School of Economics and Management, Southeast UniversityDepartment of School of Economics and Management, Southeast UniversityDepartment of School of Economics and Management, Southeast UniversityWith the fast development of modern computer and networks, information communication between firms and users becomes more complex. Recently, a game-theory approach has been widely used to investigate this issue. However, for firms and users, inaccuracies (defined as decision errors) persist in the gap between strategic decisions and actual actions. This paper, based on game theory, analyses the effects of decision errors on optimal equilibrium strategy of the firm and the user. Precisely speaking, we analysed how the firm and the user adjust their strategy accordingly to compensate for the mistakes caused by decision errors. Besides, we demonstrated that decision errors are not necessarily bad for the firm, and put forward the optimal methods of managing decision errors.http://dx.doi.org/10.1051/matecconf/20164401016Intrusion detection system (IDS)Game-theoryDecision Errors |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Cai Chuan Xi Mei Shu E Zhong Wei Jun |
spellingShingle |
Cai Chuan Xi Mei Shu E Zhong Wei Jun A game-theory approach to manage decision errors MATEC Web of Conferences Intrusion detection system (IDS) Game-theory Decision Errors |
author_facet |
Cai Chuan Xi Mei Shu E Zhong Wei Jun |
author_sort |
Cai Chuan Xi |
title |
A game-theory approach to manage decision errors |
title_short |
A game-theory approach to manage decision errors |
title_full |
A game-theory approach to manage decision errors |
title_fullStr |
A game-theory approach to manage decision errors |
title_full_unstemmed |
A game-theory approach to manage decision errors |
title_sort |
game-theory approach to manage decision errors |
publisher |
EDP Sciences |
series |
MATEC Web of Conferences |
issn |
2261-236X |
publishDate |
2016-01-01 |
description |
With the fast development of modern computer and networks, information communication between firms and users becomes more complex. Recently, a game-theory approach has been widely used to investigate this issue. However, for firms and users, inaccuracies (defined as decision errors) persist in the gap between strategic decisions and actual actions. This paper, based on game theory, analyses the effects of decision errors on optimal equilibrium strategy of the firm and the user. Precisely speaking, we analysed how the firm and the user adjust their strategy accordingly to compensate for the mistakes caused by decision errors. Besides, we demonstrated that decision errors are not necessarily bad for the firm, and put forward the optimal methods of managing decision errors. |
topic |
Intrusion detection system (IDS) Game-theory Decision Errors |
url |
http://dx.doi.org/10.1051/matecconf/20164401016 |
work_keys_str_mv |
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