A New Game Theory Paradigm from HKSYU
(WorldNews China)

Professor David Yeung By: Lubanski Lam, Aloysius Lui and Cynthia Zhang Photo: Courtesy of SRS Consortium Professor David Yeung and Professor Leon Petrosyan of the SRS Consortium of Advanced Study in Dynamic Cooperative Games have developed a novel game theory paradigm - Cooperative Dynamic Games with Durable Controls*. In existing dynamic game theory, the controls do not have durable effects. However, durable controls that have effects lasting over a certain period of time are prevalent in real-life situations. Revenue generating investments, toxic waste disposal, durable goods, emission of pollutants, regulatory measures, coalition agreements, diffusion of...