This paper provides a comprehensive analysis regarding strategic interaction under expectation-based loss-aversion. First, we develop a coherent framework for the analysis by extending the equilibrium concepts of Kőszegi and Rabin (2006, 2007) to strategic interaction and demonstrate how to derive equilibria. Second, we delineate how expectation-based loss-averse players differ in their strateg...

Strategic bidding in joint energy and spinning reserve markets is a challenging task from the viewpoint of generation companies (GenCos). In this paper, the interaction between energy and spinning reserve markets is modeled considering a joint probability density function for the prices of these markets. Considering pay-as-bid pricing mechanism, the bidding problem is formulated and solved as a...

While there has been an increasing focus on the use of game theoretic models for autonomous driving, empirical evidence shows that are still open questions around dealing with challenges common knowledge assumptions as well modeling bounded rationality. To address some these practical challenges, we develop a framework generalized dynamic cognitive hierarchy both modelling naturalistic human dr...

This work experimentally examines forecasting and trading behavior. Subjects play the role of both analyst and shareholder over the course of experiments consisting of a series of repeated games with or absent conflicts of interest. In a stylized trading setting, I test whether standard equilibrium, normative behavior, or limited strategic reasoning best predicts behavior. In the presence of co...

Given the effectiveness of online presale in enhancing retailers’ sustainability and efficiency, combining that consumers’ strategic behavior have a powerful influence on implementation, investigating promotion model based consumer is key importance for both Academics business. This study takes “deposit + final” payment promotional as research goal establishes three different models providing r...

Abstract The contemporary literature on cybersecurity and related interstate interactions often cites the need to overcome uncertainty due an inherent information deficit about cyber operations. While this notion remains relevant in studies that advance our understanding of state behavior cyberspace, noticeable gaps persist. These stem from limited utility operations shift balance strategic pow...

In multiuser rate allocation in a wireless network, strategic users can bias the rate allocation by misrepresenting their bandwidth demands to a base station, leading to an unfair allocation. Game-theoretical approaches have been proposed to address the unfair allocation problems caused by the strategic users. However, existing approaches rely on a timeconsuming iterative negotiation process. B...