Subgame Consistent Cooperation: A Comprehensive Treatise

by David Yeung

Strategic behavior in the human and social world has been increasingly recognized in theory and practice. It is well known that non-cooperative behavior could lead to suboptimal or even highly undesirable outcomes. Cooperation suggests the possibility of obtaining socially optimal solutions and the calls for cooperation are prevalent in real-life problems. Dynamic cooperation cannot be sustainable if there is no guarantee that the agreed upon optimality principle at the beginning is maintained throughout the cooperation duration. It is due to the lack of this kind of guarantees that cooperative schemes fail to last till its end or even fail to get started. The property of subgame consistency in cooperative dynamic games and the corresponding solution mechanism resolve this “classic” problem in game theory. This book is a comprehensive treatise on subgame consistent dynamic cooperation covering the up-to-date state of the art analyses in this important topic. It sets out to provide the theory, solution techniques and applications of subgame consistent cooperation in a wide spectrum of paradigms for analysis which includes cooperative dynamic game models with stochastic state dynamics, with uncertain future payoffs, with asynchronous players’ horizons, with random cooperation duration, with control spaces switching and with transferable and nontransferable payoffs. The book would be a significant research reference text for researchers in game theory, economists, applied mathematicians, policy-makers, corporate decision-makers, and graduate students in applied mathematics, game theory, decision sciences, economics and management sciences.

536 pages, Paperback

About the author

Dr. David Yeung practiced psychiatry in a variety of settings on three continents. Engaging in private practice for 40 years, he retired in 2006. In the beginning of his career, despite his education, training, and qualifications, he was ignorant about DID/MPD. Through years of trial and error, he learned to recognize and treat patients with multiple personalities. It was a long and lonely journey of discovery. It is his hope that by sharing his clinical experience through this series, new generations of therapists will come to understand the importance of correctly diagnosing DID and treating it appropriately.