Article
Version 1
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On Games and Cost of Change
Version 1
: Received: 30 April 2018 / Approved: 2 May 2018 / Online: 2 May 2018 (11:43:36 CEST)
How to cite: Flåm, S.D. On Games and Cost of Change. Preprints 2018, 2018050025. https://doi.org/10.20944/preprints201805.0025.v1 Flåm, S.D. On Games and Cost of Change. Preprints 2018, 2018050025. https://doi.org/10.20944/preprints201805.0025.v1
Abstract
Many mathematical models of strategic play or better choice overlook adjustment costs. Rather often, the modeler's concern is just with improvement of objectives. This optic doesn't quite fit agents somewhat attached to status quo. They reason whether moving to another state be worth their while. For that, the realized gains must outweigh the inconveniences of the move. This note offers some observations on the fact that change usually entails cost.
Keywords
adjustment costs; proximal methods; stationary states; games; equilibria
Subject
Computer Science and Mathematics, Computational Mathematics
Copyright: This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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