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Maruyama, Y.
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Maruyama, Y.
author Kawaguchi, T.
Maruyama, Y.
spellingShingle Kawaguchi, T.
Maruyama, Y.
American Journal of Agricultural Economics
Generalized Constrained Games in Farm Planning
Economics and Econometrics
Agricultural and Biological Sciences (miscellaneous)
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spelling Kawaguchi, T. Maruyama, Y. 0002-9092 1467-8276 Wiley Economics and Econometrics Agricultural and Biological Sciences (miscellaneous) http://dx.doi.org/10.2307/1238535 <jats:title>Abstract</jats:title><jats:p>Constrained games arise when the mixed strategies of a finite rectangular game are subject to further constraints in the form of linear inequalities. Such games permit more realistic and convenient formulation of many decision problems. This paper offers a generalization of the constrained game model which widens the scope of game‐theoretic approaches in farm planning. Solution procedures are proposed for Savage's minimax regret, Hurwicz's pessimism‐optimism index, and the “Wald‐maximax” and “Wald‐Savage” criteria. It is shown that the proposed approaches can handle uncertainty in the inequality constraints. An application to a farm planning problem concludes the paper.</jats:p> Generalized Constrained Games in Farm Planning American Journal of Agricultural Economics
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title Generalized Constrained Games in Farm Planning
title_unstemmed Generalized Constrained Games in Farm Planning
title_full Generalized Constrained Games in Farm Planning
title_fullStr Generalized Constrained Games in Farm Planning
title_full_unstemmed Generalized Constrained Games in Farm Planning
title_short Generalized Constrained Games in Farm Planning
title_sort generalized constrained games in farm planning
topic Economics and Econometrics
Agricultural and Biological Sciences (miscellaneous)
url http://dx.doi.org/10.2307/1238535
publishDate 1972
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description <jats:title>Abstract</jats:title><jats:p>Constrained games arise when the mixed strategies of a finite rectangular game are subject to further constraints in the form of linear inequalities. Such games permit more realistic and convenient formulation of many decision problems. This paper offers a generalization of the constrained game model which widens the scope of game‐theoretic approaches in farm planning. Solution procedures are proposed for Savage's minimax regret, Hurwicz's pessimism‐optimism index, and the “Wald‐maximax” and “Wald‐Savage” criteria. It is shown that the proposed approaches can handle uncertainty in the inequality constraints. An application to a farm planning problem concludes the paper.</jats:p>
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author Kawaguchi, T., Maruyama, Y.
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description <jats:title>Abstract</jats:title><jats:p>Constrained games arise when the mixed strategies of a finite rectangular game are subject to further constraints in the form of linear inequalities. Such games permit more realistic and convenient formulation of many decision problems. This paper offers a generalization of the constrained game model which widens the scope of game‐theoretic approaches in farm planning. Solution procedures are proposed for Savage's minimax regret, Hurwicz's pessimism‐optimism index, and the “Wald‐maximax” and “Wald‐Savage” criteria. It is shown that the proposed approaches can handle uncertainty in the inequality constraints. An application to a farm planning problem concludes the paper.</jats:p>
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spelling Kawaguchi, T. Maruyama, Y. 0002-9092 1467-8276 Wiley Economics and Econometrics Agricultural and Biological Sciences (miscellaneous) http://dx.doi.org/10.2307/1238535 <jats:title>Abstract</jats:title><jats:p>Constrained games arise when the mixed strategies of a finite rectangular game are subject to further constraints in the form of linear inequalities. Such games permit more realistic and convenient formulation of many decision problems. This paper offers a generalization of the constrained game model which widens the scope of game‐theoretic approaches in farm planning. Solution procedures are proposed for Savage's minimax regret, Hurwicz's pessimism‐optimism index, and the “Wald‐maximax” and “Wald‐Savage” criteria. It is shown that the proposed approaches can handle uncertainty in the inequality constraints. An application to a farm planning problem concludes the paper.</jats:p> Generalized Constrained Games in Farm Planning American Journal of Agricultural Economics
spellingShingle Kawaguchi, T., Maruyama, Y., American Journal of Agricultural Economics, Generalized Constrained Games in Farm Planning, Economics and Econometrics, Agricultural and Biological Sciences (miscellaneous)
title Generalized Constrained Games in Farm Planning
title_full Generalized Constrained Games in Farm Planning
title_fullStr Generalized Constrained Games in Farm Planning
title_full_unstemmed Generalized Constrained Games in Farm Planning
title_short Generalized Constrained Games in Farm Planning
title_sort generalized constrained games in farm planning
title_unstemmed Generalized Constrained Games in Farm Planning
topic Economics and Econometrics, Agricultural and Biological Sciences (miscellaneous)
url http://dx.doi.org/10.2307/1238535