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When Beliefs About Future Create Future - Exploitation of a Common Ecosystem from a New Perspective

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  • Wiszniewska-Matyszkiel, Agnieszka

Abstract

In this paper, a model of an ecosystem influenced by a large human population is presented. It is modelled by a discrete time dynamic game with many players and a simple dynamics. The paper proposes a new way to look at the problems of exploitation of ecosystems by many users — using the author's concept of belief distorted Nash equilibria (BDNE) — new kind of equilibria in games in which the information of players may be distorted. In such situations Nash equilibrium ceases to be an adequate solution. One of important results of this paper is showing the role of properly designed ecological education as a very important factor influencing information that is crucial for players' decision making processes and, therefore, the state of the ecosystem itself.

Suggested Citation

  • Wiszniewska-Matyszkiel, Agnieszka, 2014. "When Beliefs About Future Create Future - Exploitation of a Common Ecosystem from a New Perspective," Strategic Behavior and the Environment, now publishers, vol. 4(3), pages 237-261, August.
  • Handle: RePEc:now:jnlsbe:102.00000045
    DOI: 10.1561/102.00000045
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    Citations

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    Cited by:

    1. Agnieszka Wiszniewska-Matyszkiel & Rajani Singh, 2020. "When Inaccuracies in Value Functions Do Not Propagate on Optima and Equilibria," Mathematics, MDPI, vol. 8(7), pages 1-25, July.
    2. Agnieszka Wiszniewska-Matyszkiel, 2016. "Belief distorted Nash equilibria: introduction of a new kind of equilibrium in dynamic games with distorted information," Annals of Operations Research, Springer, vol. 243(1), pages 147-177, August.
    3. Agnieszka Wiszniewska-Matyszkiel, 2017. "Redefinition of Belief Distorted Nash Equilibria for the Environment of Dynamic Games with Probabilistic Beliefs," Journal of Optimization Theory and Applications, Springer, vol. 172(3), pages 984-1007, March.

    More about this item

    Keywords

    Exploitation of a common ecosystem; Ecological education; Games with many players; Dynamic games; Nash equilibrium; Imperfect information; Beliefs; Belief-distorted Nash equilibrium; Self-verification of beliefs;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations
    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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