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Risk‐Averse Evolutionary Game Model of Aviation Joint Emergency Response

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Listed:
  • Wei Pan
  • Ying Guo
  • Shujie Liao

Abstract

We study effects of risk‐averse attitude of both participators in aviation joint emergency response on the coevolution of cooperation mechanisms and individual preferences between airport and nonprofit organization. First, based on the current aviation joint emergency mechanism in China, we put forward two mechanisms to select the joint nonprofit organization, including reputation cooperation and bidding competition. Meanwhile, we consider two preferences including altruism and selfishness. Then we build replicator dynamics equations using the theory of conditional value‐at‐risk (CVaR) taking risk aversion attitude into account. Finally, we introduce the factor of government and give all participators some suggestions. We show that the risk‐averse attitude of the other game participator affects the one participator’s decision and the effects subject to some parameters.

Suggested Citation

  • Wei Pan & Ying Guo & Shujie Liao, 2016. "Risk‐Averse Evolutionary Game Model of Aviation Joint Emergency Response," Discrete Dynamics in Nature and Society, John Wiley & Sons, vol. 2016(1).
    • Handle: RePEc:wly:jnddns:v:2016:y:2016:i:1:n:9031351
    DOI: 10.1155/2016/9031351
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    References listed on IDEAS

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    1. Alireza Abbasi, 2014. "Link formation pattern during emergency response network dynamics," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 71(3), pages 1957-1969, April.
    2. Martin A. Nowak & Akira Sasaki & Christine Taylor & Drew Fudenberg, 2004. "Emergence of cooperation and evolutionary stability in finite populations," Nature, Nature, vol. 428(6983), pages 646-650, April.
    3. Rockafellar, R. Tyrrell & Uryasev, Stanislav, 2002. "Conditional value-at-risk for general loss distributions," Journal of Banking & Finance, Elsevier, vol. 26(7), pages 1443-1471, July.
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