IDEAS home Printed from https://ideas.repec.org/a/wly/jnddns/v2016y2016i1n9031351.html

Risk‐Averse Evolutionary Game Model of Aviation Joint Emergency Response

Author

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
    as

    Download full text from publisher

    File URL: https://doi.org/10.1155/2016/9031351
    Download Restriction: no
    File URL: https://libkey.io/10.1155/2016/9031351?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. 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.
    2. 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.
    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.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Cui, Xueting & Zhu, Shushang & Sun, Xiaoling & Li, Duan, 2013. "Nonlinear portfolio selection using approximate parametric Value-at-Risk," Journal of Banking & Finance, Elsevier, vol. 37(6), pages 2124-2139.
    2. Dominique Guégan & Wayne Tarrant, 2012. "On the necessity of five risk measures," Annals of Finance, Springer, vol. 8(4), pages 533-552, November.
    3. Takuya Sekiguchi, 2023. "Fixation Probabilities of Strategies for Trimatrix Games and Their Applications to Triadic Conflict," Dynamic Games and Applications, Springer, vol. 13(3), pages 1005-1033, September.
    4. Rockafellar, R.T. & Royset, J.O., 2010. "On buffered failure probability in design and optimization of structures," Reliability Engineering and System Safety, Elsevier, vol. 95(5), pages 499-510.
    5. Li, Bo & Hou, Peng-Wen & Chen, Ping & Li, Qing-Hua, 2016. "Pricing strategy and coordination in a dual channel supply chain with a risk-averse retailer," International Journal of Production Economics, Elsevier, vol. 178(C), pages 154-168.
    6. Yao, Yinhong & Chen, Xiuwen & Chen, Zhensong, 2025. "Portfolio tail risk forecasting for international financial assets: A GARCH-MIDAS-R-Vine copula model," The North American Journal of Economics and Finance, Elsevier, vol. 77(C).
    7. Kull, Andreas, 2009. "Sharing Risk – An Economic Perspective," ASTIN Bulletin, Cambridge University Press, vol. 39(2), pages 591-613, November.
    8. Mínguez, R. & Conejo, A.J. & García-Bertrand, R., 2011. "Reliability and decomposition techniques to solve certain class of stochastic programming problems," Reliability Engineering and System Safety, Elsevier, vol. 96(2), pages 314-323.
    9. Jia Liu & Cuixia Li, 2023. "Dynamic Game Analysis on Cooperative Advertising Strategy in a Manufacturer-Led Supply Chain with Risk Aversion," Mathematics, MDPI, vol. 11(3), pages 1-24, January.
    10. Konrad, Kai A. & Morath, Florian, 2020. "The Volunteer’s Dilemma in Finite Populations," CEPR Discussion Papers 15536, Centre for Economic Policy Research.
    11. M. Kleshnina & K. Kaveh & K. Chatterjee, 2020. "The role of behavioural plasticity in finite vs infinite populations," Papers 2009.13160, arXiv.org.
    12. Wang, Yiming & Gao, Shiping, 2026. "Evolution of cooperation on hypergraphs with heterogeneous update dynamics," Chaos, Solitons & Fractals, Elsevier, vol. 204(C).
    13. Jose Blanchet & Henry Lam & Yang Liu & Ruodu Wang, 2025. "Convolution Bounds on Quantile Aggregation," Operations Research, INFORMS, vol. 73(5), pages 2761-2781, September.
    14. Brian Tomlin & Yimin Wang, 2005. "On the Value of Mix Flexibility and Dual Sourcing in Unreliable Newsvendor Networks," Manufacturing & Service Operations Management, INFORMS, vol. 7(1), pages 37-57, June.
    15. Martina Testori & Hedwig Eisenbarth & Rebecca B Hoyle, 2022. "Selfish risk-seeking can provide an evolutionary advantage in a conditional public goods game," PLOS ONE, Public Library of Science, vol. 17(1), pages 1-18, January.
    16. Huang, Keke & Liu, Yishun & Zhang, Yichi & Yang, Chunhua & Wang, Zhen, 2018. "Understanding cooperative behavior of agents with heterogeneous perceptions in dynamic networks," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 509(C), pages 234-240.
    17. Alexander, Gordon J. & Baptista, Alexandre M. & Yan, Shu, 2014. "Bank regulation and international financial stability: A case against the 2006 Basel framework for controlling tail risk in trading books," Journal of International Money and Finance, Elsevier, vol. 43(C), pages 107-130.
    18. D. Kuhn, 2009. "Convergent Bounds for Stochastic Programs with Expected Value Constraints," Journal of Optimization Theory and Applications, Springer, vol. 141(3), pages 597-618, June.
    19. Qinghu Liao & Wenwen Dong & Boxin Zhao, 2023. "A New Strategy to Solve “the Tragedy of the Commons” in Sustainable Grassland Ecological Compensation: Experience from Inner Mongolia, China," Sustainability, MDPI, vol. 15(12), pages 1-24, June.
    20. Chaitanya S. Gokhale & Joseph Bulbulia & Marcus Frean, 2022. "Collective narratives catalyse cooperation," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 9(1), pages 1-9, December.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:jnddns:v:2016:y:2016:i:1:n:9031351. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://onlinelibrary.wiley.com/journal/3059 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.