2015
DOI: 10.1109/tccn.2015.2488636
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Prospect Pricing in Cognitive Radio Networks

Abstract: Abstract-Advances in cognitive radio networks have primarily focused on the design of spectrally agile radios and novel spectrum sharing techniques that are founded on Expected Utility Theory (EUT). In this paper, we consider the development of novel spectrum sharing algorithms in such networks taking into account human psychological behavior of the end-users, which often deviates from EUT. Specifically, we consider the impact of end-user decision making on pricing and management of radio resources in a cognit… Show more

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Cited by 62 publications
(33 citation statements)
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“…In [15], Manuscript submitted to ACM L. Xiao et al have claimed that prospect theory can model these kinds of attacks more accurately than expected utility theory since these attacks have a similar behaviour as human beings. Furthermore, prospect theory has been applied to analyze wireless communications and traffic routing [16][17][18].…”
Section: Related Work and Motivationmentioning
confidence: 99%
See 1 more Smart Citation
“…In [15], Manuscript submitted to ACM L. Xiao et al have claimed that prospect theory can model these kinds of attacks more accurately than expected utility theory since these attacks have a similar behaviour as human beings. Furthermore, prospect theory has been applied to analyze wireless communications and traffic routing [16][17][18].…”
Section: Related Work and Motivationmentioning
confidence: 99%
“…In [16], a random access game is formulated using prospect theory to study channel access between two subjective end-users in wireless networks. In [17], Y. Yang et al have proposed to use prospect theory for resource allocation in cognitive radio networks and pricing which increases the revenue of service providers in presence of subjective users.…”
Section: Related Work and Motivationmentioning
confidence: 99%
“…The corresponding model allows a user to balance the attributes, such as channel capacity, monetary cost, and interference potential. Further, in [28], the impact of end-user decision-making on pricing and management of radio resources in CRN was studied.…”
Section: Related Work and Our Focusmentioning
confidence: 99%
“…A seminal model capturing such deviations is prospect theory (introduced by Kahneman and Tversky in [14]), which shows that humans perceive gains, losses, and probabilities in a skewed (nonlinear) manner, typically overweighting low probabilities and underweighting high probabilities. Recent papers have studied the implications of prospect theoretic preferences in the context of CPS security and robustness [17][18][19], energy consumption decisions in the smart grid [20,21], pricing in communication networks [22], and network interdiction games [23].…”
Section: Introductionmentioning
confidence: 99%