Using Game Theory to Develop Sustainability Strategies in an Era of Resource Depletion

Seifi, Shahla; Crowther, David

doi:10.4172/2169-0316.1000240

Cited by 9 publications

(5 citation statements)

References 31 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…This example illustrates some basic concepts in game theory: constructing a payoff matrix of a game, understanding each player's strategy and payoff relative to the other player, and finding the best response strategy and Nash equilibrium. Indeed, game theory has been applied to various aspects of sustainability, including, but not limited to, stakeholders and company leaders [115], preserving energy resources [116], resource depletion strategy [117], decision making in the chemical industry [118], and agricultural supply chain [119].…”

Section: Mortality Causes and Figuresmentioning

confidence: 99%

Attitude toward mathematics among the students at Nazarbayev University Foundation Year Programme

Karjanto

2017

International Journal of Mathematical Education in Science and

View full text Add to dashboard Cite

This article investigates the attitude toward mathematics among the students enrolled in the Foundation Year Programme at Nazarbayev University. The study is conducted quantitatively and an inventory developed by Tapia and Marsh II is adopted in this research. The inventory consists of 40 statements on the five-point Likert scale. Gender, specialization and final high school score in mathematics are collected. The number of valid returned questionnaires is 108. There are 55 males, 53 females, 73 Mathematical-Physics (MP), 22 Biology-Chemistry (BC) and 13 International Relations-Economics (IRE) students. Generally, they have a positive attitude toward mathematics, with the score mean and standard deviation are 3.999 and 0.531 out of five, respectively. We confirm a hypothesis on a positive correlation between previous high achievement in mathematics and favorable attitude toward it. The correlation value is r = 0.300, its effect size is medium and it is extremely significant (p-value = 0.0008 < 0.001). There is no significant difference between male and female students in terms of their attitude toward mathematics (t = 0.6804, p-value = 0.2489 > 0.05). There is a very significant difference between students who specialize in IRE and MP in terms of their attitude toward mathematics (F (2, 105) = 5.6848, p-value = 0.0045 < 0.01).

show abstract

Section: Mortality Causes and Figuresmentioning

confidence: 99%

Attitude toward mathematics among the students at Nazarbayev University Foundation Year Programme

Karjanto

2017

International Journal of Mathematical Education in Science and

View full text Add to dashboard Cite

show abstract

“…However, when considering the integration of sustainability into the game, one might feel reluctant to adopt a non-cooperative game theoretic approach. In [20], Crowther and Seifi address environmental sustainability regarding the depletion of natural resources by using the prisoner's dilemma version of game theory, arguing that the only way to obtain the best sustainable outcome in a non-zero-sum game is through collaboration. The prisoner's dilemma shows, in a simplified manner, that competition between two players may not achieve sustainability because the success of one player occurs at the expense of the other player while a fair and relatively good outcome can only be achieved if both players cooperate [20,21].…”

Section: Introductionmentioning

confidence: 99%

“…In [20], Crowther and Seifi address environmental sustainability regarding the depletion of natural resources by using the prisoner's dilemma version of game theory, arguing that the only way to obtain the best sustainable outcome in a non-zero-sum game is through collaboration. The prisoner's dilemma shows, in a simplified manner, that competition between two players may not achieve sustainability because the success of one player occurs at the expense of the other player while a fair and relatively good outcome can only be achieved if both players cooperate [20,21]. Even though the non-cooperative game has been widely adopted to deal with energy transactions to obtain the best possible result and develop pricing mechanisms, it contradicts the goal of sustainability in the sense that only one player succeeds while the others lose, resulting in a loss of potential profits or cost savings for some players [20].…”

Section: Introductionmentioning

confidence: 99%

Application and Challenges of Coalitional Game Theory in Power Systems for Sustainable Energy Trading Communities

Bandeiras,

Gomes,

Gomes

et al. 2023

Energies

View full text Add to dashboard Cite

The role of prosumers is changing as they become active and empowered members of the grid by exchanging energy. This introduces bidirectional power flow and other challenges into the existing power systems, which require new approaches capable of dealing with the increased decentralization and complexity. Such approaches rely on game-theoretic models and mechanisms to analyze strategic decisions in competitive settings. More specifically, a coalitional game can encourage participants to trade energy with one another and obtain fair and sustainable outcomes. Therefore, the contents of this work address the coalitional game for sustainable energy trading, as well as the challenges associated with its application in power systems. This is achieved by identifying literature works that successfully implemented coalitional games in energy trading and management applications while providing an overview of solution concepts and discussing their properties and contributions to sustainability. Moreover, this work also proposes conditions that peer-to-peer energy trading should satisfy to be considered sustainable. Finally, a case study is presented to demonstrate how a coalitional game and various solution concepts can be successfully implemented to ensure the benefits and stability of cooperation in power systems. The weighted Shapley value is proposed to allocate profits among communities according to their level of sustainability.

show abstract

“…This is a situation which has occurred in every year since 1987, the first year when this happened. Similarly, the mineral resources are depleting as we use them up (see Seifi, 2018Seifi, , 2021. It is obvious that we need to do something and that technology has a vital role to play in our actions.…”

Section: Introductionmentioning

confidence: 99%

Engaging with technological sustainability

Seifi¹

2021

TECHS

Self Cite

View full text Add to dashboard Cite

PurposeThis study aims to introduce the journal and its purpose.Design/methodology/approachThis study reviews a variety of issues to show the kind of research which is relevant to the journal and the approaches which can be used.FindingsThis study shows the great need for research in the ways in which technological development is needed in order to address the issues of sustainability.Practical implicationsThese can be many and diverse.Originality/valueAs the introductory chapter for this new journal its purpose is unique.

show abstract

Using Game Theory to Develop Sustainability Strategies in an Era of Resource Depletion

Cited by 9 publications

References 31 publications

Attitude toward mathematics among the students at Nazarbayev University Foundation Year Programme

Attitude toward mathematics among the students at Nazarbayev University Foundation Year Programme

Application and Challenges of Coalitional Game Theory in Power Systems for Sustainable Energy Trading Communities

Engaging with technological sustainability

Contact Info

Product

Resources

About