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Selection by Committee

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Advances in Dynamic Games

Part of the book series: Annals of the International Society of Dynamic Games ((AISDG,volume 7))

Abstract

The many-player game of selling an asset, introduced by Sakaguchi and extended to monotone voting procedures by Yasuda, Nakagami and Kurano, is reviewed. Conditions for a unique equilibrium among stationary threshold strategies are given.

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References

  1. M. Kurano, M. Yasuda, and J. Nakagami. Multi-variate stopping problem with a majority rule. J. Oper. Res. Soc. Jap., 23:205–223, 1980.

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  2. M. Sakaguchi. Optimal stopping in sampling from a bivariate distribution. J. Oper. Res. Soc. Jap., 16(3):186–200, 1973.

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  3. M. Sakaguchi. A bilateral sequential game for sums of bivariate random variables. J. Oper. Res. Soc. Jap., 21(4):486–507, 1978.

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  4. M. Sakaguchi. When to stop: randomly appearing bivariate target values. J. Oper. Res. Soc. Jap., 21:45–58, 1978.

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  5. K. Szajowski and M. Yasuda. Voting procedure on stopping games of Markov chain. In Shunji Osaki, Anthony H. Christer and Lyn C. Thomas, editors, UK-Japanese Research Workshop on Stochastic Modelling in Innovative Manufecuring, July 21–22, 1995, volume 445 of Lecture Notes in Economics and Mathematical Systems, pages 68–80. Moller Centre, Churchill College, Univ. Cambridge, UK, Springer, 1996. Springer Lecture Notes in Economics and Mathematical Systems.

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  6. M. Yasuda, J. Nakagami, and M. Kurano. Multi-variate stopping problem with a monotone rule. J. Oper. Res. Soc. Jap., 25:334–350, 1982.

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Author information

Authors and Affiliations

  1. Department of Mathematics, University of California at Los Angeles, Los Angeles, CA, 90095-1361, USA

    Thomas S. Ferguson

Authors
  1. Thomas S. Ferguson
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Editors and Affiliations

  1. Institute of Mathematics, Wrocław University of Technology, Wybrzeże Wypiańskiego 27, 50-370, Wrocław, Poland

    Andrzej S. Nowak  & Krzysztof Szajowski  & 

  2. Faculty of Mathematics, Computer Science, and Econometrics, University of Zielona GĂłra, PodgĂłrna 50, 65-246, Zielona GĂłra, Poland

    Andrzej S. Nowak

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© 2005 Birkhäuser Boston

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Ferguson, T.S. (2005). Selection by Committee. In: Nowak, A.S., Szajowski, K. (eds) Advances in Dynamic Games. Annals of the International Society of Dynamic Games, vol 7. Birkhäuser Boston. https://doi.org/10.1007/0-8176-4429-6_10

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