Paper Title:
A Formal Game-Theoretic Model for Rational Exchange Protocol
  Abstract

A rational exchange protocol is a useful protocol in which two (or more) strange parties exchange their items successfully in a way that every rational party has enough reasons to follow the protocol faithfully rather than deviate from it. This means neither parties of the protocol can gain an advantage by deviating from the protocol, but he may bring a disadvantage to the other party even if who is correctly behaving party. We introduce game theory as a formal framework in this paper. We give a formal definition for the rational exchange related to the concept of the subgame perfect equilibrium of an extensive game. We use our model to analyze the Syverson protocol by the game tree and show the relationship with Buttyan's Model.

  Info
Periodical
Advanced Materials Research (Volumes 204-210)
Edited by
Helen Zhang, Gang Shen and David Jin
Pages
2033-2040
DOI
10.4028/www.scientific.net/AMR.204-210.2033
Citation
X. T. Tao, Y. G. Gu, G. Q. Li, "A Formal Game-Theoretic Model for Rational Exchange Protocol", Advanced Materials Research, Vols. 204-210, pp. 2033-2040, 2011
Online since
February 2011
Export
Price
$32.00
Share

In order to see related information, you need to Login.

In order to see related information, you need to Login.

Authors: Xiao Hua Yang, Sheng Li Chen
Abstract:We provide a general analysis of duopoly game in endogenous timing. The Nash equilibrium outcomes are compared with Stackelberg equilibrium...
545
Authors: Sheng Li Chen
Abstract:We formulate respectively the outsourcing service competition models with simultaneous and sequential decision order and analyze the...
31
Authors: Gong Shu Lu, Cun Bin Li, Xian Li
Chapter 2: Energy Materials and Mechanical Engineering Application
Abstract:Nash equilibrium is the foundation of traditional game theory, while the benefits of game players under the Nash equilibrium are constant, so...
410
Authors: Xin Xu
Chapter 7: Construction Project Management
Abstract:This paper analyzed the cooperation between construction enterprises in game theory. Research shows construction enterprises in building...
2793
Authors: Zhen Guo Han, Wen Ju Wang, Lie Rong Qing
Chapter 4: Management and Economy
Abstract:Though the auction existed for a long time, the research on the auction theory has been started formally since 1961. One of the prerequisites...
432