Computing nash equilibria through particle swarm optimization

  • Authors:
  • N. G. Pavlidis;K. E. Parsopoulos;M. N. Vrahatis

  • Affiliations:
  • Department of Mathematics, University of Patras Artificial Intelligence Research Center (UPAIRC), University of Patras, GR-26110 Patras, Greece;Department of Mathematics, University of Patras Artificial Intelligence Research Center (UPAIRC), University of Patras, GR-26110 Patras, Greece;Department of Mathematics, University of Patras Artificial Intelligence Research Center (UPAIRC), University of Patras, GR-26110 Patras, Greece

  • Venue:
  • ICCMSE '03 Proceedings of the international conference on Computational methods in sciences and engineering
  • Year:
  • 2003

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Abstract

This paper considers the application of a novel optimization method, namely Particle Swarm Optimization, to compute Nash equilibria. The problem of computing equilibria is formed as one of detecting the global minimizers of a real-valued, non-negative, function. To detect more than one global minimizers of the function at a single run of the algorithm and address effectively the problem of local minima, the recently proposed Deflection technique is employed. The performance of the proposed algorithm is compared to that of algorithms implemented in the popular game theory software suite, GAMBIT. Conclusions are derived.