In this paper we examine the biform games modeling framework. More specifically, we recast biform games as two-stage stochastic programming with recourse. The two-stage stochastic programming view of biform games is demonstrated in this paper on an example from Brandenburger and Stuart (2007) regarding a coordination game. We claim that our stochastic programming format for biform games allows for a well established mathematical methodology to enrich the modeling options when applied to biform competitive and cooperative game options.
- Biform games
- Stochastic programming
ASJC Scopus subject areas
- Business, Management and Accounting(all)
- Economics and Econometrics
- Management Science and Operations Research
- Industrial and Manufacturing Engineering