We live today in a truly interconnected world. Viewed as a network of decision making agents, decisions taken and information generated in one part, or one node, rapidly propagate to other nodes, and have impact on the well being (as captured by utilities) of agents at those other nodes. Hence, it is not only the information flow that connects different agents (or players, in the parlance of game theory), but also the cross-impact of individual actions. Individual players therefore know that their performance will be affected by decisions taken by at least a subset of other players, just as their decisions will affect others. To expect a collaborative effort toward picking the “best” decisions is generally unreasonable, and for various ...
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