Optimal Control of Fractional Punishment in Optional Public Goods Game

This work presents an optimal control problem for an optional public goods game when a fractional punishment is used to improve cooperation. The objective function is mainly determined by the error trajectory, as well as the effort of the controller over a prespecified period. The results show that having chosen the parameters of the objective function appropriately, several optimal solutions can be obtained. Still, most importantly, given the desired kind of solution trajectory and the cost of investment in time, money, and capable personnel, the optimal control provides a more affordable solution (in terms of control effort) than the fractional punishment itself.

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Publication Details

Journal
Trends in Computational and Applied Mathematics
Published
2024-11-28
DOI
https://doi.org/10.5540/tcam.2024.025.e01737
Primary Topic
Insurance and Financial Risk Management
Type
article
Field-Weighted Citation Impact
0.00

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article

Optimal Control of Fractional Punishment in Optional Public Goods Game

Josep Maria Salanova Grau, Christian E. Schaerer, Rocío Botta
Trends in Computational and Applied Mathematics
Insurance and Financial Risk Management
article

Optimal Control of Fractional Punishment in Optional Public Goods Game

Josep Maria Salanova Grau, Christian E. Schaerer, Rocío Botta
article en

Abstract

This work presents an optimal control problem for an optional public goods game when a fractional punishment is used to improve cooperation. The objective function is mainly determined by the error trajectory, as well as the effort of the controller over a prespecified period. The results show that having chosen the parameters of the objective function appropriately, several optimal solutions can be obtained. Still, most importantly, given the desired kind of solution trajectory and the cost of investment in time, money, and capable personnel, the optimal control provides a more affordable solution (in terms of control effort) than the fractional punishment itself.

Trends in Computational and Applied MathematicsVol. 25(1)
Universidad Nacional de Asunción (PY)
Consejo Nacional de Ciencia y Tecnología
Openalex Percentile: Top 68%
Insurance and Financial Risk Management
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