4.7 Article

Consensus mechanism with maximum-return modifications and minimum-cost feedback: A perspective of game theory

Journal

EUROPEAN JOURNAL OF OPERATIONAL RESEARCH
Volume 287, Issue 2, Pages 546-559

Publisher

ELSEVIER
DOI: 10.1016/j.ejor.2020.04.014

Keywords

Group decisions and negotiations; Consensus mechanism; Compensation strategy; Stackelberg game; Differential evolution

Funding

  1. National Natural Science Foundation of China [71901168, 71871149, 71801081]
  2. Natural Science Foundation of Shaanxi Province [2019JQ650]
  3. Fundamental Research Funds for the Central Universities [XJS190601]
  4. Canada Research Chair Program
  5. Natural Sciences and Engineering Research Council of Canada

Ask authors/readers for more resources

In group decision making, the interaction behaviors between the moderator and decision makers play a critical role in a consensus process. In this study, based on the essential architecture of Stackelberg game, we present a bi-level optimization model to describe the interaction behaviors between decision makers and moderator, and develop the consensus mechanism with maximum-return modifications and minimum-cost feedback (MRMCCM). In the MRMCCM, the moderator aims to guide decision makers to reach consensus with minimum cost, while decision makers modify their own opinions based on the maximization of individual return. We analyze the equilibrium strategy in the MRMCCM, including the modification and compensation strategies composed of the optimal suggested opinion and unit consensus cost. In addition, an adaptive differential evolution is presented to deal with the bi-level optimization model, and the detailed experimental studies are conducted to justify the performance of the MRMCCM. (C) 2020 Elsevier B.V. All rights reserved.

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