2 Search Results for "Chen, ZhiHuai"

Document
DOI: 10.4230/LIPIcs.AFT.2025.21
Pool Formation in Oceanic Games: Shapley Value and Proportional Sharing

Authors: Aggelos Kiayias, Elias Koutsoupias, Evangelos Markakis, and Panagiotis Tsamopoulos

Published in: LIPIcs, Volume 354, 7th Conference on Advances in Financial Technologies (AFT 2025)

Abstract
We study a game-theoretic model for pool formation in Proof of Stake blockchain protocols. In such systems, stakeholders can form pools as a means of obtaining regular rewards from participation in ledger maintenance, with the power of each pool being dependent on its collective stake. The question we are interested in is the design of mechanisms, i.e., "reward sharing schemes," that suitably split rewards among pool members and achieve favorable properties in the resulting pool configuration. With this in mind, we initiate a non-cooperative game-theoretic analysis of the well known Shapley value scheme from cooperative game theory into the context of blockchains. In particular, we focus on the oceanic model of games, proposed by Milnor and Shapley (1978), which is suitable for populations where a small set of large players coexists with a big mass of rather small, negligible players. This provides an appropriate level of abstraction for pool formation processes that occur among the stakeholders of a blockchain. We provide comparisons between the Shapley mechanism and the more standard proportional scheme, in terms of attained decentralization, via a Price of Stability analysis and in terms of susceptibility to Sybil attacks, i.e., the strategic splitting of a players' stake with the intention of participating in multiple pools for increased profit. Interestingly, while the widely deployed proportional scheme appears to have certain advantages, the Shapley value scheme, which rewards higher the most pivotal players, emerges as a competitive alternative, by being able to bypass some of the downsides of proportional sharing in terms of Sybil attack susceptibility, while also not being far from optimal guarantees w.r.t. decentralization. Finally, we also complement our study with some variations of proportional sharing, where the profit is split in proportion to a superadditive or a subadditive function of the stake, showing that our results for the Shapley value scheme are maintained in comparison to these functions as well.
Cite as

Aggelos Kiayias, Elias Koutsoupias, Evangelos Markakis, and Panagiotis Tsamopoulos. Pool Formation in Oceanic Games: Shapley Value and Proportional Sharing. In 7th Conference on Advances in Financial Technologies (AFT 2025). Leibniz International Proceedings in Informatics (LIPIcs), Volume 354, pp. 21:1-21:24, Schloss Dagstuhl – Leibniz-Zentrum für Informatik (2025)

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@InProceedings{kiayias_et_al:LIPIcs.AFT.2025.21,
  author =	{Kiayias, Aggelos and Koutsoupias, Elias and Markakis, Evangelos and Tsamopoulos, Panagiotis},
  title =	{{Pool Formation in Oceanic Games: Shapley Value and Proportional Sharing}},
  booktitle =	{7th Conference on Advances in Financial Technologies (AFT 2025)},
  pages =	{21:1--21:24},
  series =	{Leibniz International Proceedings in Informatics (LIPIcs)},
  ISBN =	{978-3-95977-400-0},
  ISSN =	{1868-8969},
  year =	{2025},
  volume =	{354},
  editor =	{Avarikioti, Zeta and Christin, Nicolas},
  publisher =	{Schloss Dagstuhl -- Leibniz-Zentrum f{\"u}r Informatik},
  address =	{Dagstuhl, Germany},
  URL =		{https://drops.dagstuhl.de/entities/document/10.4230/LIPIcs.AFT.2025.21},
  URN =		{urn:nbn:de:0030-drops-247409},
  doi =		{10.4230/LIPIcs.AFT.2025.21},
  annote =	{Keywords: Shapley value, Nash equilibria, Price of Stability, Reward sharing schemes, Proof of Stake blockchains}
}
Document
PACE Solver Description
DOI: 10.4230/LIPIcs.IPEC.2022.29
PACE Solver Description: Hust-Solver - A Heuristic Algorithm of Directed Feedback Vertex Set Problem

Authors: YuMing Du, QingYun Zhang, JunZhou Xu, ShunGen Zhang, Chao Liao, ZhiHuai Chen, ZhiBo Sun, ZhouXing Su, JunWen Ding, Chen Wu, PinYan Lu, and ZhiPeng Lv

Published in: LIPIcs, Volume 249, 17th International Symposium on Parameterized and Exact Computation (IPEC 2022)

Abstract
A directed graph is formed by vertices and arcs from one vertex to another. The feedback vertex set problem (FVSP) consists in making a given directed graph acyclic by removing as few vertices as possible. In this write-up, we outline the core techniques used in the heuristic feedback vertex set algorithm, submitted to the heuristic track of the 2022 PACE challenge.
Cite as

YuMing Du, QingYun Zhang, JunZhou Xu, ShunGen Zhang, Chao Liao, ZhiHuai Chen, ZhiBo Sun, ZhouXing Su, JunWen Ding, Chen Wu, PinYan Lu, and ZhiPeng Lv. PACE Solver Description: Hust-Solver - A Heuristic Algorithm of Directed Feedback Vertex Set Problem. In 17th International Symposium on Parameterized and Exact Computation (IPEC 2022). Leibniz International Proceedings in Informatics (LIPIcs), Volume 249, pp. 29:1-29:3, Schloss Dagstuhl – Leibniz-Zentrum für Informatik (2022)

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@InProceedings{du_et_al:LIPIcs.IPEC.2022.29,
  author =	{Du, YuMing and Zhang, QingYun and Xu, JunZhou and Zhang, ShunGen and Liao, Chao and Chen, ZhiHuai and Sun, ZhiBo and Su, ZhouXing and Ding, JunWen and Wu, Chen and Lu, PinYan and Lv, ZhiPeng},
  title =	{{PACE Solver Description: Hust-Solver - A Heuristic Algorithm of Directed Feedback Vertex Set Problem}},
  booktitle =	{17th International Symposium on Parameterized and Exact Computation (IPEC 2022)},
  pages =	{29:1--29:3},
  series =	{Leibniz International Proceedings in Informatics (LIPIcs)},
  ISBN =	{978-3-95977-260-0},
  ISSN =	{1868-8969},
  year =	{2022},
  volume =	{249},
  editor =	{Dell, Holger and Nederlof, Jesper},
  publisher =	{Schloss Dagstuhl -- Leibniz-Zentrum f{\"u}r Informatik},
  address =	{Dagstuhl, Germany},
  URL =		{https://drops.dagstuhl.de/entities/document/10.4230/LIPIcs.IPEC.2022.29},
  URN =		{urn:nbn:de:0030-drops-173855},
  doi =		{10.4230/LIPIcs.IPEC.2022.29},
  annote =	{Keywords: directed feedback vertex set, local search, simulated annealing, set covering}
}
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