This document presents an approach to tune the parameters of power system stabilizers (PSS) using an iterative 3-player prisoner's dilemma game to improve small signal stability. The key steps are:
1) A 16-machine test system is modeled and optimal PSS locations are determined using participation factors.
2) A two-stage PSS model is designed and its parameters (gain and time constants) are formulated as an optimization problem to minimize eigenvalues and maximize damping.
3) An iterative 3-player prisoner's dilemma game is used to tune the PSS parameters by defining the interrelations between inputs and outputs as a payoff matrix.
4) Results show the PSS parameters tuned using the iterative