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Synopsis
In cooperative games, one generally assumes that the agents know exactly the joint (monetary) gains that can be achieved by any possible coalition of cooperating agents. In reality, however, only little is known with certainty. This does not necessarily imply that traditional cooperative game theory cannot be applied in practical situations, for in various cases knowledge of the expected gains suffices. In many other cases, however, it is just the sharing of risk that is beneficial. Joint ventures, for instance, exist since cooperation reduces the risk of the investment for the individual parties. Since the existing models fail to incorporate such risks, they are not suitable for analyzing cooperative decision-making under risk. This book aims to rectify this deficiency by discussing a model of cooperative games with random payoffs.
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Cooperative Decision-Making Under Risk (Theory and Decision Library C, 24)
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Springer, 1999
ISBN 10 : 0792386604
ISBN 13 : 9780792386605
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Cooperative Decision-Making Under Risk (Theory and Decision Library C, 24)
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Cooperative Decision-Making Under Risk
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Gebunden. Etat : New. In cooperative games, one generally assumes that the agents know exactly the joint (monetary) gains that can be achieved by any possible coalition of cooperating agents. In reality, however, only little is known with certainty. This does not necessarily . N° de réf. du vendeur 458443051
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Cooperative Decision-Making Under Risk
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Cooperative Decision-Making Under Risk (Theory and Decision Library C, 24)
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Cooperative Decision-Making Under Risk
Edité par
Springer Us Nov 1999, 1999
ISBN 10 : 0792386604
ISBN 13 : 9780792386605
Neuf
Couverture rigide
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Buch. Etat : Neu. Neuware - In cooperative games, one generally assumes that the agents know exactly the joint (monetary) gains that can be achieved by any possible coalition of cooperating agents. In reality, however, only little is known with certainty. This does not necessarily imply that traditional cooperative game theory cannot be applied in practical situations, for in various cases knowledge of the expected gains suffices. In many other cases, however, it is just the sharing of risk that is beneficial. Joint ventures, for instance, exist since cooperation reduces the risk of the investment for the individual parties. Since the existing models fail to incorporate such risks, they are not suitable for analyzing cooperative decision-making under risk. This book aims to rectify this deficiency by discussing a model of cooperative games with random payoffs. N° de réf. du vendeur 9780792386605
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