Cooperative Decision-Making Under Risk

Name: Cooperative Decision-Making Under Risk
Brand: Springer-Verlag New York Inc.
SKU: 9781461370970
Price: 115.7 EUR
Availability: InStock

Автор: Jeroen Suijs

Език:

Корици: С меки корици

Издател: Springer-Verlag New York Inc.

Наличност: Външен склад в ограничено количество

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In cooperative games, one generally assumes that the agents know exactly the joint (monetary) gains...

Информация за книгата

Автор

Jeroen Suijs

Език

Английски език

Корици

Книга - С меки корици

Издадена

2012

страници

140

EAN

9781461370970

ISBN

1461370973

Enbook ID

02016457

Издател

Springer-Verlag New York Inc.

Теглоt

248

Размери

155 x 235 x 9

Пълно описание

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

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