Cooperative Decision-Making Under Risk
Published on 30. November 1999
Book
Hardback
IX, 140 pages
978-0-7923-8660-5 (ISBN)
Description
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.
More details
Series
Edition
2000 ed.
Language
English
Place of publication
New York
United States
Target group
Professional and scholarly
Research
Product notice
sewn/stitched
Cloth over boards
Illustrations
IX, 140 p.
Dimensions
Height: 234 mm
Width: 156 mm
Thickness: 11 mm
Weight
399 gr
ISBN-13
978-0-7923-8660-5 (9780792386605)
DOI
10.1007/978-1-4615-4637-5
Schweitzer Classification
Other editions
Additional editions
Jeroen Suijs
Cooperative Decision-Making Under Risk
Book
10/2012
Springer
€106.99
Shipment within 7-9 days
Content
1 Introduction.- 2 Cooperative Game Theory.- 2.1 Cooperative Decision-Making Problems.- 2.2 Transferable and Non-transferable Utility.- 2.3 Cooperative Games with Transferable Utility.- 2.4 Cooperative Games with Non-Transferable Utility.- 2.5 Chance-Constrained Games.- 3 Stochastic Cooperative Games.- 3.1 The Model.- 3.2 Preferences on Stochastic Payoffs.- 4 The Core, Superadditivity, and Convexity.- 4.1 The Core of a Stochastic Cooperative Game.- 4.2 Superadditive Games.- 4.3 Convex Games.- 4.4 Remarks.- 5 Nucleoli for Stochastic Cooperative Games.- 5.1 Nucleolus Nl.- 5.2 Nucleolus N2.- 5.3 Nucleoli, Core, and Certainty Equivalents.- 5.4 Appendix: Proofs.- 6 Risk Sharing and Insurance.- 6.1 Insurance Games.- 6.2 Subadditivity for Collective Insurances.- 6.3 Remarks.- 6.4 Appendix: Proofs.- 7 Price Uncertainty in Linear Production Situations.- 7.1 Stochastic Linear Production Games.- 7.2 Financial Games.- 7.3 Remarks.- A Probability Theory.- References.