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Cooperative Decision-Making under Risk : Theory and Decision Library C - Jeroen Suijs

Cooperative Decision-Making under Risk

Theory and Decision Library C

Hardcover Published: January 1999
ISBN: 9780792386605
Number Of Pages: 140

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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.

Introductionp. 1
Cooperative Game Theoryp. 7
Stochastic Cooperative Gamesp. 43
The Core, Superadditivity, and Convexityp. 57
Nucleoli for Stochastic Cooperative Gamesp. 63
Risk Sharing and Insurancep. 89
Price Uncertainty in Linear Production Situationsp. 107
Probability Theoryp. 123
Referencesp. 131
Indexp. 137
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9780792386605
ISBN-10: 0792386604
Series: Theory and Decision Library C
Audience: General
Format: Hardcover
Language: English
Number Of Pages: 140
Published: January 1999
Country of Publication: US
Dimensions (cm): 23.39 x 15.6  x 1.12
Weight (kg): 0.4

Earn 519 Qantas Points
on this Book