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Cooperative Decision-Making Under Risk

Author: 


ISBN-13: 

9780792386605


ISBN: 

0792386604


Publisher:  Springer
Summary: 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.

Suijs, Jeroen is the author of Cooperative Decision-Making Under Risk, published under ISBN 9780792386605 and 0792386604. Two hundred ninety nine Cooperative Decision-Making Under Risk textbooks are available for sale on ValoreBooks.com, one hundred used from the cheapest price of $160.21, or buy new starting at $160.21.
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Cooperative Decision-Making Under Risk

ISBN-13: 9780792386605


ISBN: 0792386604


Publisher: Springer
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