Cooperative Decision-Making Under Risk: 24 (Theory and Decision Library C, 24) - Hardcover

Suijs, Jeroen

 
9780792386605: Cooperative Decision-Making Under Risk: 24 (Theory and Decision Library C, 24)
Hardcover
ISBN 10: 0792386604 ISBN 13: 9780792386605
Publisher: Springer, 1999

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.

"synopsis" may belong to another edition of this title.

Publisher
Springer
Publication date
1999
Language
English
ISBN 10 
0792386604
ISBN 13 
9780792386605
Binding
Hardcover
Number of pages
149

Other Popular Editions of the Same Title

9781461370970: Cooperative Decision-Making Under Risk: 24 (Theory and Decision Library C)

Featured Edition

ISBN 10:  1461370973 ISBN 13:  9781461370970
Publisher: Springer, 2012
Softcover