Jeroen Suijs

(Author)

Cooperative Decision-Making Under Risk (Softcover Reprint of the Original 1st 2000)Paperback - Softcover Reprint of the Original 1st 2000, 11 October 2012

Cooperative Decision-Making Under Risk (Softcover Reprint of the Original 1st 2000)
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Part of Series
Theory and Decision Library C
Print Length
140 pages
Language
English
Publisher
Springer
Date Published
11 Oct 2012
ISBN-10
1461370973
ISBN-13
9781461370970

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.

Product Details

Author:
Jeroen Suijs
Book Edition:
Softcover Reprint of the Original 1st 2000
Book Format:
Paperback
Country of Origin:
NL
Date Published:
11 October 2012
Dimensions:
23.39 x 15.6 x 0.84 cm
ISBN-10:
1461370973
ISBN-13:
9781461370970
Language:
English
Location:
New York, NY
Pages:
140
Publisher:
Weight:
226.8 gm

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