Cooperative Decision-Making Under Risk

Softcover Nachdruck of the original 1. Auflage 2000
ISBN: 978-1-4613-7097-0
Verlag: Springer US

Buch, Englisch, Band 24, 140 Seiten, Paperback, Format (B × H): 155 mm x 235 mm, Gewicht: 248 g

Reihe: Theory and Decision Library C

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.

Zielgruppe

Research

Autoren/Hrsg.

Suijs, Jeroen

Fachgebiete

• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensforschung
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Wirtschaftstheorie, Wirtschaftsphilosophie
• Wirtschaftswissenschaften Betriebswirtschaft Management Entscheidungsfindung

Inhaltsverzeichnis

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.