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Cooperative Decision-making Under Risk
Jeroen Suijs
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Description for Cooperative Decision-making Under Risk
Paperback. Series: Theory and Decision Library C. Num Pages: 149 pages, biography. BIC Classification: KCA; KFF; KJT. Category: (G) General (US: Trade). Dimension: 235 x 155 x 8. Weight in Grams: 248.
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 ... Read more
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 ... Read more
Product Details
Format
Paperback
Publication date
2012
Publisher
Springer-Verlag New York Inc. United States
Number of pages
149
Condition
New
Series
Theory and Decision Library C
Number of Pages
140
Place of Publication
New York, NY, United States
ISBN
9781461370970
SKU
V9781461370970
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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