Author: Hervé Moulin
Publisher: Cambridge University Press
ISBN: 9780521424585
Category : Business & Economics
Languages : en
Pages : 350
Book Description
This book provides a unified and comprehensive study of welfarism, cooperative games, public decision making, and voting and social choice theory.
Axioms of Cooperative Decision Making
Author: Hervé Moulin
Publisher: Cambridge University Press
ISBN: 9780521424585
Category : Business & Economics
Languages : en
Pages : 350
Book Description
This book provides a unified and comprehensive study of welfarism, cooperative games, public decision making, and voting and social choice theory.
Publisher: Cambridge University Press
ISBN: 9780521424585
Category : Business & Economics
Languages : en
Pages : 350
Book Description
This book provides a unified and comprehensive study of welfarism, cooperative games, public decision making, and voting and social choice theory.
Cooperative Decision-Making Under Risk
Author: Jeroen Suijs
Publisher: Springer Science & Business Media
ISBN: 1461546370
Category : Business & Economics
Languages : en
Pages : 145
Book 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.
Publisher: Springer Science & Business Media
ISBN: 1461546370
Category : Business & Economics
Languages : en
Pages : 145
Book 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.
The Cooperative Nature of the Firm
Author: Tatsuro Ichiishi
Publisher: Cambridge University Press
ISBN: 9780521414449
Category : Business & Economics
Languages : en
Pages : 236
Book Description
A study of price and the organization of firms using game theory and neoclassical economics.
Publisher: Cambridge University Press
ISBN: 9780521414449
Category : Business & Economics
Languages : en
Pages : 236
Book Description
A study of price and the organization of firms using game theory and neoclassical economics.
Decision Making Process
Author: Denis Bouyssou
Publisher: John Wiley & Sons
ISBN: 1118619528
Category : Business & Economics
Languages : en
Pages : 671
Book Description
This book provides an overview of the main methods and results in the formal study of the human decision-making process, as defined in a relatively wide sense. A key aim of the approach contained here is to try to break down barriers between various disciplines encompassed by this field, including psychology, economics and computer science. All these approaches have contributed to progress in this very important and much-studied topic in the past, but none have proved sufficient so far to define a complete understanding of the highly complex processes and outcomes. This book provides the reader with state-of-the-art coverage of the field, essentially forming a roadmap to the field of decision analysis. The first part of the book is devoted to basic concepts and techniques for representing and solving decision problems, ranging from operational research to artificial intelligence. Later chapters provide an extensive overview of the decision-making process under conditions of risk and uncertainty. Finally, there are chapters covering various approaches to multi-criteria decision-making. Each chapter is written by experts in the topic concerned, and contains an extensive bibliography for further reading and reference.
Publisher: John Wiley & Sons
ISBN: 1118619528
Category : Business & Economics
Languages : en
Pages : 671
Book Description
This book provides an overview of the main methods and results in the formal study of the human decision-making process, as defined in a relatively wide sense. A key aim of the approach contained here is to try to break down barriers between various disciplines encompassed by this field, including psychology, economics and computer science. All these approaches have contributed to progress in this very important and much-studied topic in the past, but none have proved sufficient so far to define a complete understanding of the highly complex processes and outcomes. This book provides the reader with state-of-the-art coverage of the field, essentially forming a roadmap to the field of decision analysis. The first part of the book is devoted to basic concepts and techniques for representing and solving decision problems, ranging from operational research to artificial intelligence. Later chapters provide an extensive overview of the decision-making process under conditions of risk and uncertainty. Finally, there are chapters covering various approaches to multi-criteria decision-making. Each chapter is written by experts in the topic concerned, and contains an extensive bibliography for further reading and reference.
Dynamical Aspects in Fuzzy Decision Making
Author: Yuji Yoshida
Publisher: Physica
ISBN: 3790818178
Category : Business & Economics
Languages : en
Pages : 246
Book Description
The concept of fuzziness, inspired by Zadeh (1965), brings us fruitful results when it is applied to problems in decision making. Recently, problems in fuzzy decision making are getting more complex, and one of the most complex fac tors is dynamics in systems. Dynamical approach to fuzzy decision making has been proposed by Bellman and Zadeh's celebrated paper "Decision-making in a fuzzy environment" (1970). The idea has developed into fuzzy mathemati cal programming and has been applied in many fields including management science, operations research, control theory, engineering, systems analysis, computer science, mathematical finance etc. Dynamic programming, advo cated in Bellmans book "Dynamic programming" (1957), is one of the most powerful tools to deal with dynamics in systems, and Bellman and Zadeh has proposed the optimality principle in fuzzy decision making by (1970) introducing fuzzy dynamic programming. Fuzzy dynamic programming and fuzzy mathematical programming has been making remakable progress after they were given life by Bellman and Zadeh's paper (1970). In this volume, various kinds of dynamics, not only time but also structure of systems, are considered. This volume contains ten reviewed papers, which deal with dynamics in theory and applications and whose topics are poten tially related to dynamics and are expected to develope dynamical study in near future. first, fuzzy dynamic programming is reviewed from a viewpoint of its origin and consider its developement in theory and applications.
Publisher: Physica
ISBN: 3790818178
Category : Business & Economics
Languages : en
Pages : 246
Book Description
The concept of fuzziness, inspired by Zadeh (1965), brings us fruitful results when it is applied to problems in decision making. Recently, problems in fuzzy decision making are getting more complex, and one of the most complex fac tors is dynamics in systems. Dynamical approach to fuzzy decision making has been proposed by Bellman and Zadeh's celebrated paper "Decision-making in a fuzzy environment" (1970). The idea has developed into fuzzy mathemati cal programming and has been applied in many fields including management science, operations research, control theory, engineering, systems analysis, computer science, mathematical finance etc. Dynamic programming, advo cated in Bellmans book "Dynamic programming" (1957), is one of the most powerful tools to deal with dynamics in systems, and Bellman and Zadeh has proposed the optimality principle in fuzzy decision making by (1970) introducing fuzzy dynamic programming. Fuzzy dynamic programming and fuzzy mathematical programming has been making remakable progress after they were given life by Bellman and Zadeh's paper (1970). In this volume, various kinds of dynamics, not only time but also structure of systems, are considered. This volume contains ten reviewed papers, which deal with dynamics in theory and applications and whose topics are poten tially related to dynamics and are expected to develope dynamical study in near future. first, fuzzy dynamic programming is reviewed from a viewpoint of its origin and consider its developement in theory and applications.
Cooperative Decision Making in Common Pool Situations
Author: Holger I. Meinhardt
Publisher: Springer Science & Business Media
ISBN: 3642561365
Category : Business & Economics
Languages : en
Pages : 212
Book Description
The monograph gives a theoretical explanation of observed cooperative behavior in common pool situations. The incentives for cooperative decision making are investigated by means of a cooperative game theoretical framework. In a first step core existence results are worked out. Whereas general core existence results provide us with an answer for mutual cooperation, nothing can be said how strong these incentives and how stable these cooperative agreements are. To clarify these questions the convexity property for common pool TU-games in scrutinized in a second step. It is proved that the convexity property holds for a large subclass of symmetrical as well as asymmetrical cooperative common pool games. Core existence and the convexity results provide us with a theoretical explanation to bridge the gap between the observation in field studies for cooperation and the noncooperative prediction that the common pool resource will be overused and perhaps endangered.
Publisher: Springer Science & Business Media
ISBN: 3642561365
Category : Business & Economics
Languages : en
Pages : 212
Book Description
The monograph gives a theoretical explanation of observed cooperative behavior in common pool situations. The incentives for cooperative decision making are investigated by means of a cooperative game theoretical framework. In a first step core existence results are worked out. Whereas general core existence results provide us with an answer for mutual cooperation, nothing can be said how strong these incentives and how stable these cooperative agreements are. To clarify these questions the convexity property for common pool TU-games in scrutinized in a second step. It is proved that the convexity property holds for a large subclass of symmetrical as well as asymmetrical cooperative common pool games. Core existence and the convexity results provide us with a theoretical explanation to bridge the gap between the observation in field studies for cooperation and the noncooperative prediction that the common pool resource will be overused and perhaps endangered.
Axiomatic Consensus Theory in Group Choice and Biomathematics
Author: William H. E. Day
Publisher: SIAM
ISBN: 0898715512
Category : Mathematics
Languages : en
Pages : 167
Book Description
A unique comprehensive review of axiomatic consensus theory in biomathematics as it has developed over the past 30 years.
Publisher: SIAM
ISBN: 0898715512
Category : Mathematics
Languages : en
Pages : 167
Book Description
A unique comprehensive review of axiomatic consensus theory in biomathematics as it has developed over the past 30 years.
Group Verbal Decision Analysis
Author: Alexey B. Petrovsky
Publisher: Springer Nature
ISBN: 3031169417
Category : Technology & Engineering
Languages : en
Pages : 253
Book Description
This book describes an original approach to solving tasks of individual and collective choice: classification, ranking, and selection of multi-attribute objects. Object representation with multisets allows considering simultaneously numerical and symbolic variables. In group verbal decision analysis, judgments of all participants are taken into account without a compromise between contradictory. Natural language is used to describe problems and objects, formalize knowledge of experts and preferences of decision makers, and explain results. Verbal methods and technologies are more transparent, less laborious for a person, and weakly sensitive to measurement errors. The book also includes examples of applying new tools in real ill-structured high-dimensional choice tasks. It is intended for researchers, managers, consultants, analysts, and developers as well as for teachers and students of applied mathematics, computer science, information processing, engineering, economics, and management.
Publisher: Springer Nature
ISBN: 3031169417
Category : Technology & Engineering
Languages : en
Pages : 253
Book Description
This book describes an original approach to solving tasks of individual and collective choice: classification, ranking, and selection of multi-attribute objects. Object representation with multisets allows considering simultaneously numerical and symbolic variables. In group verbal decision analysis, judgments of all participants are taken into account without a compromise between contradictory. Natural language is used to describe problems and objects, formalize knowledge of experts and preferences of decision makers, and explain results. Verbal methods and technologies are more transparent, less laborious for a person, and weakly sensitive to measurement errors. The book also includes examples of applying new tools in real ill-structured high-dimensional choice tasks. It is intended for researchers, managers, consultants, analysts, and developers as well as for teachers and students of applied mathematics, computer science, information processing, engineering, economics, and management.
Planning Based on Decision Theory
Author: Giacomo Della Riccia
Publisher: Springer
ISBN: 3709125308
Category : Computers
Languages : en
Pages : 170
Book Description
Planning of actions based on decision theory is a hot topic for many disciplines. Seemingly unlimited computing power, networking, integration and collaboration have meanwhile attracted the attention of fields like Machine Learning, Operations Research, Management Science and Computer Science. Software agents of e-commerce, mediators of Information Retrieval Systems and Database based Information Systems are typical new application areas. Until now, planning methods were successfully applied in production, logistics, marketing, finance, management, and used in robots, software agents etc. It is the special feature of the book that planning is embedded into decision theory, and this will give the interested reader new perspectives to follow-up.
Publisher: Springer
ISBN: 3709125308
Category : Computers
Languages : en
Pages : 170
Book Description
Planning of actions based on decision theory is a hot topic for many disciplines. Seemingly unlimited computing power, networking, integration and collaboration have meanwhile attracted the attention of fields like Machine Learning, Operations Research, Management Science and Computer Science. Software agents of e-commerce, mediators of Information Retrieval Systems and Database based Information Systems are typical new application areas. Until now, planning methods were successfully applied in production, logistics, marketing, finance, management, and used in robots, software agents etc. It is the special feature of the book that planning is embedded into decision theory, and this will give the interested reader new perspectives to follow-up.
Handbook of Game Theory with Economic Applications
Author: R.J. Aumann
Publisher: Elsevier
ISBN: 9780444894274
Category : Business & Economics
Languages : en
Pages : 824
Book Description
This is the second of three volumes surveying the state of the art in Game Theory and its applications to many and varied fields, in particular to economics. The chapters in the present volume are contributed by outstanding authorities, and provide comprehensive coverage and precise statements of the main results in each area. The applications include empirical evidence. The following topics are covered: communication and correlated equilibria, coalitional games and coalition structures, utility and subjective probability, common knowledge, bargaining, zero-sum games, differential games, and applications of game theory to signalling, moral hazard, search, evolutionary biology, international relations, voting procedures, social choice, public economics, politics, and cost allocation. This handbook will be of interest to scholars in economics, political science, psychology, mathematics and biology. For more information on the Handbooks in Economics series, please see our home page on http://www.elsevier.nl/locate/hes
Publisher: Elsevier
ISBN: 9780444894274
Category : Business & Economics
Languages : en
Pages : 824
Book Description
This is the second of three volumes surveying the state of the art in Game Theory and its applications to many and varied fields, in particular to economics. The chapters in the present volume are contributed by outstanding authorities, and provide comprehensive coverage and precise statements of the main results in each area. The applications include empirical evidence. The following topics are covered: communication and correlated equilibria, coalitional games and coalition structures, utility and subjective probability, common knowledge, bargaining, zero-sum games, differential games, and applications of game theory to signalling, moral hazard, search, evolutionary biology, international relations, voting procedures, social choice, public economics, politics, and cost allocation. This handbook will be of interest to scholars in economics, political science, psychology, mathematics and biology. For more information on the Handbooks in Economics series, please see our home page on http://www.elsevier.nl/locate/hes