Large games: Fair and stable outcomes (Q1088926): Difference between revisions
From MaRDI portal
Created a new Item |
Added link to MaRDI item. |
||
links / mardi / name | links / mardi / name | ||
Revision as of 02:03, 31 January 2024
scientific article
Language | Label | Description | Also known as |
---|---|---|---|
English | Large games: Fair and stable outcomes |
scientific article |
Statements
Large games: Fair and stable outcomes (English)
0 references
1987
0 references
We establish that for a broad class of large games with sidepayments, fair outcomes are nearly stable. More precisely, the Shapley value of a large game is in the \(\epsilon\)-core and \(\epsilon\) is very small if the game is very large. The proof uses two other results of independent interest: for large games the power of improvement is concentrated in small coalitions, and the Shapley value of a small syndicate acting together is nearly the sum of the Shapley values which accrue to the members acting alone.
0 references
large games with sidepayments
0 references
Shapley value
0 references
\(\epsilon \)-core
0 references