Large games: Fair and stable outcomes (Q1088926): Difference between revisions
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Revision as of 03:10, 5 March 2024
scientific article
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English | Large games: Fair and stable outcomes |
scientific article |
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Large games: Fair and stable outcomes (English)
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1987
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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.
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large games with sidepayments
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Shapley value
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\(\epsilon \)-core
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