Games and Decisions: Introduction and Critical Survey by R. Duncan Luce & Howard Raiffa

Author:R. Duncan Luce & Howard Raiffa
Language: eng
Format: epub
Publisher: Dover Publications

The pair [(0, … , 0, 1), ({1}, {2}, … , {n})] is 1-stable since . It is easily seen that for this game b(i) = 3/n, so for n 4,

Thus, the imputation (0, 0, … , 0, 1), which is in a 1-stable pair, is not in B.

Let us apply this concept to the market example described in section 9.4. It is not difficult to show:

As can be seen from our previous discussion of this example, these are not strong limitations. As a special case of the result mentioned above, B includes all imputations in von Neumann-Morgenstern solutions; it also includes all the imputations in any of the ψ-stable pairs.

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.