Title :
The Shapley value of cooperative game with stochastic payoffs
Author :
Cheng-Guo, E. ; Quan-Lin Li ; Shi-Yong Li
Author_Institution :
Sch. of Econ. & Manage., Yanshan Univ., Qinhuangdao, China
fDate :
May 31 2014-June 2 2014
Abstract :
In this paper, we consider cooperative game with stochastic payoffs and give the definition of the Shapley value for it, which is obtained by extending the classical case. Then we provide explicit expression for the Shapley value of the cooperative game with stochastic payoffs, and discuss its existence and uniqueness. Finally, the properties of the Shapley value of convex cooperative game with stochastic payoffs are investigated.
Keywords :
stochastic games; Shapley value; convex cooperative game; stochastic payoffs; Educational institutions; Equations; Game theory; Games; Resource management; Stochastic processes; Vectors; Shapley value; convexity; cooperative game; stochastic payoffs;
Conference_Titel :
Control and Decision Conference (2014 CCDC), The 26th Chinese
Conference_Location :
Changsha
Print_ISBN :
978-1-4799-3707-3
DOI :
10.1109/CCDC.2014.6852446
