Jeroen Suijs
| Date of Ph.D. defense: | March 27, 1998 |
| Title of thesis: | Cooperative Decision Making in a Stochastic Environment |
| ISBN: | 90 5668 035 8 |
| Promotors: | Prof.dr. Stef Tijs and Dr. Peter Borm |
Abstract:
Cooperative game theory is a mathematical tool to analyze situations involving several
individuals who can obtain certain benefits by cooperating. The main questions this theory
addresses are who will cooperate with whom and how will the corresponding benefits be
divided. Most results of cooperative game theory, however, only apply to cases where these
benefits are deterministic. In this thesis we abandon this assumption and allow for
stochastic benefits. Examples of such situations can be found in linear production
situations, sequencing and financial markets. The aim of this work is then to develop a
theory on games with stochastic payoffs using traditional game theory as a guideline
Global / English