Cooperative game theory provides a robust framework for analysing how rational players can form coalitions and fairly distribute joint payoffs. Traditionally, this field has focused on transferable ...
Cooperative game theory provides a robust framework for understanding how individuals or entities may form coalitions to achieve joint benefits. Central to this field is the Shapley value, a concept ...
Explore how backward induction helps solve game theory problems by working from the end backward to determine optimal actions ...
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