Abstract:
In situations when several participants collaborate with each other, it is desirable to come up with a fair way to divide the resulting gain between the participants. Suc...Show MoreMetadata
Abstract:
In situations when several participants collaborate with each other, it is desirable to come up with a fair way to divide the resulting gain between the participants. Such a fair way was proposed by John von Neumann and Oscar Morgenstern, fathers of the modern game theory. However, in some situations, the von Neumann-Morgenstern solution does not exist. To cover such situations, we propose to use a fuzzy-inspired hierarchical version of the von Neumann-Morgenstern (NM) solution. We prove that, in contrast to the original NM solution, the hierarchical version always exists.
Date of Conference: 09-12 October 2016
Date Added to IEEE Xplore: 09 February 2017
ISBN Information:
University of Texas at El Paso, 500 W. University, El Paso, Texas, USA
University of Texas at El Paso, 500 W. University, El Paso, Texas, USA
University of Texas at El Paso, 500 W. University, El Paso, Texas, USA
University of Texas at El Paso, 500 W. University, El Paso, Texas, USA
University of Texas at El Paso, 500 W. University, El Paso, Texas, USA
University of Texas at El Paso, 500 W. University, El Paso, Texas, USA