A Theory of Farsightedness in Committee Games
Joint Authors
Fodouop Fotso, Alphonse
Tchantcho, Bertrand
Momo Kenfack, Joseph Armel
Source
Issue
Vol. 2014, Issue 2014 (31 Dec. 2014), pp.1-9, 9 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2014-04-03
Country of Publication
Egypt
No. of Pages
9
Main Subjects
Abstract EN
We study the committee decision making process using game theory.
A committee here refers to any group of people who have to select one option from a given set of alternatives under a specified rule.
Shenoy (1980) introduced two solution concepts, namely, the one-core and a version of bargaining set for committee games.
Shortcomings of these solutions concepts are raised and discussed in this paper.
These shortcomings are resolved by introducing two new solutions concepts: the farsighted one-core and the bargaining set revised, inspired by an idea of farsightedness initially defined by Rubinstein (1980).
It is shown that the farsighted one-core is always non-empty and is better than the one-core.
In a well-specified sense, the bargaining set revised is also better than the bargaining set as defined by Shenoy (1980) and it is always non-empty for simple committee games with linear preferences.
Other attractive properties are also proved.
American Psychological Association (APA)
Fodouop Fotso, Alphonse& Momo Kenfack, Joseph Armel& Tchantcho, Bertrand. 2014. A Theory of Farsightedness in Committee Games. Game Theory،Vol. 2014, no. 2014, pp.1-9.
https://search.emarefa.net/detail/BIM-459649
Modern Language Association (MLA)
Fodouop Fotso, Alphonse…[et al.]. A Theory of Farsightedness in Committee Games. Game Theory No. 2014 (2014), pp.1-9.
https://search.emarefa.net/detail/BIM-459649
American Medical Association (AMA)
Fodouop Fotso, Alphonse& Momo Kenfack, Joseph Armel& Tchantcho, Bertrand. A Theory of Farsightedness in Committee Games. Game Theory. 2014. Vol. 2014, no. 2014, pp.1-9.
https://search.emarefa.net/detail/BIM-459649
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-459649