Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1142292 | Operations Research Letters | 2015 | 6 Pages |
Abstract
The core and the Shapley value are important solution concepts in cooperative game theory. While the core is designed for the stability of the game, the Shapley value aims for fairness among the players. However, the Shapley value might not lie within the core and a core solution might not be ‘fair’. We introduce a new solution concept called the ‘fairest core’, one that aims for both stability and fairness. We show attractive properties of the fairest core.
Related Topics
Physical Sciences and Engineering
Mathematics
Discrete Mathematics and Combinatorics
Authors
Tri-Dung Nguyen,