Dynamic Fair Gain - sharing Cooperation | 5.41 MB
Title: Dynamic Fair Gain - sharing Cooperation
Author: David W. K. Yeung & Leon A Petrosyan
Category: Business & Finance, Finance & Investing, Investments & Securities, Personal Finance, Investing
Language: English | 217 Pages | ISBN: 9781119404514
Description:
"The dynamic fair gain-sharing value is a mathematically rigorous solution entailing fairness in cooperation with an optimization foundation. Its single-stage version is a complementary alternative to the classic Shapley value." Vladimir Mazalov Chair of Artificial Intelligence in Systems of Control at St Petersburg State University "The dynamic fair gain-sharing solution embodies forward-looking vision, fair distribution of benefits, and full consistency over time - qualities essential for advancing sustainable development, global environmental stewardship, and world peace. With both theoretical concepts and solution techniques, it offers valuable guidance for real-world collaborations and serves as a quintessential reference solution for United Nations cooperation initiatives." Karen Cheung President of World Institute of Sustainable Development Planners and President of UNESCO Hong Kong Association This book presents a new technique for measuring the contributions of the participants in cooperation schemes and formulates a dynamic fair gain-sharing solution that reflects the contributions of the participants. The solution entails individual rationality, group optimality, time consistency, and fair gain-sharing principles. This innovative solution is applicable across a diverse array of dynamic games and is expected to offer an effective means to resolve real-life challenges in collaboration and stands as a reference solution to United Nations cooperation initiatives. The topics in the book include: Dynamic Fair Gain-sharing Cooperation: Theory and Solution Techniques Application of Fair Gain-sharing in Global Environmental Management Dynamic Joint Ventures and Fair Gain-sharing Fair Gain-sharing under Random Exit Dynamic Fair Gain-sharing in Games on a Network Fair Gain-sharing under Dynamic Uncertainty
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