Probabilistic values on convex geometries

Probabilistic values on convex geometries

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Article ID: iaor19993070
Country: Netherlands
Volume: 84
Issue: 1
Start Page Number: 79
End Page Number: 95
Publication Date: Dec 1998
Journal: Annals of Operations Research
Authors: , ,
Abstract:

A game on a convex geometry is a real-valued function defined on the family ℒ of the closed sets of a closure operator which satisfies the finite Minkowski–Krein–Milman property. If ℒ is the Boolean algebra 2N, then we obtain an n-person cooperative game. We will extend the work of Weber on probabilistic values to games on convex geometries. As a result, we obtain a family of axioms that give rise to several probabilistic values and a unique Shapley value for games on convex geometries.

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