COLLECTING INFORMATION TO IMPROVE DECISION-MAKING

Author:

BRÂNZEI RODICA1,TIJS STEF2,TIMMER JUDITH3

Affiliation:

1. Faculty of Computer Science, "Al.I. Cuza" University, 16 Berthelot St., 6600 Iaşi, Romania

2. CentER and Department of Econometrics, Tilburg University, P.O. Box 90153, 5000 LE Tilburg, The Netherlands

3. Faculty of Mathematical Sciences, University of Twente, P. O. Box 217, 7500 AE Enschede, The Netherlands

Abstract

In this paper, we consider information collecting (IC) situations where an action taker in an uncertain situation can improve his action choices by gathering information from some players who are more informed about the situation. Then the problem of sharing the gains when cooperating with informants is tackled by constructing an appropriate game, the IC-game corresponding to the IC-situation. It turns out that the cone of IC-games, given a fixed set of players, coincides with the cone of 0-normalized monotonic games with a veto player. Also special classes of convex IC-games and big boss IC-games are considered, for which more is known about the solution concepts.

Publisher

World Scientific Pub Co Pte Lt

Subject

Statistics, Probability and Uncertainty,Business and International Management,General Computer Science

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1. On big boss fuzzy interval games;European Journal of Operational Research;2023-05

2. Efficient and stable data-sharing in a public transit oligopoly as a coopetitive game;Transportation Research Part B: Methodological;2022-09

3. Clan information market games;Theory and Decision;2016-12-10

4. Data Games: Sharing Public Goods with Exclusion;Journal of Public Economic Theory;2013-06-10

5. BIG BOSS INTERVAL GAMES;International Journal of Uncertainty, Fuzziness and Knowledge-Based Systems;2011-02

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