English

A Partial Order for Strictly Positive Coalitional Games and a Link from Risk Aversion to Cooperation

Theoretical Economics 2023-04-24 v1

Abstract

We deal with coalitional games possessing strictly positive values. Individually rational allocations of such a game has clear fractional interpretations. Many concepts, including the long-existing core and other stability notions more recently proposed by Yang \cite{Y22}, can all be re-cast in this fractional mode. The latter allows a certain ranking between games, which we deem as in the sense of ``centripetality'', to imply a clearly describable shift in the games' stable solutions. %These trends would be preserved after the imposition of the restriction that fractions be positive as well. When coalitions' values are built on both random outcomes and a common positively homogeneous reward function characterizing players' enjoyments from their shares, the above link could help explain why aversion to risk often promotes cooperation.

Keywords

Cite

@article{arxiv.2304.10652,
  title  = {A Partial Order for Strictly Positive Coalitional Games and a Link from Risk Aversion to Cooperation},
  author = {Jian Yang},
  journal= {arXiv preprint arXiv:2304.10652},
  year   = {2023}
}
R2 v1 2026-06-28T10:13:08.158Z