Cooperative Game Theory
Cooperative Game Theory is a branch of game theory that studies the behavior of agents who form coalitions, where a coalition is a group of agents who work together to achieve a common goal. In cooperative games, the agents can negotiate and make binding agreements, and the payoff of each agent depends not only on their own actions but also on the actions of the other agents in their coalition. The goal of cooperative game theory is to design mechanisms that can allocate the payoff among the agents in a fair and efficient way, taking into account the preferences and bargaining power of each agent. Cooperative game theory has applications in many fields, including economics, political science, computer science, and social networks.
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