On Committee Decision Making: A Game-Theoretical Approach.
Abstract
In this paper, we study the committee decision making process using game theory. The committee is modeled as a game. A new solution concept called the one-core is introduced and studied. The concept of a bargaining set, first introduced by Aumann and Maschler in the context of games with side payments, is defined with appropriate modifications for committee games. These solution concepts are compared with two other well known solution concepts - the core and the Condorcet solution. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Nov 01, 1977
- Accession Number
- ADA049494
Entities
People
- Prakash P. Shenoy
Organizations
- University of Wisconsin–Madison