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An empirical test of cooperative game solution concepts
Author(s) -
Williams Michael A.
Publication year - 1988
Publication title -
behavioral science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.371
H-Index - 45
eISSN - 1099-1743
pISSN - 0005-7940
DOI - 10.1002/bs.3830330306
Subject(s) - shapley value , empirical research , core (optical fiber) , solution concept , mathematical economics , cooperative game theory , test (biology) , contrast (vision) , game theory , empirical evidence , economics , computer science , microeconomics , mathematics , artificial intelligence , epistemology , statistics , telecommunications , philosophy , biology , paleontology
This article reports the largest empirical test to date of cooperative game solution concepts with observations taken from naturally occurring markets. In contrast to some previous empirical tests of cooperative game solution concepts with observations taken from classrooms, the empirical results support the theory of the core in general and the “equal propensity to disrupty” solution concept in particular. The Shapley value and the nucleolus receive weaker empirical support.