Values of Large Games, II

Oceanic Games

John Willard Milnor, Lloyd S. Shapley

ResearchPublished 1961

Part of a continuing effort to extend the applications of n-person game theory. A value theory is developed for voting games in which a sizable fraction of the total vote is controlled by a few major players and the rest is distributed among a continuous infinity of individually insignificant minor players. The latter are referred to collectively as an "ocean," to suggest the total lack of order or cohesion that is assumed.

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Document Details

  • Copyright: RAND Corporation
  • Availability: Web Only
  • Year: 1961
  • Pages: 32
  • Document Number: RM-2649-PR

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Milnor, John Willard and Lloyd S. Shapley, Values of Large Games, II: Oceanic Games. Santa Monica, CA: RAND Corporation, 1961. https://www.rand.org/pubs/research_memoranda/RM2649.html.
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