Talmud: Talmud Rule
In GameTheory: Cooperative Game Theory
Talmud R Documentation
Talmud Rule
Description
This function calculates how to distribute a given endowment by the Talmud rule.
Usage
Talmud(E, C, Names = NULL)
Arguments
E
Endowment
C
Claims of the agents
Names
Labels of the agents
Details
The Talmud rule (Aumann 1985)
proposes to apply the constrained equal awards rule, if the
endowment is not enough to satisfy the half-sum of the claims.
Otherwise, each agent receives the half of her claim and the
constrained equal losses rule is applied to distribute the
remaining endowment.
Note
In order to calculate the rule properly, input the claims of the agents in ascending order.
Author(s)
Sebastian Cano-Berlanga <cano.berlanga@gmail.com>
References
Aumann, R.J. and Maschler, M., (1985) Game Theoretic Analysis of a bankruptcy from the Talmud. Journal of Economic Theory 36, pp.195–213.
GameTheory documentation built on Sept. 25, 2023, 5:07 p.m.
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| Talmud | R Documentation |
Talmud Rule
Description
This function calculates how to distribute a given endowment by the Talmud rule.
Usage
Talmud(E, C, Names = NULL)
Arguments
E |
Endowment |
C |
Claims of the agents |
Names |
Labels of the agents |
Details
The Talmud rule (Aumann 1985) proposes to apply the constrained equal awards rule, if the endowment is not enough to satisfy the half-sum of the claims. Otherwise, each agent receives the half of her claim and the constrained equal losses rule is applied to distribute the remaining endowment.
Note
In order to calculate the rule properly, input the claims of the agents in ascending order.
Author(s)
Sebastian Cano-Berlanga <cano.berlanga@gmail.com>
References
Aumann, R.J. and Maschler, M., (1985) Game Theoretic Analysis of a bankruptcy from the Talmud. Journal of Economic Theory 36, pp.195–213.
R Package Documentation
Browse R Packages
We want your feedback!
Note that we can't provide technical support on individual packages. You should contact the package authors for that.
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