The ________ model determines the overall payoff a player can expect on the basis of his or her ability to change a losing coalition into a winning coalition.
A) Raiffa
B) Black-Scholes
C) Bayesian
D) Shapley

Question

Quizplus · Accepted Answer

The Shapley model focuses on analyzing the contribution of individual players to a coalition and determines the overall payoff a player can expect by considering all possible combinations of players. This includes the ability of a player to change a losing coalition into a winning one. The other models listed (Raiffa, Black-Scholes, Bayesian) are not specifically designed to analyze coalition formation in this way.

The ________ Model Determines the Overall Payoff a Player Can