Jhon has left an estate of Birr 200,000 to support his three ex-wives. Unfortunately, Jhon's attorney has determined that each ex-wife needs the following amount of money to take care of Jhon's children: wife 1 100,000 birr; wife 2 200,000 birr; wife 3 300,000 birr. Jhon's attorney must determine how to divide the money among the three wives. He defines the value of a coalition S of ex-wives to be the maximum amount of money left for the exwives in S after all ex-wives not in S receive what they need.

Determine the core and Shapley value for this game.

Answer rating: 100% (QA)

To determine the core and Shapley value for this game we need to analyze the possible coalitions and their respective values Lets consider the differe... View the full answer