Cooperative Stock Market Game

Authors

  • Jianpeng Zhang Saint Petersburg State University
  • Tian Lu Yan’an University

Abstract

This study explores the game-theoretic model of the stock market, analyzing the behavior and strategic choices of market participants, and constructing a cooperative game model. The basic concepts of game theory are introduced, and the importance and practical application of game theory in the stock market are explained. A cooperative game-theoretic model is constructed, the characteristic function is established, and its superadditivity is proven. The model is analyzed, the Shapley value is derived. It is demonstrated that the Shapley value belongs to the core.

Keywords:

cooperative game, core, Shapley value, stock market

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References

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Published

2023-12-31

How to Cite

Zhang, J., & Lu, T. (2023). Cooperative Stock Market Game. Contributions to Game Theory and Management, 16, 271–281. Retrieved from https://gametheory.spbu.ru/article/view/17735

Issue

Vol. 16 (2023)

Section

Articles

License

Articles of "Contributions to Game Theory and Management" are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.