Convex Games

Convex games are a type of cooperative game in which players can form coalitions to achieve better outcomes together. The key characteristic is that the total benefit or value gained by a coalition of players increases as more players join, meaning the value of collaboration isn't diminishing. This nature makes it easier to predict stable agreements among players, as everyone benefits from working together. Applications of convex games can be found in economics, resource allocation, and strategic decision-making, where cooperation leads to improved results for all participants involved.