Solutions in Cooperative Games

In cooperative games, a "solution" refers to a fair way to divide the total benefits or payoff generated by a group of players working together. It determines how to distribute the gains so that all members feel their contributions are valued and no one has an incentive to leave the group. Solutions consider factors like each player's contribution and the overall value created, ensuring the division is stable and equitable. These concepts help in real-world scenarios like joint business ventures, joint projects, or collaborations where fair sharing is essential for continued cooperation.