Imputation (game theory)

In fully cooperative games players will opt to form coalitions when the value of the payoff is equal to or greater than if they were to work alone.

Distributions where a player receives less than it could obtain on its own, without cooperating with anyone else, are unacceptable - a condition known as individual rationality.

For 2-player games the set of imputations coincides with the core, a popularly studied concept due to its stability against group deviations.

Nash bargaining theory, a type of cooperative bargaining, is used to solve this problem for 2-player games but will fail to yield any results for any games that are using more than two players,[2] this solution aims to maximise the pay off for both of the players.

[2] Schmeidler's Nucleolus refers to the imputation that minimizes the maximum excess, a min-max function.

Obviously, a rational player will leave the agreement if he/she can achieve a better outcome by abandoning, no matter what was announced before.

A number of regularization methods (integral and differential) based upon the IDP (imputation distribution procedures) was proposed.