Game Theory and the Old Problems of Rights Arbitration and Bankruptcy (pp. 79-87)
Authors: Silviu Guiasu
Abstract: The ancient rights arbitration and bankruptcy problems involve controversial claims
and surprising judge’s decisions given without any justification back then. They have
generated many studies and debates. Recently, Guiasu (Synthese, vol.181, Supplement 1,
pp.65-79, 2011) showed that the old solutions given to these problems may be completely
justified using the Shapley value from the n-person game theory, measuring the power of
each player in a game. The objective of this chapter is to give a compact and simplified
version of the methodology used by Guiasu in 2011.
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