ABSTRACT
The "von Neumann-Morgenstern solution" was the first solution concept to be studied (see von Neumann [1928]). It was later extensively examined by von Neumann and Morgenstern [l944], and by subsequent workers. The ideas on which it is founded are closely related to those on which the core is founded, and it will be introduced here on the basis of these ideas. Throughout we will use x(S) to denote https://www.w3.org/1998/Math/MathML"> Σ i ∈ S X i . https://s3-euw1-ap-pe-df-pch-content-public-p.s3.eu-west-1.amazonaws.com/9780429042034/4eff4487-a367-4138-a35f-94df68001ede/content/inline-math49.tif" xmlns:xlink="https://www.w3.org/1999/xlink"/>
