The von Neumann-Morgenstern Cooperative Theory of N-Person Games

From Encyclopædia Britannica: Von Neumann and Morgenstern were the first to construct a cooperative theory of n-person games. They assumed that various groups of players might join together to form coalitions, each of which has an associated value defined as the minimum amount that the coalition can ensure by its own efforts. (In practice, such […]

The Fiduciary Responsibilities Of Shepherds

We recently read Ya’akov’s infuriated protestation of his honesty during his service to Lavan: ויחר ליעקב וירב בלבן ויען יעקב ויאמר ללבן … הייתי ביום אכלני חרב וקרח בלילה ותדד שנתי מעיני1 Is a shepherd actually Halachically obligated in this level of diligence? Rav Ahai Gaon does indeed derive from this passage that he is, […]