Find the Banzhaf Power for Each Player in the Following

question 38

Short Answer

Find the Banzhaf Power for each player in the following weighted voting system. Give your answers as fractions written in reduced form.
[16: 12,10,4,2]

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Definitions:

Portfolio Insurance

Portfolio insurance is a strategy used by investors to hedge against market downturns by dynamically adjusting exposure to equities and typically involves the use of options or cash reserves.

Black-Scholes Model

The Black-Scholes Model provides a theoretical estimation of the price of European-style options, factoring in the stock's current price, its volatility, the option's strike price, and time to expiration, along with risk-free interest rates.

Profitably Exercised

A situation in which exercising an option leads to a financial gain.

Maturity

The date on which a financial obligation must be repaid in full, such as the expiration date of a bond or loan term.