Game theory formula explanation

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I'm a psychology undergrad that is doing an essay on cohesiveness and cooperative games. What does the following formula mean? What does each component mean?

v(N) ≥ v(S) for all S ⊆ N

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It means that the value when all players cooperate is at least as large as the value of a few players when they cooperate.

The ⊆ symbol is to indicate a subset.