Nature

Cooperative Game Theory and Shapley Value

Cooperative game theory is the study of strategic interactions in which players, or agents, form coalitions to achieve mutual benefits. A central concern in this area is the fair allocation of the ...
JSTOR Daily

Implementation and axiomatization of discounted Shapley values

In this paper we introduce discounting in the bidding mechanism of Pérez-Castrillo and Wettstein (J Econ Theory 100:274-294, 2001) who implemented the Shapley value for cooperative transferable ...
JSTOR Daily

Axiomatizations of the normalized Banzhaf value and the Shapley value

A cooperative game with transferable utilities - or simply a TU-game - describes a situation in which players can obtain certain payoffs by cooperation. A solution concept for these games is a ...
Harvard Business School

The Shapley Value as Applied to Cost Allocation: A Reinterpretation

Roth, A. E., and R. E. Verrecchia. "The Shapley Value as Applied to Cost Allocation: A Reinterpretation." Journal of Accounting Research 17, no. 1 (spring 1979): 295 ...
San Francisco Fed

Explaining Machine Learning by Bootstrapping Partial Dependence Functions and Shapley Values

Machine learning and artificial intelligence methods are often referred to as “black boxes” when compared with traditional regression-based approaches. However, both traditional and machine learning ...
Nature

Cooperative Game Theory and Shapley Value Applications

Cooperative game theory provides a robust framework for understanding how individuals or entities may form coalitions to achieve joint benefits. Central to this field is the Shapley value, a concept ...