Shapley value

  • Durlauf S
  • Blume L
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Abstract

The value of an uncertain outcome (a `gamble', `lottery', etc.) to a participant is an evaluation, in the participant's utility scale, of the prospective outcomes: It is an a priori measure of what he expects to obtain (this is the subject of `utility theory'). In a similar way, one is interested in evaluating a game; that is, measuring the value of each player in the game.

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Durlauf, S. N., & Blume, L. E. (2010). Shapley value. In Game Theory (pp. 319–324). Palgrave Macmillan UK. https://doi.org/10.1057/9780230280847_33

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