The Shapley value for the probability game

Dongshuang Hou*, Genjiu Xu, Panfei Sun, Theo Driessen

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review

3 Citations (Scopus)

Abstract

The main goal of this paper is to introduce the probability game. On one hand, we analyze the Shapley value by providing an axiomatic characterization. We propose the so-called independent fairness property, meaning that for any two players, the player with larger individual value gets a larger portion of the total benefit. On the other, we use the Shapley value for studying the profitability of merging two agents.

Original languageEnglish
Pages (from-to)457-461
Number of pages5
JournalOperations research letters
Volume46
Issue number4
DOIs
Publication statusPublished - Jul 2018

Keywords

  • Independent fairness property
  • Probability game
  • Shapley value

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