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 ...

The ancient problems of bankruptcy, contested garment, and rights arbitration have generated many studies, debates, and controversy. The objective of this paper is to show that the Shapley value from ...

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 ...

NEW YORK — Lloyd S. Shapley, who shared the 2012 Nobel Memorial Prize in Economic Sciences for work on game theory that has been used to study subjects as diverse as matching couples and allocating ...