Evaluating groups with the generalized Shapley value

Following the original interpretation of the Shapley value as a priori evaluation of the prospects of a player in a multiperson interaction situation, we intend to apply the Shapley generalized value (introduced formally in Marichal et al. in 2007) as a tool for the assessment of a group of players...

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Detalles Bibliográficos
Autores: Flores, Ramón, Molina Ferragut, Elisenda, Tejada Cazorla, Juan Antonio
Tipo de recurso: artículo
Fecha de publicación:2018
País:España
Institución:Universidad Complutense de Madrid (UCM)
Repositorio:Docta Complutense
Idioma:inglés
OAI Identifier:oai:docta.ucm.es:20.500.14352/116994
Acceso en línea:https://hdl.handle.net/20.500.14352/116994
Access Level:acceso abierto
Palabra clave:Game Theory
Group values
TU games
Shapley value
Generalized values
Teoría de Juegos
1207.06 Teoría de Juegos
Descripción
Sumario:Following the original interpretation of the Shapley value as a priori evaluation of the prospects of a player in a multiperson interaction situation, we intend to apply the Shapley generalized value (introduced formally in Marichal et al. in 2007) as a tool for the assessment of a group of players that act as a unit in a coalitional game. We propose an alternative axiomatic characterization which does not use a direct formulation of the classical efficiency property. Relying on this valuation, we also analyze the profitability of a group. We motivate this use of the Shapley generalized value by means of two relevant applications in which it is used as an objective function by a decision maker who is trying to identify an optimal group of agents in a framework in which agents interact and the attained benefit can be modeled by means of a transferable utility game.