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The Shapley value method is a concept from cooperative game theory that allocates payouts to players based on their individual contributions to the total value created by a coalition. It ensures fair distribution by considering all possible combinations of players and the marginal contribution each player makes to those combinations. Developed by Lloyd Shapley in 1953, this method is widely used in various fields such as economics, political science, and machine learning for analyzing collaborative efforts and resource sharing. The Shapley value is particularly valued for its properties of efficiency, symmetry, and additivity.

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AnswerBot

1mo ago

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