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Shapley Values and their Application Inside and Outside of Economics (eBook, PDF)

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Bachelor Thesis from the year 2022 in the subject Business economics - Business Management, Corporate Governance, grade: 1.15, Technical University of Ilmenau, language: English, abstract: The Shapley Value is a famous solution concept of cooperative Game Theory which aims at allocating a jointly generated payoff to the contributing members under fair circumstances. It represents a unique solution to a set of predefined fairness axioms which favoured its employment in many applications and scientific literature over the years. The resulting vast amount of literature is mainly focused on applyi...

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