The Aumann–Shapley [Values of Non-atomic Games, Princeton University Press, Princeton] value, originating in cooperative game theory, is used for the allocation of risk capital to portfolios of pooled liabilities, as proposed by Denault [Coherent allocation of risk capital, J. Risk 4 (1) (2001) 1]. We obtain an explicit formula for the Aumann–Shapley value, when the risk measure is given by a d...

Three values for non-transferable utility games – the Harsanyi NTU-value, the Shapley NTU-value, and the Maschler–Owen consistent NTU-value – are compared in a simple example.

In this paper cost sharing problems are considered. We focus on problems on a rooted tree, we call these problems cost-tree problems, and on the induced transferable utility cooperative games, we call these games irrigation games. A formal notion of irrigation games is introduced, and the characterization of the class of these games is provided. The well-known class of airport games (Littlechil...

This paper presents a collection of four different classes of weighted Shapley levels values. All classes contain generalisations of the weighted Shapley values to cooperative games with a level structure. The first class is an upgrade of the weighted Shapley levels value in Gómez-Rúa and Vidal-Puga (2011), who use the size of components as weights. The following classes contain payoff vectors ...

This paper considers the ranking problem of candidates for a certain position based on ballot papers filled by voters. We suggest a ranking procedure of alternatives using cooperative game theory methods. For this, it is necessary to construct a characteristic function via the filled ballot paper profile of voters. The Shapley value serves as the ranking method. The winner is the candidate havi...

The Shapley value provides a fair method for the division of value in coalitional games. Motivated by the application of crowdsourcing for the collection of suitable labels and features for regression and classification tasks, we develop a method to approximate the Shapley value by identifying a suitable decomposition into multiple issues, with the decomposition computed by applying a graph par...