| Original language | English |
|---|---|
| Title of host publication | The New Palgrave Dictionary of Economics |
| Place of Publication | London |
| Publisher | Palgrave Macmillan |
| Pages | 1-5 |
| Number of pages | 5 |
| ISBN (Print) | 978-1-349-95121-5 |
| DOIs | |
| State | Published - 2017 |
Abstract
The Shapley value is an a priori evaluation of the prospects of a player in a multi-person game. Introduced by Lloyd S. Shapley in 1953, it has become a central solution concept in cooperative game theory. The Shapley value has been applied to economic, political, and other models.