The Prediction value
Abstract
We introduce the prediction value (PV) as a measure of players' informational importance in probabilistic TU games. The latter combine a standard TU game and a probability distribution over the set of coalitions. Player 's prediction value equals the difference between the conditional expectations of when cooperates or not. We characterize the prediction value as a special member of the class of (extended) values which satisfy anonymity, linearity and a consistency property. Every -player binomial semivalue coincides with the PV for a particular family of probability distributions over coalitions. The PV can thus be regarded as a power index in specific cases. Conversely, some semivalues -- including the Banzhaf but not the Shapley value -- can be interpreted in terms of informational importance.
Keywords
Cite
@article{arxiv.1311.5728,
title = {The Prediction value},
author = {Maurice Koster and Sascha Kurz and Ines Lindner and Stefan Napel},
journal= {arXiv preprint arXiv:1311.5728},
year = {2017}
}
Comments
26 pages, 2 tables