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We argue that using the Shapley value of cooperative game theory as the scheme for risk allocation among non-orthogonal risk factors is a natural way of interpreting the contribution made by each of such factors to overall portfolio risk.…

Computational Finance · Quantitative Finance 2021-03-10 Patrick S. Hagan , Andrew Lesniewski , Georgios E. Skoufis , Diana E. Woodward

The Shapley value is a game-theoretic notion for wealth distribution that is nowadays extensively used to explain complex data-intensive computation, for instance, in network analysis or machine learning. Recent theoretical works show that…

Databases · Computer Science 2022-01-04 Daniel Deutch , Nave Frost , Benny Kimelfeld , Mikaël Monet

In this paper, we study the total displacement statistic of parking functions from the perspective of cooperative game theory. We introduce parking games, which are coalitional cost-sharing games in characteristic function form derived from…

Combinatorics · Mathematics 2024-11-06 Jennifer Elder , Pamela E. Harris , Jan Kretschmann , J. Carlos Martínez Mori

Performing (variance-based) global sensitivity analysis (GSA) with dependent inputs has recently benefited from cooperative game theory concepts.By using this theory, despite the potential correlation between the inputs, meaningful…

Statistics Theory · Mathematics 2022-10-25 Margot Herin , Marouane Il Idrissi , Vincent Chabridon , Bertrand Iooss

This paper proposes a novel approach to explain the predictions made by data-driven methods. Since such predictions rely heavily on the data used for training, explanations that convey information about how the training data affects the…

Machine Learning · Statistics 2022-12-09 Andreas Brandsæter , Ingrid K. Glad

We consider the dataset valuation problem, that is, the problem of quantifying the incremental gain, to some relevant pre-defined utility of a machine learning task, of aggregating an individual dataset to others. The Shapley value is a…

Artificial Intelligence · Computer Science 2025-02-25 Felipe Garrido-Lucero , Benjamin Heymann , Maxime Vono , Patrick Loiseau , Vianney Perchet

We study a game-theoretic model for pool formation in Proof of Stake blockchain protocols. In such systems, stakeholders can form pools as a means of obtaining regular rewards from participation in ledger maintenance, with the power of each…

Computer Science and Game Theory · Computer Science 2025-06-09 Aggelos Kiayias , Elias Koutsoupias , Evangelos Markakis , Panagiotis Tsamopoulos

The latest developments in AI focus on agentic systems where artificial and human agents cooperate to realize global goals. An example is collaborative learning, which aims to train a global model based on data from individual agents. A…

Computer Science and Game Theory · Computer Science 2025-08-20 Björn Filter , Ralf Möller , Özgür Lütfü Özçep

The computation of a solution concept of a cooperative game usually employs values of all coalitions. However, in some applications, the values of some of the coalitions might be unknown due to high costs associated with their determination…

Computer Science and Game Theory · Computer Science 2023-03-31 Martin Cerny , Michel Grabisch

Structural Causal Models (SCM) are a powerful framework for describing complicated dynamics across the natural sciences. A particularly elegant way of interpreting SCMs is do-Shapley, a game-theoretic method of quantifying the average…

The complex nature of artificial neural networks raises concerns on their reliability, trustworthiness, and fairness in real-world scenarios. The Shapley value -- a solution concept from game theory -- is one of the most popular explanation…

Machine Learning · Computer Science 2023-12-29 Jacopo Teneggi , Beepul Bharti , Yaniv Romano , Jeremias Sulam

Shapley values have become one of the go-to methods to explain complex models to end-users. They provide a model agnostic post-hoc explanation with foundations in game theory: what is the worth of a player (in machine learning, a feature…

Machine Learning · Computer Science 2023-06-21 Joran Michiels , Maarten De Vos , Johan Suykens

We investigate Gately's solution concept for cooperative games with transferable utilities. Gately's conception introduced a bargaining solution that minimises the maximal quantified ``propensity to disrupt'' the negotiation process of the…

Theoretical Economics · Economics 2023-07-11 Robert P. Gilles , Lina Mallozzi

Motivated by the fact that the worth of a coalition may depend on the order in which agents arrive, Nowak and Radzik (1994) (NR) introduced cooperative games with generalized characteristic functions. We study such temporal cooperative…

Computer Science and Game Theory · Computer Science 2026-03-17 Ashwin Goyal , Drashthi Doshi , Swaprava Nath

The Shapley value has become a popular method to attribute the prediction of a machine-learning model on an input to its base features. The use of the Shapley value is justified by citing [16] showing that it is the \emph{unique} method…

Artificial Intelligence · Computer Science 2020-02-10 Mukund Sundararajan , Amir Najmi

Potential games, originally introduced in the early 1990's by Lloyd Shapley, the 2012 Nobel Laureate in Economics, and his colleague Dov Monderer, are a very important class of models in game theory. They have special properties such as the…

Computer Science and Game Theory · Computer Science 2015-05-08 Luis E. Ortiz

We introduce a class of cooperative games induced by weighted directed graphs. Specifically, the coalitional value combines an internal interaction term given by the induced subgraph game with an external component based on minimal incoming…

Computer Science and Game Theory · Computer Science 2026-05-19 David Ryzák , Tomáš Kroupa

In this paper we introduce the $\Gamma$ value, a new value for cooperative games with transferable utility. We also provide an axiomatic characterization of the $\Gamma$ value based on a property concerning the so-called necessary players.…

Computer Science and Game Theory · Computer Science 2024-01-31 J. C. Gonçalves-Dosantos , I. García-Jurado , J. Costa , J. M. Alonso-Meijide

M\"obius inversion and Shapley values are two mathematical tools for characterizing and decomposing higher-order structure in complex systems. The former defines higher-order interactions as discrete derivatives over a partial order; the…

Computer Science and Game Theory · Computer Science 2026-04-23 Patrick Forré , Abel Jansma

In cooperative game theory, the primary focus is the equitable allocation of payoffs or costs among agents. However, in the practical applications of cooperative games, accurately representing games is challenging. In such cases, using an…

Computer Science and Game Theory · Computer Science 2024-05-21 Soh Kumabe , Yuichi Yoshida
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