Why Shapley Value and Its Generalizations Are Effective in Economics and Finance, Machine Learning, and Systems Engineering

Publikation: Beitrag in Buch/Bericht/Sammelwerk/KonferenzbandBeitrag in Buch/SammelwerkForschungPeer-Review

Autorschaft

  • Miroslav Svitek
  • Niklas Winnewisser
  • Michael Beer
  • Olga Kosheleva
  • Vladik Kreinovich

Externe Organisationen

  • Czech Technical University (CTU)
  • University of Texas at El Paso
Forschungs-netzwerk anzeigen

Details

OriginalspracheEnglisch
Titel des SammelwerksStudies in Big Data
Herausgeber (Verlag)Springer Science and Business Media Deutschland GmbH
Seiten15-26
Seitenumfang12
ISBN (elektronisch)978-3-032-06179-9
ISBN (Print)978-3-032-06178-2
PublikationsstatusVeröffentlicht - 5 Feb. 2026

Publikationsreihe

NameStudies in Big Data
Band181
ISSN (Print)2197-6503
ISSN (elektronisch)2197-6511

Abstract

In many practical situations, it is necessary to fairly divide the joint gain between the contributors. In the 1950s, the Nobelist Lloyd Shapley showed that under some reasonable conditions, there is only one way to make this division. The resulting Shapley value is now actively used in situations that go beyond economics and finance—and in which Shapley’s conditions are not always satisfied: in machine learning, in systems engineering, etc. In this paper, we explain why Shapley value can be applied to such situations, and how can we generalize Shapley value to make it even more adequate for these new applications.

ASJC Scopus Sachgebiete

Zitieren

Why Shapley Value and Its Generalizations Are Effective in Economics and Finance, Machine Learning, and Systems Engineering. / Svitek, Miroslav; Winnewisser, Niklas; Beer, Michael et al.
Studies in Big Data. Springer Science and Business Media Deutschland GmbH, 2026. S. 15-26 (Studies in Big Data; Band 181).

Publikation: Beitrag in Buch/Bericht/Sammelwerk/KonferenzbandBeitrag in Buch/SammelwerkForschungPeer-Review

Svitek, M, Winnewisser, N, Beer, M, Kosheleva, O & Kreinovich, V 2026, Why Shapley Value and Its Generalizations Are Effective in Economics and Finance, Machine Learning, and Systems Engineering. in Studies in Big Data. Studies in Big Data, Bd. 181, Springer Science and Business Media Deutschland GmbH, S. 15-26. https://doi.org/10.1007/978-3-032-06179-9_2
Svitek, M., Winnewisser, N., Beer, M., Kosheleva, O., & Kreinovich, V. (2026). Why Shapley Value and Its Generalizations Are Effective in Economics and Finance, Machine Learning, and Systems Engineering. In Studies in Big Data (S. 15-26). (Studies in Big Data; Band 181). Springer Science and Business Media Deutschland GmbH. https://doi.org/10.1007/978-3-032-06179-9_2
Svitek M, Winnewisser N, Beer M, Kosheleva O, Kreinovich V. Why Shapley Value and Its Generalizations Are Effective in Economics and Finance, Machine Learning, and Systems Engineering. in Studies in Big Data. Springer Science and Business Media Deutschland GmbH. 2026. S. 15-26. (Studies in Big Data). doi: 10.1007/978-3-032-06179-9_2
Svitek, Miroslav ; Winnewisser, Niklas ; Beer, Michael et al. / Why Shapley Value and Its Generalizations Are Effective in Economics and Finance, Machine Learning, and Systems Engineering. Studies in Big Data. Springer Science and Business Media Deutschland GmbH, 2026. S. 15-26 (Studies in Big Data).
Download
@inbook{f7680821f3e4462cbc3bfb840f57a3de,
title = "Why Shapley Value and Its Generalizations Are Effective in Economics and Finance, Machine Learning, and Systems Engineering",
abstract = "In many practical situations, it is necessary to fairly divide the joint gain between the contributors. In the 1950s, the Nobelist Lloyd Shapley showed that under some reasonable conditions, there is only one way to make this division. The resulting Shapley value is now actively used in situations that go beyond economics and finance—and in which Shapley{\textquoteright}s conditions are not always satisfied: in machine learning, in systems engineering, etc. In this paper, we explain why Shapley value can be applied to such situations, and how can we generalize Shapley value to make it even more adequate for these new applications.",
author = "Miroslav Svitek and Niklas Winnewisser and Michael Beer and Olga Kosheleva and Vladik Kreinovich",
note = "Publisher Copyright: {\textcopyright} The Author(s), under exclusive license to Springer Nature Switzerland AG 2026.",
year = "2026",
month = feb,
day = "5",
doi = "10.1007/978-3-032-06179-9_2",
language = "English",
isbn = "978-3-032-06178-2",
series = "Studies in Big Data",
publisher = "Springer Science and Business Media Deutschland GmbH",
pages = "15--26",
booktitle = "Studies in Big Data",
address = "Germany",

}

Download

TY - CHAP

T1 - Why Shapley Value and Its Generalizations Are Effective in Economics and Finance, Machine Learning, and Systems Engineering

AU - Svitek, Miroslav

AU - Winnewisser, Niklas

AU - Beer, Michael

AU - Kosheleva, Olga

AU - Kreinovich, Vladik

N1 - Publisher Copyright: © The Author(s), under exclusive license to Springer Nature Switzerland AG 2026.

PY - 2026/2/5

Y1 - 2026/2/5

N2 - In many practical situations, it is necessary to fairly divide the joint gain between the contributors. In the 1950s, the Nobelist Lloyd Shapley showed that under some reasonable conditions, there is only one way to make this division. The resulting Shapley value is now actively used in situations that go beyond economics and finance—and in which Shapley’s conditions are not always satisfied: in machine learning, in systems engineering, etc. In this paper, we explain why Shapley value can be applied to such situations, and how can we generalize Shapley value to make it even more adequate for these new applications.

AB - In many practical situations, it is necessary to fairly divide the joint gain between the contributors. In the 1950s, the Nobelist Lloyd Shapley showed that under some reasonable conditions, there is only one way to make this division. The resulting Shapley value is now actively used in situations that go beyond economics and finance—and in which Shapley’s conditions are not always satisfied: in machine learning, in systems engineering, etc. In this paper, we explain why Shapley value can be applied to such situations, and how can we generalize Shapley value to make it even more adequate for these new applications.

UR - http://www.scopus.com/inward/record.url?scp=105029825562&partnerID=8YFLogxK

U2 - 10.1007/978-3-032-06179-9_2

DO - 10.1007/978-3-032-06179-9_2

M3 - Contribution to book/anthology

AN - SCOPUS:105029825562

SN - 978-3-032-06178-2

T3 - Studies in Big Data

SP - 15

EP - 26

BT - Studies in Big Data

PB - Springer Science and Business Media Deutschland GmbH

ER -

Von denselben Autoren