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A Measure of Added Value in Groups

Published: 23 July 2019 Publication History

Abstract

The intuitive notion of added value in groups represents a fundamental property of biological, physical, and economic systems: how the interaction or cooperation of multiple entities, substances, or other agents can produce synergistic effects. However, despite the ubiquity of group formation, a well-founded measure of added value has remained elusive. Here, we propose such a measure inspired by the Shapley value—a fundamental solution concept from Cooperative Game Theory. To this end, we start by developing a solution concept that measures the average impact of each player in a coalitional game and show how this measure uniquely satisfies a set of intuitive properties. Then, building upon our solution concept, we propose a measure of added value that not only analyzes the interactions of players inside their group, but also outside it, thereby reflecting otherwise-hidden information about how these individuals typically perform in various groups of the population.

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Cited By

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  • (2023)Fast Joint Shapley ValuesCompanion of the 2023 International Conference on Management of Data10.1145/3555041.3589393(285-287)Online publication date: 4-Jun-2023

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Published In

cover image ACM Transactions on Autonomous and Adaptive Systems
ACM Transactions on Autonomous and Adaptive Systems  Volume 13, Issue 4
December 2018
143 pages
ISSN:1556-4665
EISSN:1556-4703
DOI:10.1145/3349607
Issue’s Table of Contents
Permission to make digital or hard copies of all or part of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for components of this work owned by others than ACM must be honored. Abstracting with credit is permitted. To copy otherwise, or republish, to post on servers or to redistribute to lists, requires prior specific permission and/or a fee. Request permissions from [email protected]

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Publication History

Published: 23 July 2019
Accepted: 01 March 2019
Received: 01 August 2018
Published in TAAS Volume 13, Issue 4

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Author Tags

  1. Harsanyi dividends
  2. Shapley value
  3. Synergy
  4. interaction index

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  • (2023)Fast Joint Shapley ValuesCompanion of the 2023 International Conference on Management of Data10.1145/3555041.3589393(285-287)Online publication date: 4-Jun-2023

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