Extension of the Shapley Value

The extension of the Shapley value refers to broadening its application beyond this classic game theory concept, to more complex or diverse scenarios. While the original Shapley value fairly distributes gains or costs among participants based on their contributions, its extension involves adapting these fairness principles to situations like network analysis, machine learning, or collaborative projects. This allows for equitable evaluation of individual contributions even in intricate, real-world systems where interactions are more complex than simple cooperation. Essentially, it’s an enhancement that maintains fairness while handling more complicated or nuanced environments.