What mathematical concept is named after Lloyd Shapley?
Shapley Value
Euler's Number
Pythagorean Theorem
Fibonacci Sequence
Answer
Shapley Value, named after Lloyd Shapley, is a mathematical concept used in game theory to fairly distribute gains or costs among players in cooperative games. It calculates the average contribution of each player to the overall outcome, considering all possible combinations of players and their contributions. The Shapley Value ensures that each player receives a fair share based on their individual impact on the collective result.
Lloyd Shapley Challenge: 31 Questions to Test Your Mastery
Related Quizzes
Subscribe Now!
Learn something
new everyday
Playing quizzes is free! We send 1 quiz every week to your inbox