Shapley value
Definition
A theory attributed to mathematician Lloyd Shapley, which states that costs and rewards are distributed among a number of participants in order of the importance of that each plays in the cooperative activity. Each participant does not gain less than what it would have by operating alone. For example, if three banks provide varying levels of financing for the construction of a retail mall, each would have a proportional right to monthly mortgage payments.
Related Articles
- Common Financial Instruments of Forex *
- Life Insurance: Types of Policies and Provisions *
- "Sell Covered Call" Option Investment Strategy *
- The Difference between Financial Advisors and Financial Analysts *
- Buying Stocks Using Growth Strategy *
- Mutual Funds v. 401(k) for Retirement *
- Basic Mutual Fund Concepts *
- SEP and SIMPLE Plans *
Related Videos
http://www.businessdictionary.com/definition/Shapley-value.html
