Shapley Values and their Application Inside and Outside of Economics

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Focusing on the Shapley Value, this thesis explores its role in cooperative Game Theory, emphasizing its fair allocation of payoffs among contributors. It highlights the concept's unique adherence to fairness axioms, which has led to extensive applications and scholarly interest. However, the author notes a gap between practical advancements and comprehensive reviews of its application areas, suggesting a need for a more integrated perspective in the literature. The work aims to bridge this discrepancy, enhancing understanding of the Shapley Value's versatility.