Fifteen Eighty Four

The following is an excerpt from Alvin E. Roth’s 2005 classic The Shapley Value: Essays in Honor of Lloyd S. Shapley.

Introduction to the Shapley Value

Among the obligations facing a community of scholars is to make accessible to a wider community the ideas it finds useful and important. A related obligation is to recognize lasting contributions to ideas and to honor their progenitors. In this volume we undertake to fill both obligations.

The papers in this volume review and continue research that has grown out of a remarkable 1953 paper by Lloyd Shapley. There he proposed that it might be possible to evaluate, in a numerical way, the “value” of playing a game.

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