ShapleyShubik
ShapleyShubik, more commonly called the Shapley–Shubik power index, is a measure of voting power in weighted voting games. It assigns to each player a value between 0 and 1 that represents their expected influence on decisions when outcomes are determined by a quota. The index is obtained by applying the Shapley value to the simple cooperative game where a coalition is winning if its total weight meets or exceeds the quota, and losing otherwise. A player is pivotal if they convert a losing coalition into a winning one as players are added in a random order. The Shapley–Shubik index for a given player is the probability that that player is pivotal under a uniformly random permutation of all players.
Origin and interpretation: The index was introduced by Lloyd Shapley and Martin Shubik in 1954 as an
Computation: Let N be the set of players with weights and a quota q. The Shapley–Shubik index
Properties and applications: The index satisfies symmetry, dummy, and efficiency properties, and it sums to 1