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Fairness measures for decision-making and conflict resolution

Sampat, Apoorva M. / Zavala, Victor M.

Abstract Allocating utility among stakeholders is a fundamental decision-making task that arises in complex organizations, social planning, infrastructures, and markets. In this work, we reconcile concepts of fairness from the perspectives of game theory, economics, statistics, and engineering by using an axiomatic approach. Our work reveals significant deficiencies in the social welfare allocation approach (which is widely used in the engineering literature) and highlights interesting and desirable properties and connections between Nash and entropy allocation approaches.

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Fairness measures for decision-making and conflict resolution

Sampat, Apoorva M. / Zavala, Victor M.

Abstract Allocating utility among stakeholders is a fundamental decision-making task that arises in complex organizations, social planning, infrastructures, and markets. In this work, we reconcile concepts of fairness from the perspectives of game theory, economics, statistics, and engineering by using an axiomatic approach. Our work reveals significant deficiencies in the social welfare allocation approach (which is widely used in the engineering literature) and highlights interesting and desirable properties and connections between Nash and entropy allocation approaches.

Fairness measures for decision-making and conflict resolution

Sampat, Apoorva M. / Zavala, Victor M.

Abstract Allocating utility among stakeholders is a fundamental decision-making task that arises in complex organizations, social planning, infrastructures, and markets. In this work, we reconcile concepts of fairness from the perspectives of game theory, economics, statistics, and engineering by using an axiomatic approach. Our work reveals significant deficiencies in the social welfare allocation approach (which is widely used in the engineering literature) and highlights interesting and desirable properties and connections between Nash and entropy allocation approaches.

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Titel:

Fairness measures for decision-making and conflict resolution

Beteiligte:

Sampat, Apoorva M. (Autor:in) / Zavala, Victor M. (Autor:in)

Erschienen in:

Optimization and Engineering ; 20 ; 1249-1272

Erscheinungsdatum:

11.07.2019

Format / Umfang:

24 pages

ISSN:

1573-2924 , 1389-4420

DOI:

https://doi.org/10.1007/s11081-019-09452-3

Medientyp:

Aufsatz (Zeitschrift)

Format:

Elektronische Ressource

Sprache:

Englisch

Schlagwörter:

Fairness , Utility allocation , Optimization , Decision-making Mathematics , Optimization , Engineering, general , Systems Theory, Control , Environmental Management , Operations Research/Decision Theory , Financial Engineering

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