Fairness measures for decision-making and conflict resolution

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.

Año de publicación:

2019

Keywords:

• fairness
• Utility allocation
• Decision-making
• Optimization

Fuente:

scopus