Lloyd Shapley

Mathematician and economist, Nobel laureate

Lloyd Shapley - Mathematician and economist, Nobel laureate
Born

June 2nd, 1923
102 years ago

Died

March 12th, 2016
9 years ago — 92 years old

Category

Scientists & Innovators

Country

United States

Links & References

Contributions included the development of game theory and economic allocation mechanisms. Authored many influential papers and co-created the Shapley value, a solution concept for cooperative games that allocates payouts fairly among players based on their contributions. Worked on matching theory, which has applications in various fields including economics and market design. Shapley was awarded the Nobel Prize in Economic Sciences in 2012 for contributions to the analysis of economic processes.

Developed the Shapley value

Contributed to matching theory

Awarded the Nobel Prize in Economic Sciences

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