Lloyd Shapley
Mathematician and economist, Nobel laureate
Born
June 2nd, 1923
101 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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