File:Lloyd Shapley (1980).jpg

Lloyd Shapley (1980).

Lloyd Stowell Shapley (June 2, 1923 – March 12, 2016) was an American mathematician and Nobel Prize-winning economist. He contributed to the fields of mathematical economics and especially game theory.

Since the work of von Neumann and Morgenstern in 1940s, Shapley has been regarded by many experts as the very personification of game theory.

With Alvin E. Roth, Shapley won the 2012 Nobel Memorial Prize in Economic Sciences "for the theory of stable allocations and the practice of market design."

Shapley returned to Harvard and graduated with an A.B. in mathematics in 1948. After working for one year at the RAND Corporation, he went to Princeton University.

In 1950, while a graduate student, Shapley co-invented the board game So Long Sucker.

He received his Ph.D. from Harvard in 1953. His thesis and post-doctoral work introduced the Shapley value and the core solution in game theory.

Shapley defined game theory as "a mathematical study of conflict and cooperation."

After graduating, he remained at Princeton for a short time before going back to the RAND corporation from 1954 to 1981.

In the News

Fiction cross-reference

Nonfiction cross-reference

• Game theory (nonfiction)
• So Long Sucker (nonfiction)

External links:

• Lloyd Shapley @ Wikipedia

Attribution:

By Konrad Jacobs, Erlangen, Copyright is with MFO - Mathematisches Institut Oberwolfach (MFO), http://owpdb.mfo.de/detail?photoID=3808, CC BY-SA 2.0 de, https://commons.wikimedia.org/w/index.php?curid=4998292