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Lloyd Stowell Shapley (born June 2, 1923) is a distinguished
In 1950, Shapley invented the board game So Long Sucker, along with Mel Hausner, John Forbes Nash, and Martin Shubik.
In his 80s, Shapley continued publishing in the areas of specialization he created or advanced, such as multi-person utility (with Manel Baucells) and authority distribution (a generalization to the Shapley–Shubik power index and useful in ranking, planning and group decision-making).
Besides, his early work with R.N.Snow and M.Maschler and B.Peleg on the kernel and the nucleolus, and his work with Robert Aumann on non-atomic games and on long-term competition have all appeared in economic theory.
Along with the Shapley value, stochastic games, the Bondareva–Shapley theorem (which implies that convex games have non-empty cores), the Shapley–Shubik power index (for weighted or block voting power), the Gale–Shapley algorithm (for the stable marriage problem), the concept of a potential game (with Dov Monderer), the Aumann–Shapley pricing, the Harsanyi–Shapley solution, the Snow–Shapley theorem for matrix games, and the Shapley–Folkman lemma & theorem bear his name.
Lloyd Shapley was born on June 2, 1923, in Cambridge, Massachusetts, one of the sons of Martha (Betz) and the distinguished astronomer Harlow Shapley, both from Missouri.^{[5]} He attended Phillips Exeter Academy and was a student at Harvard when he was drafted in 1943. He served in the Army Air Corps in Chengdu, China and received the Bronze Star decoration for breaking the Soviet weather code.^{[6]} After the war, he 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 where he received a Ph.D. in 1953. His thesis and post-doctoral work introduced the Shapley value and the core solution in game theory. After graduating, he remained at Princeton for a short time before going back to the RAND corporation from 1954 to 1981. Since 1981 he has been a professor at UCLA.
^{[4]} "for the theory of stable allocations and the practice of market design."Nobel Memorial Prize in Economic Sciences, Shapley won the 2012 Alvin E. Roth With ^{[3]}^{[2]}[1]
Royal Swedish Academy of Sciences, Friedrich Hayek, Nobel Prize in Literature, Nobel Prize, Nobel Prize in Physics
Brown University, Harvard University, Ivy League, Woodrow Wilson, Princeton Tigers
New York City, United States, American Civil War, Hawaii, Western United States
Game theory, University of Toronto, Yale University, Princeton University, Monetary economics
Chess, Economics, Set theory, Mechanism design, Digital object identifier
Nobel Memorial Prize in Economic Sciences, Stanford University, Nobel Prize, New York City, Game theory
Core (economics), Game theory, Imputation (game theory), Lloyd Shapley, Supermodular
Game theory, Infinity, Probability theory, Microeconomics, Convex set
Game theory, Lloyd Shapley, Cooperative game, Robert Aumann, Jean-François Mertens