Lloyd Shapley

Lloyd Stowell Shapley was an American mathematician and Nobel Memorial Prize-winning economist, born on June 2, 1923 in Cambridge, Massachusetts, who contributed to the fields of mathematical economics and especially game theory. He is generally considered one of the most important contributors to the development of game theory since the work of von Neumann and Morgenstern, and with Alvin E. Roth won the 2012 Nobel Memorial Prize in Economic Sciences for the theory of stable allocations and the practice of market design. After serving in the United States Army Air Corps he graduated from Harvard with an A.B. in mathematics in 1948 and received a Ph.D. from Princeton University in 1953, where his thesis and post-doctoral work introduced the Shapley value and the core solution in game theory. He died on March 12, 2016.