Lloyd Shapley facts for kids
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Lloyd Shapley



Shapley in 1980


Born 
Lloyd Stowell Shapley
June 2, 1923 Cambridge, Massachusetts, U.S.

Died  March 12, 2016 Tucson, Arizona, U.S.

(aged 92)
Alma mater  Princeton University Harvard University 
Known for  Shapley value Shapley–Shubik power index stochastic games Bondareva–Shapley theorem Shapley–Folkman lemma & theorem Gale–Shapley algorithm potential game core, kernel and nucleolus market games authority distribution multiperson utility nonatomic games 
Spouse(s)  Marian Louise Shapley (since 1955) 
Awards  Nobel Memorial Prize in Economic Sciences (2012) Bronze Star Medal(1944) Golden Goose Award (2013) John von Neumann Theory Prize (1981) 
Scientific career  
Fields  Mathematics, economics 
Institutions  University of California, Los Angeles RAND Corporation Princeton University 
Thesis  Additive and nonadditive set functions 
Doctoral advisor  Albert W. Tucker 
Influences  John von Neumann Martin Shubik Jon Folkman 
Influenced  Martin Shubik Jon Folkman 
Lloyd Stowell Shapley (/ˈʃæpli/; June 2, 1923 – March 12, 2016) was an American mathematician and Nobel Prizewinning economist. He contributed to the fields of mathematical economics and especially game theory. Shapley is generally considered one of the most important contributors to the development of game theory since the work of von Neumann and Morgenstern. 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."
Life and career
Lloyd Shapley was born on June 2, 1923, in Cambridge, Massachusetts, one of the sons of astronomers Harlow Shapley and Martha Betz Shapley, both from Missouri. He attended Phillips Exeter Academy and was a student at Harvard when he was drafted in 1943. He served in the United States Army Air Corps in Chengdu, China and received the Bronze Star decoration for breaking the Soviet weather code.
After the war, 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 where he received a Ph.D. in 1953 based on the thesis "Additive and nonadditive set functions". His thesis and postdoctoral 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 1950, while a graduate student, Shapley invented the board game So Long Sucker, along with Mel Hausner, John Forbes Nash, and Martin Shubik. Israeli economist Robert Aumann said Shapley was "the greatest game theorist of all time."
From 1981 until his death, Shapley was a professor at the University of California, Los Angeles (UCLA), serving at the time of his death as a professor emeritus there, affiliated with the Mathematics and Economics departments. He died on March 12, 2016, in Tucson, Arizona, after suffering from a broken hip, at the age of 92.
Shapley was an expert Kriegspiel player, and an avid baseball fan.
Contribution
Along with the Shapley value, stochastic games, the Bondareva–Shapley theorem (which implies that convex games have nonempty 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. According to The Economist, Shapley "may have thought of himself as a mathematician, but he cannot avoid being remembered for his huge contributions to economics". The American Economic Association noted that Shapley was "one of the giants of game theory and economic theory".
Besides, his early work with R. N. Snow and Samuel Karlin on matrix games was so complete that little has been added since. He has been instrumental in the development of utility theory, and it was he who laid much of the groundwork for the solution of the problem of the existence of Von Neumann–Morgenstern stable sets. His work with M. Maschler and B. Peleg on the kernel and the nucleolus, and his work with Robert Aumann on nonatomic games and on longterm competition have all appeared in economic theory.
Shapley argued with his sons about whether he should accept the Nobel Prize at all. He opined that his father, the astronomer Harlow Shapley, deserved it more. His sons persuaded him to accept it and accompanied him to Stockholm.
Awards and honors
 Bronze Star, U.S. Army Air Corps, 1944
 Procter Fellow, Princeton University, 1951–52
 Fellow, Econometric Society, 1967
 Fellow, American Academy of Arts and Sciences, 1974
 Member, National Academy of Sciences, 1978
 John von Neumann Theory Prize, 1981
 Honorary Ph.D., Hebrew University of Jerusalem, 1986
 Fellow, INFORMS (Institute for Operations Research and the Management Sciences), 2002
 Distinguished Fellow, American Economic Association, 2007
 Fellow, American Mathematical Society, 2012
 Sveriges Riksbank Nobel Memorial Prize in Economic Sciences, 2012
 Golden Goose Award, 2013
Selected publications
 A Value for nperson Games [1953], In Contributions to the Theory of Games volume II, H. W. Kuhn and A. W. Tucker (eds.).
 Stochastic Games [1953], Proceedings of National Academy of Science Vol. 39, pp. 1095–1100.
 A Method for Evaluating the Distribution of Power in a Committee System [1954] (with Martin Shubik), American Political Science Review Vol. 48, pp. 787–792.
 College Admissions and the Stability of Marriage [1962] (with David Gale), The American Mathematical Monthly Vol. 69, pp. 9–15.
 Simple Games : An Outline of the Descriptive Theory [1962], Behavioral Science Vol. 7, pp. 59–66.
 On Balanced Sets and Cores [1967], Naval Research Logistics Quarterly Vol. 14, pp. 453–460.
 On Market Games [1969] (with Martin Shubik), Journal of Economic Theory Vol. 1, pp. 9–25.
 Utility Comparison and the Theory of Games [1969], La Decision, pp. 251–263.
 Cores of Convex Games [1971] International Journal of Game Theory Vol. 1, pp. 11–26.
 The Assignment Game I: The Core [1971] (with Martin Shubik), International Journal of Game Theory Vol. 1, pp. 111–130.
 Values of NonAtomic Games [1974] (with Robert Aumann), Princeton University Press.
 Mathematical Properties of the Banzhaf Power Index [1979] (with Pradeep Dubey), Mathematics of Operations Research Vol. 4, pp. 99–132.
 LongTerm Competition – A GameTheoretic Analysis [1994] (with Robert Aumann), in Essays in Game Theory: In Honor of Michael Maschler, Nimrod Megiddo (ed.), SpringerVerlag.
 Potential Games [1996] (with Dov Monderer), Games and Economic Behavior Vol. 14, pp. 124–143.
 On Authority Distributions in Organizations [2003] (with Xingwei Hu), Games and Economic Behavior Vol. 45, pp. 132–152, 153–170.
 Multiperson Utility [2008] (with Manel Baucells). Games and Economic Behavior Vol. 62, pp. 329–347.
See also
In Spanish: Lloyd Shapley para niños
 Matching theory (economics)
James Van Der Zee 
Alma Thomas 
Ellis Wilson 
Margaret TaylorBurroughs 