Nobel Prize winner Lloyd Shapeley passed away

The World famous Mathematician ,Economist and Nobel laureate Lloyd S Shapeley passed away at 92 in Arizon, USA.

About Lloyd S Shapeley

• He was born in 1923 in Cambridge, USA
• He graduated from Harvard as well as Princeton university
• He was the creator of the game ‘so long sucker’
• He also worked as a professor at the University of California from 1981 till his death

Lloyd and his Game theory

• Game theory is said to be study of mathematical models of conflict and support between rational decision makers and intelligent
• Game theory is used across various disciplines such as economics, psychology,political science,computer science ,logic and even in biology
• He was awarded with the Nobel Memorial prize in statistics in 2012 for his theory of stable allocations and Game theory of economics field

Lloyd and his important theories

• Stochastic games, Shapley value, Shapley-Shubik power index, Bondareva shapley theorem, the snow-shapley theorem for matrix games and Gale-Shapley algorithm

Awards received by Lloyd

• John Van Neumann theory prize in 1981
• Golden goose award in 2013