Alvin roth and lloyd shapley biography

Lloyd Shapley

For Lloyd Stowell Shapley's grand-uncle, the United States navy chieftain, see Lloyd Stowell Shapley.

American mathematician (1923–2016)

Lloyd Shapley

Shapley of great consequence 1980

Born

Lloyd Stowell Shapley


(1923-06-02)June 2, 1923

Cambridge, Massachusetts, U.S.

DiedMarch 12, 2016(2016-03-12) (aged 92)

Tucson, Arizona, U.S.

Alma materHarvard University (BA)
Princeton College (PhD)
Known forShapley 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
multi-person utility
non-atomic games
SpouseMarian Louise Shapley (since 1955)[2]
AwardsNobel Memorial Guerdon in Economic Sciences (2012)
Bronze Knowledge Medal (1944)
Golden Goose Award (2013)
John von Neumann Theory Prize (1981)
Scientific career
FieldsMathematics, economics
InstitutionsUniversity of Calif., Los Angeles
RAND Corporation
Princeton University
ThesisAdditive gain non-additive set functions (1953)
Doctoral advisorAlbert Exposed.

Tucker[1]

Websitewww.econ.ucla.edu/shapley/

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

Shapley is usually considered one of the nigh important contributors to the event of game theory since primacy work of von Neumann swallow Morgenstern.[3] With Alvin E. Writer, Shapley won the 2012 Altruist Memorial Prize in Economic Sciences "for the theory of sound allocations and the practice sell market design."[4][5]

Life and career

Lloyd Stargazer was born on June 2, 1923, in Cambridge, Massachusetts, susceptible of the sons of astronomers Harlow Shapley and Martha Betz Shapley, both from Missouri.[6] Grace attended Phillips Exeter Academy abide was a student at University when he was drafted cut 1943.

He served in grandeur United States Army Air Ompany in Chengdu, China and standard the Bronze Star decoration get as far as breaking the Soviet weather code.[7]

After the war, Shapley returned highlight Harvard and graduated with effect A.B. in mathematics in 1948. After working for one vintage at the RAND Corporation, recognized went to Princeton University locale he received a Ph.D.

always 1953[8] based on the argument "Additive and non-additive set functions".[1][9] His thesis and post-doctoral outmoded introduced the Shapley value splendid the core solution in sport theory. Shapley defined game impression as "a mathematical study watch conflict and cooperation." After graduating, he remained at Princeton get into a short time before rob back to the RAND society from 1954 to 1981.

Find guilty 1950, while a graduate votary, Shapley invented the board operation So Long Sucker, along mess up Mel Hausner, John Forbes Writer, and Martin Shubik.[10] Israeli economist and Nobel Laureate Robert Aumann considered Shapley to be "the greatest game theorist of rivet time."[11]

From 1981 until his eliminate, Shapley was a professor hatred the University of California, Los Angeles (UCLA), serving at nobility time of his death bring in a professor emeritus there, banded together with the Mathematics and Money departments.

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He monotonous on March 12, 2016, burden Tucson, Arizona, after suffering stay away from a broken hip, at character age of 92.[4]

Shapley was modification expert Kriegspiel player, and distinctive avid baseball fan.[11]

Contribution

Along with nobleness Shapley value, stochastic games, probity Bondareva–Shapley theorem (which implies cruise convex games have non-empty cores), the Shapley–Shubik power index (for weighted or block voting power), the Gale–Shapley algorithm for nobility stable marriage problem, the form of a potential game (with Dov Monderer), the Aumann–Shapley sizing up assay, the Harsanyi–Shapley solution, the Snow–Shapley theorem for matrix games, impressive the Shapley–Folkman lemma & proposition bear his name.[12] According toady to The Economist, Shapley "may possess thought of himself as exceptional mathematician, but he cannot leave alone being remembered for his great contributions to economics".[13] The Earth Economic Association noted that Astronomer was "one of the giants of game theory and inferior theory".[12]

Besides, his early work polished R.

N. Snow and Prophet Karlin on matrix games was so complete that little has been added since. He has been instrumental in the awaken of utility theory, and close-fisted was he who laid practically of the groundwork for magnanimity solution of the problem invite the existence of Von Neumann–Morgenstern stable sets. His work take up again M. Maschler and B.

Peleg on the kernel and blue blood the gentry nucleolus, and his work junk Robert Aumann on non-atomic jubilation and on long-term competition receive all appeared in economic theory.[14]

Shapley argued with his sons volume whether he should accept goodness Nobel Prize at all. Without fear opined that his father, honesty astronomer Harlow Shapley, deserved dynamic more.

His sons persuaded him to accept it and attended him to Stockholm.[15]

Awards and honors

  • Bronze Star, U.S. Army Air Squad, 1944[7]
  • Procter Fellow, Princeton University, 1951–52[16]
  • Fellow, Econometric Society, 1967[16]
  • Fellow, American Faculty of Arts and Sciences, 1974[16]
  • Member, National Academy of Sciences, 1978[16]
  • John von Neumann Theory Prize, 1981[16]
  • Honorary Ph.D., Hebrew University of Jerusalem, 1986[16]
  • Fellow, INFORMS (Institute for Axis Research and the Management Sciences), 2002[17]
  • Distinguished Fellow, American Economic Society, 2007[18]
  • Fellow, American Mathematical Society, 2012[19]
  • Sveriges Riksbank Nobel Memorial Prize organize Economic Sciences, 2012[8]
  • Golden Goose Honour, 2013[20]

Selected publications

  • A Value for n-person Games [1953], In Contributions calculate the Theory of Games book II, H.

    W. Kuhn discipline A. W. Tucker (eds.).

  • Stochastic Entertainment [1953], Proceedings of National School of Science Vol. 39, pp. 1095–1100. doi:10.1073/pnas.39.10.1095
  • A Method for Evaluating loftiness Distribution of Power in first-class Committee System [1954] (with Player Shubik), American Political Science Review Vol.

    48, pp. 787–792.

  • College Admissions soar the Stability of Marriage [1962] (with David Gale), The Denizen Mathematical Monthly Vol. 69, pp. 9–15.
  • Simple Games : An Outline of primacy Descriptive Theory [1962], Behavioral Science Vol. 7, pp. 59–66.
  • On Balanced Sets and Cores [1967], Naval Delving Logistics Quarterly Vol.

    14, pp. 453–460.

  • On Market Games [1969] (with Actor Shubik), Journal of Economic Theory Vol. 1, pp. 9–25.
  • Utility Comparison put forward the Theory of Games [1969], La Decision, pp. 251–263.
  • Cores of Depressed Games [1971] International Journal depose Game Theory Vol.

    1, pp. 11–26.

  • The Assignment Game I: The Evaluate [1971] (with Martin Shubik), International Journal of Game Theory Vol. 1, pp. 111–130.
  • Values of Non-Atomic Games [1974] (with Robert Aumann), Town University Press.
  • Mathematical Properties of influence Banzhaf Power Index [1979] (with Pradeep Dubey), Mathematics of Description Research Vol.

    4, pp. 99–132.

  • Long-Term Compete – A Game-Theoretic Analysis [1994] (with Robert Aumann), in Essays in Game Theory: In Bless of Michael Maschler, Nimrod Megiddo (ed.), Springer-Verlag.
  • Potential Games [1996] (with Dov Monderer), Games and Worthless Behavior Vol. 14, pp. 124–143.
  • On Supremacy Distributions in Organizations [2003] (with Xingwei Hu), Games and Budgetary 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

References

  1. ^ abLloyd Stargazer at the Mathematics Genealogy Project
  2. ^Jain, C (March 15, 2016).

    "Spouse - source from NYTimes". The New York Times.

  3. ^Roth, A.E., Get underway to the Shapley Value, conduct yourself "The Shapley Value: Essays wear Honor of Lloyd S. Shapley", Cambridge University Press, 1988.
  4. ^ ab"Lloyd Shapley, a Nobel laureate teensy weensy economics, has died".

    The Economist. ISSN 0013-0613. Retrieved March 13, 2016.

  5. ^Roth, Al (March 12, 2016). "Lloyd S. Shapley 1923– 2016". Nature. 532 (7598): 178. Bibcode:2016Natur.532..178R. doi:10.1038/532178a. PMID 27075091. S2CID 4469185. Retrieved March 13, 2016.
  6. ^"MARTHA BETZ SHAPLEY".

    The Virgin York Times. January 27, 1981.

  7. ^ ab"Lloyd S. Shapley – Interview". Nobel Media AB. Retrieved Tread 13, 2016.
  8. ^ ab"Princeton alumnus Astronomer wins Nobel Prize".

    Princeton Hospital. October 15, 2012. Retrieved Stride 13, 2016.

  9. ^L.S. Shapley (1953). "Additive and non-additive set functions"(PDF). Retrieved May 13, 2021.
  10. ^Hausner, M., Writer, J. F., Shapley, L. Unmerciful. & Shubik, M., (1964), "So Long Sucker, A Four-Person Game", Game Theory and Related Approaches to Social Behavior, John Wiley & Sons, Inc., New York.
  11. ^ abHagerty, James, Lloyd Shapley: 1923–2016, Wall Street Journal, March 19–20, 2016, p.

    A7.

  12. ^ ab"Lloyd Shapley"(PDF). American Economic Association. Archived shun the original(PDF) on March 16, 2016. Retrieved March 13, 2016.
  13. ^"Matchmaker in heaven – Lloyd Stargazer, a Nobel laureate in accounts, has died". The Economist.

    Walk 13, 2016. Retrieved March 13, 2016.

  14. ^Diertele, David A. (August 8, 2013). Economic Thinkers: A Draw Encyclopedia. Abc-Clio. p. 385. ISBN . Retrieved March 13, 2016.
  15. ^Hagerty, James, Histrion Shapley: 1923–2016, Wall Street Document, March 19–20, 2016, p.A7
  16. ^ abcdef"Lloyd Stowell Shapley – Vita".

    UCLA. Retrieved March 13, 2016.

  17. ^"INFORMS – Fellows Class of 2002". League for Operations Research and rectitude Management Sciences. Archived from greatness original on March 14, 2016. Retrieved March 13, 2016.
  18. ^"Distinguished Fellows". American Economic Association. Retrieved Amble 13, 2016.
  19. ^List of Fellows short vacation the American Mathematical Society, retrieved July 18, 2013.
  20. ^"Market Design".

    Character Golden Goose Award. Retrieved Possibly will 27, 2015.

Further reading

Stable Marriage post Its Relation to Other Combinative Problems: An Introduction to rendering Mathematical Analysis of Algorithms, Donald E. Knuth, American Mathematical Chorus line, 1997 (English Translation.)

External links