Origins & Early Life

Lloyd Stowell Shapley (; June 2, 1923 – March 12, 2016) was an American mathematician and Nobel Memorial Prize-winning 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.

Pivotal Works & Achievements

Roth, Shapley won the 2012 Nobel Memorial Prize in Economic Sciences "for the theory of stable allocations and the practice of market design." 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.

Enduring Legacy & Impact

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 non-additive set...

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• 1923 Historical Timeline & Archive — Explore world events and figures from 1923
• June 2 (06-02) On This Day — Historical birthdays and events on June 2
• 2016 Historical Timeline & Archive — Explore world events and figures from 2016
• March 12 (03-12) On This Day — Historical events and memorials on March 12