So Long Lloyd Shapley, Father of Game Theory
Mathematician and emeritus professor at UCLA Dr. Lloyd Shapely, who shared the 2012 Novel Memorial Prize in Economic Science for his work on game theory, passed away recently at 92.
Dr. Shapely's work related to game theory, the aim of which is to explain the choices that competitors make in situations that required strategic thinking, has been used to study subjects including matching couples and allocating costs.
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".