September 19, 2020 Breaking News, Latest News, and Videos

Nobel Prize Winner Lloyd S. Shapley Dies Aged 92:

Funeral services were pending today for Lloyd S. Shapley, a RAND Corp. researcher and UCLA professor emeritus who shared the 2012 Nobel Prize for economics for his work on the strategic decision-making "game theory."

Shapley died at age 92 in Tucson, Arizona. Officials at RAND said his health had declined in recent weeks after he suffered a broken hip. He died in his sleep sometime Saturday night or Sunday morning, according to RAND and UCLA.

"Professor Shapley was one of the giants of game theory," UCLA Chancellor Gene Block said. "His work in market design laid the foundation for advances in the matching of kidney donors with transplant recipients, in college admissions procedures and in assignment of children to public schools. The entire UCLA community joins professor Shapley’s family in mourning his passing."

Shapley shared the 2012 Nobel Prize with Alvin E. Roth. They were honored for their research on "the theory of stable allocations and the practice of market design." The research was based in part on work developed by Shapley in the 1960s, when he developed an algorithm that could be used to help match people seeking a spouse or students trying to choose the right college. His later research on the trading of "indivisible items" led to Roth’s development of a system for matching kidney donors and patients.

According to RAND, a conference was held in 2013 in Istanbul, Turkey, to discuss the "Shapley Value," which he developed in 1953 to value "the contribution of each individual to a group where the value of the whole is greater than the sum of its parts."

The Cambridge, Massachusetts, native served in the Army Air Corps in World War II and earned a Bronze Star for decrypting a Soviet weather code. He went on to earn degrees from Harvard and Princeton.

A chapter of the book "A Beautiful Mind" – later turned into an Oscar- winning, Ron Howard-directed film starring Russell Crowe – is dedicated to Shapley, who was a mentor and friend of the book’s subject, John Nash. Shapley described Nash as having "a keen, beautiful, logical mind."

"Lloyd Shapley, who is credited with naming the book and film ‘A Beautiful Mind,’ indeed possessed one of his own," said Michael D. Rich, president/CEO of RAND. "His contributions to game theory have and will continue to impact the field of economics for years to come."

Shapley was a research mathematician at RAND from 1948-50 and from 1954- 81, when he joined UCLA as a professor of economics and mathematics.

He is survived by his sons Peter and Christopher.

in News
Related Posts

4.6 Quake Felt in Santa Monica

September 19, 2020

September 19, 2020

4.6 magnitude quake recorded Friday night By Sam Catanzaro A 4.6 magnitude earthquake struck the San Gabriel Valley Friday sending...

Edify TV: Miramar Santa Monica Redevelopment

September 18, 2020

September 18, 2020

The Santa Monica skyline may look different in the future with a major redevelopment of the Fairmont Miramar Hotel &...

‘Fresh Prince Of Bel Air’ Mansion For Rent On AirBnb

September 18, 2020

September 18, 2020

Today on Westside Cribz, 30th anniversary of “The Fresh Prince of Bel Air” Airbnb is renting out the mansion for...

SMMUSD Kindergarten Enrollment Down 20% : Santa Monica Beat – September, 17, 2020

September 17, 2020

September 17, 2020

Local news and culture in under 5 minutes. * SMMUSD Kindergarten Enrollment Down 20% * As Covid-19 Cases Drop Will...

Edify TV: Sit-down Dining Safety?

September 17, 2020

September 17, 2020

Despite a recent CDC report stating the risks of in-person dining, many Westside restaurant patrons feel the experience is safe....

Sur La Table Closing Santa Monica Location

September 16, 2020

September 16, 2020

1930s building listed for lease By Sam Catanzaro Sur La Table, the popular kitchenware retail chain, is closing its downtown...

Death by Suicide at Santa Monica Place

September 16, 2020

September 16, 2020

Man dies by suicide Wednesday morning By Sam Catanzaro A man died by suicide at Santa Monica Place mall Wednesday....

Santa Monica Partners With Local Elementary Schools to Provide More Outdoor Spaces

September 16, 2020

September 16, 2020

Playground Partnership agreement goes live By Toi Creel The City of Santa Monica and local schools are working together to...

Charges Filed Against Man for Sexually Assaulting Elderly Victims

September 16, 2020

September 16, 2020

Juan Victor Mendoza faces four felony charges Prosecutors have filed charges against a man for sexually assaulting elderly victims at...

COVID-19 Continues to Decrease in County but Air Quality Reducing Testing

September 15, 2020

September 15, 2020

Smoke advisory in effect through Wednesday By Sam Catanzaro While COVID-19 cases continue to decrease in Los Angeles County, health...

Edify TV: Westsiders Working out Amid Poor Air Quality

September 15, 2020

September 15, 2020

With poor air quality due to wildfire smoke, local health officials are urging the public to avoid outdoor activity but...

COVID-19 Could Have Been in Area as Early as Last December

September 15, 2020

September 15, 2020

UCLA study reports significant increase in coughs and acute respiratory failure prior to first official cases of COVID-19 By Sam...

Willy California Wants Men to Rethink Their Closet

September 15, 2020

September 15, 2020

Local clothing line reimagines athleisure By Toi Creel With ranges in styles for men’s clothing from suits and professional clothing...

Police Searching For Robbery Suspects: Santa Monica Beat – September, 14, 2020

September 14, 2020

September 14, 2020

Local news and culture in under 5 minutes. * Police Searching For Robbery Suspects * Should School Board Representatives Have...