Lloyd Shapley

Lloyd Shapley was a prominent mathematician and game theorist known for his contributions to cooperative game theory. He developed the Shapley value, a method for fairly distributing the total gains among participants based on their individual contributions to a group effort. His work helps explain how to allocate resources or rewards in situations where individuals collaborate, ensuring that each person's influence is appropriately recognized. The Shapley value is widely used in economics, political science, and beyond, providing a framework for understanding cooperation and fairness in competitive environments.