UCLA professor Lloyd Shapley wins Nobel economics prize
By Loic Hostetter
Oct. 15, 2012 12:17 p.m.
Lloyd Shapley, a UCLA professor emeritus of mathematics and economics, and a Harvard University professor were awarded the Nobel economics prize for their joint research, the Royal Swedish Academy of Sciences announced Monday.
Shapley and Alvin Roth, an economics professor at Harvard, received the award for their work explaining the algorithm behind how different actors match up – for example, how human organs get paired with transplant recipients, according to a press release from the academy.
Shapley is the sixth UCLA faculty member to win a Nobel Prize.
Sveriges Riksbank, Sweden’s central bank, established the award in 1968 in memory of Alfred Nobel, a Swedish chemist and engineer.
Shapley could not immediately be reached for comment.
Compiled by Jillian Beck, Bruin senior staff.
