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With Alvin E. Roth, Shapley won the 2012 Nobel Prize in Economics "for the theory of stable allocations and the practice of market design". In recent years, he worked at the University of California, Los Angeles.
Shapley was born in Cambridge, Massachusetts. He studied at Princeton University and at Harvard University. Shapley died on March 12, 2016 in Tucson, Arizona from complications of a broken hip. He was aged 92.
- Lloyd Shapley, a Nobel laureate in economics, has died. . http://www.economist.com/blogs/freeexchange/2016/03/matchmaker-heaven. Retrieved March 13, 2016.
- Roth, Al (March 12, 2016). "Lloyd S. Shapley 1923– 2016". http://marketdesigner.blogspot.com/2016/03/lloyd-s-shapley-1923-2016.html. Retrieved March 13, 2016.