Lloyd Shapley's notable theory in economics is used for?
Predicting Stock Markets
Designing Auctions
Allocating School Seats
Regulating Monopolies
Answer
Lloyd Shapley's notable theory in economics, known as the Shapley-Gale algorithm, is used to allocate school seats fairly. It considers both the preferences of students and schools to find a stable matching, ensuring that no student or school can be made better off by switching their assigned seats. This algorithm has been widely adopted in school choice systems around the world, helping to ensure equitable and efficient allocation of seats.
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