Lloyd Shapley's work influenced which modern practice?
Internet Advertising
Market Design
Clinical Trials
Urban Planning
Answer
Market Design, a modern practice, was influenced by Lloyd Shapley's work. Market Design involves the creation of rules and mechanisms for allocating goods and services in markets where supply and demand are complex and traditional market mechanisms may not be efficient or fair. Shapley's research on game theory and matching algorithms provided theoretical foundations for designing markets that achieve desirable outcomes, such as stability, efficiency, and fairness.
Lloyd Shapley Challenge: 31 Questions to Test Your Mastery
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