Which award did Lloyd Shapley receive in 1981?
Fields Medal
Nobel Prize
Pulitzer Prize
von Neumann Theory Prize
Answer
The von Neumann Theory Prize is awarded annually by the Institute for Operations Research and the Management Sciences (INFORMS) to recognize outstanding contributions to Theory of operations research. Lloyd Shapley received this prestigious award in 1981 for his groundbreaking work in game theory, particularly his development of the Shapley value, a solution concept for cooperative games.
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