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 Let's Think About it, Before it Gets Nashty 
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Joined: Mon Apr 11, 2011 6:55 pm
Posts: 6457
Post Let's Think About it, Before it Gets Nashty
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Nash Equilibrium

American mathematician John Nash received the 1994 Nobel Prize in Economics. His prize-winning work appeared almost half a century earlier in his slender 27 page doctoral thesis written at the age of 21.

In game theory, the Nash Equilibrium concerns games involving two or more players, where no player has anything to gain by changing his strategy on his own. If each player has chosen a strategy and no player can benefit by changing his strategy while other players' strategies remain unchanged, then the current set of strategy choices is part of a Nash Equilibrium. In 1950, Nash was the first to show in his dissertation, "Non-cooperative Games," that Nash equilibria for mixed strategies must exist for all finite games with an arbitrary number of players.

Today, game theory has relevance in studying human conflict and bargaining and to the behavior of animal populations.


Thu Mar 01, 2012 7:56 am
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Joined: Sat Apr 09, 2011 4:40 pm
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Post Re: Let's Think About it, Before it Gets Nashty
Thanks for this, Royal...I'll do some more reading on it.

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“Integrity has no need of rules.”

-Albert Camus


Thu Mar 08, 2012 6:48 am
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Post Re: Let's Think About it, Before it Gets Nashty
Reminder to all sides.


Fri Jan 06, 2017 8:27 am
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