Holt, Charles A., and Alvin E. Roth. "The Nash Equilibrium: A Perspective." Proceedings of the National Academy of Sciences 101, no. 12 (March 23, 2004): 3999–4002.
- (game theory) a stable state of a system that involves several interacting participants in which no participant can gain by a change of strategy as long as all the other participants remain ...
In 1950, John Nash — the mathematician later featured in the book and film “A Beautiful Mind” — wrote a two-page paper that transformed the theory of economics. His crucial, yet utterly simple, idea ...
Genuinely new, genuinely brilliant ideas in mathematics are hard to come by. Undergraduate maths, for example, contains few topics imagined after 1950. That John Nash made ground-breaking ...