Influence & incorporation: John Forbes Nash and the “Nash Equilibrium”
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John Forbes Nash Jr . ( 1928 – 2015 )
John Forbes Nash Jr. was born in Bluefield, West Virginia, on June 13, 1928 and was named after his father, who was an electrical engineer. His mother, Margaret Virginia (née Martin), was a school teacher before her marriage, teaching English and sometimes Latin. After attending the standard schools in Bluefield, Nash entered the Carnegie Institute of Technology in Pittsburgh (now Carnegie Mell...
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ly conceived, a two-person bargaining problem consists of a set of feasible contracts, with associated payoffs to each bargainer. As Edgeworth, von Neumann and Morgenstern, and others had observed, it is reasonable to suppose that the chosen contract will satisfy: • Efficiency: No other feasible contract offers both bargainers a higher payoff. However, this requirement typically leaves a large ...
متن کاملNash equilibrium
In game theory, Nash equilibrium (named after John Forbes Nash, who proposed it) is a solution concept of a game involving two or more players, in which each player is assumed to know the equilibrium strategies of the other players, and no player has anything to gain by changing only his own strategy unilaterally. If each player has chosen a strategy and no player can benefit by changing his or...
متن کاملNash Equilibrium and Dynamics
Presented at the Opening Panel of the Conference in Honor of John Nash’s 80th Birthday at Princeton University in June 2008. Updated: October 2010. Center for the Study of Rationality, Institute of Mathematics, and Department of Economics, The Hebrew University of Jerusalem. e-mail : [email protected] web page: http://www.ma.huji.ac.il/hart I have seen “nash equilibrium” in print, as if “nash” we...
متن کاملRefinements of Nash Equilibrium
In game theory, “refinement” refers to the selection of a subset of equilibria, typically on the grounds that the selected equilibria are more plausible than other equilibria. These notes are a brief, largely informal, survey of some of the most heavily used refinements. Throughout, “equilibria” means Nash equilibria (NE), unless I state otherwise explicitly. And throughout, I assume that the g...
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ژورنال
عنوان ژورنال: Proceedings of the American Society for Information Science and Technology
سال: 2010
ISSN: 0044-7870
DOI: 10.1002/meet.14504701311