John nash - wikipedia

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John Nash, john harsanyi, and reinhard selten shared the 1994 Nobel Prize in economics “for their pioneering analysis of equilibria in the theory of non-cooperative games.” In other words, Nash received the Nobel prize for his work in game theory.

Except for one course in economics that he took at Carnegie Institute of Technology (now Carnegie Mellon) as an undergraduate in the late 1940s, Nash has no formal training in economics. He earned his Ph.D. in mathematics at Princeton University in 1950. The Nobel Prize he received forty-four years later was mainly for the contributions he made to game theory in his 1950 Ph.D. dissertation.

In this work, Nash introduced the distinction between cooperative and noncooperative games. In cooperative games, players can make enforceable agreements with other players. In noncooperative games, enforceable agreements are impossible; any cooperation that occurs is self-enforced. That is, for cooperation to occur, it must be in each player’s interest to cooperate.

Nash’s major contribution is the concept of equilibrium for no

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John Forbes Nash Jr.

American mathematician (1928–2015)

John Forbes Nash Jr. (June 13, 1928 – May 23, 2015), known and published as John Nash, was an American mathematician who made fundamental contributions to game theory, real algebraic geometry, differential geometry, and partial differential equations.^[1]^[2] Nash and fellow game theorists John Harsanyi and Reinhard Selten were awarded the 1994 Nobel Prize in Economics. In 2015, he and Louis Nirenberg were awarded the Abel Prize for their contributions to the field of partial differential equations.

As a graduate student in the Princeton University Department of Mathematics, Nash introduced a number of concepts (including Nash equilibrium and the Nash bargaining solution) which are now considered central to game theory and its applications in various sciences. In the 1950s, Nash discovered and proved the Nash embedding theorems by solving a system of nonlinear partial differential equations arising in Riemannian geometry. This work, also introducing a preliminary form of the Nash–Moser theorem

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Quick Info

Born

13 June 1928
Bluefield, West Virginia, USA

Died

23 May 2015
New Jersey, USA

Summary

John Nash was an American mathematician who won the Nobel Prize for Economics for his work in game theory. He achieved fame through the film A Beautiful Mind.

Biography

John F Nash's father, also called John Forbes Nash so we shall refer to him as John Nash Senior, was a native of Texas. John Nash Senior was born in 1892 and had an unhappy childhood from which he escaped when he studied electrical engineering at Texas Agricultural and Mechanical. After military service in France during World War I, John Nash Senior lectured on electrical engineering for a year at the University of Texas before joining the Appalachian Power Company in Bluefield, West Virginia. John F Nash's mother, Margaret Virginia Martin, was known as Virginia. She had a university education, studying languages at the Martha Washington College and then at West Virginia University. She was a school teacher for ten years before meeting John Nash Senior, and the two were married on 6 Septemb