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John Nash and His Beautiful Mind – Economic Insight and Thoughts on the Equilibrium Game
John Nash and his beautiful mind are of interest in the theory of games and worthy to consider. In his Equilibrium Theory he discusses the concept of games, fairness, advantage, strategy and its players. His theory is quite simple and hard to dismiss. But does such a perfect game exist in free markets? In fact one has to ask if free markets actually exist.
Thoughts on the Nash Cournot Equilibrium TheoryEconomics are fun to think about and John Nash Nobel Prize Winner in Economics indeed had something to say about it. He theorized that if each player of a game continued their strategy and maintained their individual effort that no player of the game, no matter how many would have an advantage no matter how long the game were played as long as the rules remained the same.
