John Nash

The Beautiful Mind of John Forbes Nash

The Beautiful Mind of John Forbes Nash

On June 13, 1928, American mathematician John Forbes Nash Jr. was born. Nash made fundamental contributions to game theory, differential geometry, and the study of partial differential equations. His work has provided insight into the factors that govern chance and decision-making inside complex systems found in everyday life. John Nash is the only person to be awarded both the Nobel Memorial Prize in Economic Sciences and the Abel Prize. “You don’t have…
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Reinhard Selten – Game Theory and Experimental Economics

Reinhard Selten – Game Theory and Experimental Economics

On October 5, 1930, German economist and Nobel Laureate Reinhard Selten was born. Selten is well known for his work in bounded rationality and can be considered as one of the founding fathers of experimental economics. For his work in game theory, Selten won the 1994 Nobel Memorial Prize in Economic Sciences (shared with John Harsanyi and John Nash). “I was always skeptical about authority, about things which were told by authorities, because I…
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