Oskar Morgenstern

Kurt Gödel Shaking the Very Foundations of Mathematics

Kurt Gödel Shaking the Very Foundations of Mathematics

On April 28, 1906, Kurt Gödel was born. He was one of the most significant logicians of all time. Gödel made an immense impact upon scientific and philosophical thinking in the 20th century, a time when many, such as Bertrand Russell, A. N. Whitehead and David Hilbert, were pioneering the use of logic and set theory to understand the foundations of mathematics. “Either mathematics is too big for the human mind, or the human…
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Oskar Morgenstern and the Game Theory

Oskar Morgenstern and the Game Theory

On January 24, 1902, German-American economist and mathematician Carl Friedrich Alfred Oskar Morgenstern was born. Morgenstern popularized “game theory” which mathematically analyzes behaviour of man or animals in terms of strategies to maximize gains and minimize losses. He coauthored Theory of Games and Economic Behavior (1944), with John von Neumann, which extended Neumann‘s 1928 theory of games of strategy to competitive business situations. “As far as the use of mathematics in economics…
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