The Context of for Nash's Work: Von Neumann and Morgenstern
نویسنده
چکیده
Nash originated general non-cooperative game theory in seminal articles in the early 1950s by formally distinguishing between non-cooperative and cooperative models and by developing the concept of equilibrium for noncooperative games. Nash developed the first bargaining solution characterized by axioms, pioneered methods and criteria for relating cooperativetheory solution concepts and non-cooperative games, and also made fundamental contributions in mathematics. Nash was the 1994 recipient of the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel, jointly with John C. Harsanyi and Reinhard Selten.
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