What the Nash Equilibrium Can and Cannot Tell Us

At the turn of the 1950s the greatest minds of America gathered in a secret location (which may or may not have looked like a scene out of Dr. Strangelove). We now know this secret location was the RAND. Corporation’s HQ in sunny Santa Monica, and in attendance was John Forbes Nash.

Nash had been selected to join the global policy think tank in order to advise the government on how to overcome the menace of communism posed by the Soviet Union. His inclusion was based on the Ph.D thesis he had completed just months before. His dissertation was titled “Non-Cooperative Games” and represented a major development in the understanding of game theory.

Read the full article on Vice

 

Written by Theo Jolliffe

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