Monday, May 25, 2015

John F. Nash Jr., Math Genius Defined by a ‘Beautiful Mind,’ Dies at 86 By ERICA GOODE N.Y.TIMES

''..Dr. von Neumann and Dr. Morgenstern, an economist at Princeton, addressed only so-called zero-sum games, in which one player’s gain is another’s loss. But most real-world interactions are more complicated; players’ interests are not directly opposed, and there are opportunities for mutual gain. Dr. Nash’s solution, contained in a 27-page doctoral thesis he wrote when he was 21, provided a way of analyzing how each player could maximize his benefits, assuming that the other players would also act to maximize their self-interest..''

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