Game theory studies interactive decision-making ... games where the interests of two players were strictly opposed. John Nash treated the more general and realistic case of a mixture of common ...

The economics committee first encountered John Nash's name in the mid-1980s. At that point game theory, the area where Nash did his Nobel-winning work, was as hot as any in the field of economics.

In the last few decades, game theory—the mathematical study of strategies and decision-making—has shed crucial light on the nature of rational behavior. In 1950, a young Princeton mathematics graduate ...

According to the paper, the design relies on a "pure strategy Nash Equilibrium." That refers to a game theory concept attributed to the Princeton University-educated mathematician John Nash ...

Nash equilibria are a fundamental concept in game theory, representing a state in which players in a game choose strategies that are optimal given the strategies chosen by other players.

Fact checked by Vikki Velasquez Reviewed by Michael J Boyle Game theory is the study of how and why players make decisions ...