The concept of Nash equilibrium has long served as a cornerstone in game theory, characterising a state where no player can benefit by changing their strategy unilaterally. Recent advancements have ...

If you think that there are decent societies, then you probably also believe it is possible for most people to be decent in a Nash equilibrium. That is because any long-run social outcome is close to ...

What does it mean to behave rationally? This question sounds like a problem for philosophers. Yet mathematicians also have something to say about it. In the last few decades, game theory—the ...

John Nash, who died with his wife, Alicia, in a car crash Saturday at 86, was a mathematician, not an economist. But the phenomenon he described — known as Nash’s Equilibrium — revolutionized the ...

Getting your Trinity Audio player ready... The world will be a poorer place without John Nash, one of the pioneers of game theory, who died Saturday at 86 in a car crash along with his wife. Most Nash ...