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 ...

JOHN NASH may be best known for being portrayed by Russell Crowe in the biopic “A Beautiful Mind”, but his essential and lasting contribution is in the world of economics. In 1994 he shared the Nobel ...

Game theory is now part of almost every economist's tool-kit, as this week's Nobel economics prize recognises IT SOUNDS like a sports fan's dream. In Stockholm on October 11th, three men shared a $1m ...

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 ...