1994
John Nash
Picture
(1928 - 2015)
Nationality
USA
Area of specialisation
Game theory
Price Motivation
For his pioneering analysis of equilibrium in the theory of non cooperative games
Affiliation at the time of Award
Princeton university
CONTRIBUTION
1 games that now is called Introduced the distinction between cooperative games, in which binding agreements can be made, and non cooperative games, where binding agreements are not feasible. Developed an equilibrium concept for non co-operative Nash equilibrium.
PUBLICATIONS
1 Equilibrium points in N person games(1950) 2 The bargaining problem (1950) 3 Non- cooperative games(1951) 4 Two person cooperative games (1953