- John Forbes Nash Jr.
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Neumann, a Hungarian-born polymath.
- The Game Theory Society which was started in to promote the teaching and application of game theory says the Economics discipline studies strategic interaction in competitive and co-operative environments. Game theory has already revolutionized Economics, and is applied in a wide variety of fields including computer science, neuroscience, philosophy, and evolutionary biology.
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- Very few companies nowadays think about strategy without adding a bit of game theory. The idea of business as a game, in the sense that a move by one player sparks off moves by others, runs through much strategic thinking.
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- Conversely, a non-cooperative game lacks a higher authority to impose agreements on both sides. In , game theory became even more fashionable thanks to A Beautiful Mind, the Oscar-winning Hollywood film based on Nashs life.
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After all, isn t.
- Game theory offers a tool for strategic thinking. It can be thought of as the art of beating your rivals, knowing that they are trying to do the same to you.
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