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Economic Theories Of Harsanyi, Nash, Selten, Fogel, And North
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The theories of these five men: John C. Harsanyi, John Nash, Reinhard Selten, Robert W. Fogel, and Douglass C. North, made an abundant progress in the Economic Sciences in America and the economy. For these great accomplishments, these five were awarded the Noble Peace Prize in Economic Sciences ....
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....ves are likely to be"
Economists did not have an immediate success in applying their insights to a field whose preoccupation with the idea of "free competition" required that the ability of each particular participant to influence outcomes be negligible.
So instead, game theory found all kinds of immediate applications in the 1950's to problems of the Cold War, everything from airplane dog-fights to doctrines of massive retaliation. "In book '"Prisoner's Dilemma," writer William Poundstone reco.... |
| Number of words: 1404 |
Approximate pages: 6 |
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