Instant Scholar: John Nash’s ‘Non-Cooperative Games’; a foundational work in ‘Game Theory’ – The Times of India
Graphical depiction of a Prisoner’s Dilemma showcasing individual rationality leading to suboptimal outcomes for all players. (Representative AI image by Denny) John Nash’s 1950 PhD dissertation Non-Cooperative Games is a seminal contribution to the field of game theory, introducing the concept of Nash equilibrium, which has since become a fundamental principle in economics, mathematics, and…