The Nash equilibrium: a perspective.
In 1950, John Nash contributed a remarkable one-page PNAS article that defined and characterized a notion of equilibrium for n- person games. This notion, now called the "Nash equilibrium," has been widely applied and adapted in economics and other behavioral sciences. Indeed, game theory, with the Nash equilibrium as its centerpiece, is becoming the most prominent unifying theory of social science. In this perspective, we summarize the historical context and subsequent impact of Nash's contribution.
Holt
Charles A
CA
Department of Economics, University of Virginia, Charlottesville, VA 22904-4182, USA. cah2k@cms.mail.virginia.edu
Roth
Alvin E
AE
D004467:Economics / Q000706:statistics & numerical data*; D005716:Game Theory; D012942:Social Sciences / Q000706:statistics & numerical data*