John nash nobel prize speech 1994 toyota
John nash nobel prize speech 1994 toyota
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Sveriges Riksbank Prize in Economic Sciences /Nobel Prize in Economics: 1994
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1994 was awarded jointly to John C.
Harsanyi, John F. Nash Jr. and Reinhard Selten "for their pioneering analysis of equilibria in the theory of non-cooperative games."
Work
John F. Nash is the only person who has been awarded both the Economic Sciences Nobel Prize and the Abel Prize in Mathematics.
He received the Economic Sciences Prize for his work in game theory, more specifically the Nash equilibrium theory. He introduced the distinction between cooperative games in which binding agreements can be made and non-cooperative games where binding agreements are not feasible.
He also did ground-breaking work in other mathematics and developed the Nash embedding theorem.
"Through their contributions to equilibrium analysis in non-cooperative game theory, the three laureates constitute a natural combination," noted the Swedish