John Nash and the analysis of strategic behavior
This essay describes one economist’s view of how four extraordinary papers by John Nash, two on non-cooperative game theory [Proceedings of the National Academy of Sciences, USA 36 (1950b) 48–49; Annals of Mathematics 54 (1951) 286–295] and two on the theory of bargaining [Econometrica 18 (1950a) 15...
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Published in | Economics letters Vol. 75; no. 3; pp. 377 - 382 |
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Main Author | |
Format | Journal Article |
Language | English |
Published |
Elsevier B.V
01.05.2002
Elsevier |
Series | Economics Letters |
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Abstract | This essay describes one economist’s view of how four extraordinary papers by John Nash, two on non-cooperative game theory [Proceedings of the National Academy of Sciences, USA 36 (1950b) 48–49; Annals of Mathematics 54 (1951) 286–295] and two on the theory of bargaining [Econometrica 18 (1950a) 155–162; Econometrica 21 (1953) 128–140], influenced the development of game theory as a tool for analyzing strategic behavior. |
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AbstractList | This essay describes one economist’s view of how four extraordinary papers by John Nash, two on non-cooperative game theory [Proceedings of the National Academy of Sciences, USA 36 (1950b) 48–49; Annals of Mathematics 54 (1951) 286–295] and two on the theory of bargaining [Econometrica 18 (1950a) 155–162; Econometrica 21 (1953) 128–140], influenced the development of game theory as a tool for analyzing strategic behavior. |
Author | Crawford, Vincent P |
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Cites_doi | 10.1257/jel.37.3.1067 10.2307/1969529 10.2307/1906951 10.1006/jeth.1996.0042 10.1073/pnas.36.1.48 10.1007/BF01448847 10.2307/1907266 |
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References | Harsanyi, Selten (BIB4) 1988 Cournot, A., 1838. Recherches sur les principes mathematiques de la theorie de la richess, Hachette, Paris; [English translation, 1927, by N.T. Bacon, Researches into the mathematical principles of the theory of wealth, MacMillan, New York]. Nash (BIB8) 1950; 36 Von Neumann, J., 1928, Zur theorie der gesellschaftsspiele, Mathematische Annalen 100, 295–320; [English translation, 1959, by Sonya Bargmann, In: Tucker, A.W., Luce, R.D. (Eds.), Contributions to the Theory of Games, Vol. 4, Annals of Mathematics Study No. 40, Princeton University Press, Princeton, NJ]. Nash (BIB10) 1953; 21 Schelling, T., 1960. The Strategy of Conflict, 2nd Edition, 1980. Harvard University Press, Cambridge, MA. Von Neumann, J., Morgenstern, O., 1944. 2nd Edition, 1947, 3rd Edition, 1953, Theory of Games and Economic Behavior, John Wiley and Sons, New York, NY. Nash (BIB9) 1951; 54 Crawford (BIB2) 1991 Nash (BIB7) 1950; 18 Kuhn, Harsanyi, Selten, Weibull, Van Damme, Nash, Hammerstein (BIB5) 1996; 69 Edgeworth (BIB3) 1881 Myerson (BIB6) 1999; 37 Crawford (10.1016/S0165-1765(01)00624-3_BIB2) 1991 Kuhn (10.1016/S0165-1765(01)00624-3_BIB5) 1996; 69 Nash (10.1016/S0165-1765(01)00624-3_BIB8) 1950; 36 10.1016/S0165-1765(01)00624-3_BIB13 Nash (10.1016/S0165-1765(01)00624-3_BIB7) 1950; 18 10.1016/S0165-1765(01)00624-3_BIB12 Harsanyi (10.1016/S0165-1765(01)00624-3_BIB4) 1988 Nash (10.1016/S0165-1765(01)00624-3_BIB10) 1953; 21 Edgeworth (10.1016/S0165-1765(01)00624-3_BIB3) 1881 10.1016/S0165-1765(01)00624-3_BIB1 Nash (10.1016/S0165-1765(01)00624-3_BIB9) 1951; 54 10.1016/S0165-1765(01)00624-3_BIB11 Myerson (10.1016/S0165-1765(01)00624-3_BIB6) 1999; 37 |
References_xml | – start-page: 265 year: 1991 end-page: 294 ident: BIB2 article-title: Thomas Schelling and the analysis of strategic behavior publication-title: Strategy and Choice contributor: fullname: Crawford – year: 1988 ident: BIB4 publication-title: A General Theory of Equilibrium Selection in Games contributor: fullname: Selten – volume: 21 start-page: 128 year: 1953 end-page: 140 ident: BIB10 article-title: Two-person cooperative games publication-title: Econometrica contributor: fullname: Nash – volume: 69 start-page: 153 year: 1996 end-page: 185 ident: BIB5 article-title: The work of John Nash in game theory: Nobel seminar, December 8, 1994 publication-title: Journal of Economic Theory contributor: fullname: Hammerstein – volume: 37 start-page: 1067 year: 1999 end-page: 1082 ident: BIB6 article-title: Nash equilibrium and the history of economic theory publication-title: Journal of Economic Literature contributor: fullname: Myerson – volume: 36 start-page: 48 year: 1950 end-page: 49 ident: BIB8 article-title: Equilibrium points in publication-title: Proceedings of the National Academy of Sciences, USA contributor: fullname: Nash – year: 1881 ident: BIB3 publication-title: Mathematical Psychics contributor: fullname: Edgeworth – volume: 54 start-page: 286 year: 1951 end-page: 295 ident: BIB9 article-title: Non-cooperative games publication-title: Annals of Mathematics contributor: fullname: Nash – volume: 18 start-page: 155 year: 1950 end-page: 162 ident: BIB7 article-title: The bargaining problem publication-title: Econometrica contributor: fullname: Nash – year: 1988 ident: 10.1016/S0165-1765(01)00624-3_BIB4 contributor: fullname: Harsanyi – volume: 37 start-page: 1067 year: 1999 ident: 10.1016/S0165-1765(01)00624-3_BIB6 article-title: Nash equilibrium and the history of economic theory publication-title: Journal of Economic Literature doi: 10.1257/jel.37.3.1067 contributor: fullname: Myerson – start-page: 265 year: 1991 ident: 10.1016/S0165-1765(01)00624-3_BIB2 article-title: Thomas Schelling and the analysis of strategic behavior contributor: fullname: Crawford – volume: 54 start-page: 286 year: 1951 ident: 10.1016/S0165-1765(01)00624-3_BIB9 article-title: Non-cooperative games publication-title: Annals of Mathematics doi: 10.2307/1969529 contributor: fullname: Nash – volume: 21 start-page: 128 year: 1953 ident: 10.1016/S0165-1765(01)00624-3_BIB10 article-title: Two-person cooperative games publication-title: Econometrica doi: 10.2307/1906951 contributor: fullname: Nash – volume: 69 start-page: 153 year: 1996 ident: 10.1016/S0165-1765(01)00624-3_BIB5 article-title: The work of John Nash in game theory: Nobel seminar, December 8, 1994 publication-title: Journal of Economic Theory doi: 10.1006/jeth.1996.0042 contributor: fullname: Kuhn – ident: 10.1016/S0165-1765(01)00624-3_BIB13 – ident: 10.1016/S0165-1765(01)00624-3_BIB11 – volume: 36 start-page: 48 year: 1950 ident: 10.1016/S0165-1765(01)00624-3_BIB8 article-title: Equilibrium points in n-person games publication-title: Proceedings of the National Academy of Sciences, USA doi: 10.1073/pnas.36.1.48 contributor: fullname: Nash – ident: 10.1016/S0165-1765(01)00624-3_BIB12 doi: 10.1007/BF01448847 – year: 1881 ident: 10.1016/S0165-1765(01)00624-3_BIB3 contributor: fullname: Edgeworth – volume: 18 start-page: 155 year: 1950 ident: 10.1016/S0165-1765(01)00624-3_BIB7 article-title: The bargaining problem publication-title: Econometrica doi: 10.2307/1907266 contributor: fullname: Nash – ident: 10.1016/S0165-1765(01)00624-3_BIB1 |
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SubjectTerms | Bargaining Bargaining theory Econometrics Economics Economists Game theory John F. Nash John Nash Mathematics Strategic behavior Strategic behaviour |
Title | John Nash and the analysis of strategic behavior |
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