Can someone explain John Nash's " Game Theory"?

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Can someone explain John Nash's " Game Theory"?

2007-03-08 21:00:53 · 2 answers · asked by sunil_sadrangani 1 in Science & Mathematics ➔ Mathematics

2 answers

To the best of my understanding Nash developed the idea of "cooperative game theory" which says that through cooperation entities can reap larger rewards than they can in direct competion models.

2007-03-08 21:10:53 · answer #1 · answered by hot carl sagan: ninja for hire 5 · 1⤊ 0⤋

does this have to do with behavioral economics??

is this where there are games and you make choices and based on the answers you end up with a study of what percentage of people made what choices?

i know there's the game theory in this subject...i don't know if it's the same name for different topics.

wikipedia should have the answer. i recently researched it.

2007-03-08 21:05:37 · answer #2 · answered by xyz 3 · 0⤊ 0⤋