Game theory and Nash equilibrium

Description

If you haven’t watched the movie “A Beautiful Mind”, you should. It is about John Nash (played by Russell Crowe) who won the Nobel Prize in economics for his foundational contributions to game theory. This is what this tutorial is about. Nash put some structure around how players in a “game” can optimize their outcomes (if the movie is to be fully believed, this insight struck him when he realized that if all his friends hit on the most pretty girl, he should hit on the second-most pretty one). In this tutorial, we use the classic “prisoner’s dilemma” to highlight this concept.


Part of Microeconomics


Have you tried this resource? Help someone out by sharing your thoughts!

Write a review

More Ways to Learn Game Theory

Game Theory with Ben Polak
Yale University
Game Theory with Ben Polak
High School - College | Free
  Game Theory
PatrickJMT
Game Theory
High School - College | Free
Nonzero: The Logic of Human Destiny
Robert Wright
Nonzero: The Logic of Human Destiny
College | $5