Year 91 – 1951: “Non-cooperative Games” by John Nash, in: Annals of Mathematics 54 (2)
Published: Princeton, N.J., 1951 Over the past 60 years, game theory has been one of the most influential theories in the social sciences, pervasive in economics, political science, business administration, and military strategy – the disciplines most consulted by the powers-that-be for “real-world,” high-stakes decisions. But just as there would be no semiconductors or (God forbid) laser pointers if not for the abstruse mathematics of quantum theory, game theory can be traced back to theoretical work by academic mathematicians. In a set of papers in the 1950s, mathematician John Forbes Nash set forth breakthrough ideas that helped transform game theory […]