Friday, January 13, 2006


Subject of the Day

Game Theory.

This mathematical field was developed by von Neumann and Morgenstern in their "Theory of Games and Economic Behavior".

Morgenstern focused his attention on its application to business and economic behavior, while von Neumann took it into a greater variety of areas, including military studies and computer science, and is substantially more well known.

Game theory was made famous with John Nash and the depiction of him in A Beautiful Mind.

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