Holt, Charles A., and Alvin E. Roth. "The Nash Equilibrium: A Perspective." Proceedings of the National Academy of Sciences 101, no. 12 (March 23, 2004): 3999–4002.
If you think that there are decent societies, then you probably also believe it is possible for most people to be decent in a Nash equilibrium. That is because any long-run social outcome is close to ...
In 1950, John Nash — the mathematician later featured in the book and film “A Beautiful Mind” — wrote a two-page paper that transformed the theory of economics. His crucial, yet utterly simple, idea ...
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