A Nobel Prize for Game Theorists: The Contributions of Harsanyi, Nash and Selten | Zendy

Faruk Gül | Zendy

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A Nobel Prize for Game Theorists: The Contributions of Harsanyi, Nash and Selten

Author(s) -

Faruk Gül

Publication year - 1997

Publication title -

the journal of economic perspectives

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 9.614

H-Index - 196

eISSN - 1944-7965

pISSN - 0895-3309

DOI - 10.1257/jep.11.3.159

Subject(s) - economics , nash equilibrium , credibility , game theory , positive economics , mathematical economics , neoclassical economics , epistemology , philosophy

The purpose of this essay is to celebrate the contributions of John C. Harsanyi, John F. Nash, and Reinhard Selten to economics. The emphasis is on tracing the influence of their work on economic analysis rather than giving a detailed account of each of their contributions. The three researchers are identified with the three most important ideas in game theory: equilibrium, asymmetric information, and credibility. These three ideas have dominated not only theoretical research but also numerous other fields within economics since the 1950s.

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