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A Beautiful Mind : A Beautiful Mind

Decent Essays

After winning the Nobel Prize, John Nash continued to work, travel, and speak in conferences. His life and struggles with mental illness were chronicled in the 2001 American biographical drama, A Beautiful Mind, which starred Russell Crowe as Nash and Jennifer Connelly as Alicia. The publicity which came along with winning the Nobel and later with the film, made Nash much more renowned worldwide and put him in a much more comfortable financial position. On May 23, 2015, Nash and Alicia were tragically killed in a collision in New Jersey, US. They had been on their way home from the airport after a visit to Norway, where Nash had won the prestigious Abel Prize. He was 86 years old. Economists use various tools to predict economic outcomes, and one the most vital tools at their disposal is the Nash equilibrium. Nash equilibrium is a solution to a non-cooperative game where players, knowing the playing strategies of their opponent(s), have no incentive to change their strategy. A non-cooperative game is when each player makes the best decision for themselves without knowing the strategy of the other players. This is the opposite of cooperative game theory, where the parties in a conflict strike a deal between each other through cooperation and are forced to follow cooperative behaviour through binding contracts. An example of non-cooperative game is the Prisoner’s Dilemma, where two criminals, who were partners in a brutal murder, are held in separate prison cells and are

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