Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). Nash equilibrium is a game theory state where a change in one participant's ...

The usual justification for Nash equilibrium behavior involves (at least implicitly) the assumption that it is common knowledge among the players both that the Nash equilibrium in question will be ...

We study the problem of implementing social choice correspondences using the concept of undominated Nash equilibrium, i.e. Nash equilibrium in which no one uses a weakly dominated strategy. We show ...

James Chen, CMT is an expert trader, investment adviser, and global market strategist. Erika Rasure is globally-recognized as a leading consumer economics subject matter expert, researcher, and ...

The duo described ‘games’ in its simplest form – when one man’s gain is another man’s loss. Nash, however, questioned the proposition and asked what would be the best response in case one player had ...

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 ...

JOHN NASH arrived at Princeton University in 1948 to start his PhD with a one-sentence recommendation: “He is a mathematical genius”. He did not disappoint. Aged 19 and with just one undergraduate ...