John Nash and His Beautiful Mind - Economic Insight and Thoughts on the Equilibrium Game
John Nash and his beautiful mind are of interest in the theory of games and worthy to consider.
In his Equilibrium Theory he discusses the concept of games, fairness, advantage, strategy and its players.
His theory is quite simple and hard to dismiss.
But does such a perfect game exist in free markets? In fact one has to ask if free markets actually exist.
Personally, I believe there are new undiscovered moves if you study the game and thus I do enjoy his theory in this realm.
And can see his strong argument is difficult to break, however, can you show me such a game in economics or free markets? And to that point although I would submit to you that the static game does exist, but rarely in economics.
Indeed such simple games are often not those chosen by the most competitive men, as Vince Lombardi agrees.
That is to say strategies must be changed and players, teams and individuals work to exploit advantages.
Why wouldn't they? In the real world companies and entrepreneurs use many diverse tactics to tilt the field in their advantage rather than attempting to run redline against the pack.
I think I am therefore, I think; John Nash has a point, but it is pointless to ignore the only constant that is change or someone once said.
In games change is often chance and change is innately part of free-markets as well, thus I would like to challenge John Nash to debate in the use of his theory in the multi-cycled and random world of reality and discuss this much further.
Of course it is hard to dismiss John Nash's theories in simple static games and even Allen Turing discusses with the Tic-Tac-Toe example in explaining how a computer works proves such.
Of course with a human playing a computer, the human will always either make a mistake or create change, for his advantage or ultimate failure against the machine which is programmed to maintain its strategy.
Well, I certainly hope this article is of interest and that is has propelled thought.
The goal is simple; to help you in your quest to be the best in 2007.
I thank you for reading my many articles on diverse subjects, which interest you.
In his Equilibrium Theory he discusses the concept of games, fairness, advantage, strategy and its players.
His theory is quite simple and hard to dismiss.
But does such a perfect game exist in free markets? In fact one has to ask if free markets actually exist.
Personally, I believe there are new undiscovered moves if you study the game and thus I do enjoy his theory in this realm.
And can see his strong argument is difficult to break, however, can you show me such a game in economics or free markets? And to that point although I would submit to you that the static game does exist, but rarely in economics.
Indeed such simple games are often not those chosen by the most competitive men, as Vince Lombardi agrees.
That is to say strategies must be changed and players, teams and individuals work to exploit advantages.
Why wouldn't they? In the real world companies and entrepreneurs use many diverse tactics to tilt the field in their advantage rather than attempting to run redline against the pack.
I think I am therefore, I think; John Nash has a point, but it is pointless to ignore the only constant that is change or someone once said.
In games change is often chance and change is innately part of free-markets as well, thus I would like to challenge John Nash to debate in the use of his theory in the multi-cycled and random world of reality and discuss this much further.
Of course it is hard to dismiss John Nash's theories in simple static games and even Allen Turing discusses with the Tic-Tac-Toe example in explaining how a computer works proves such.
Of course with a human playing a computer, the human will always either make a mistake or create change, for his advantage or ultimate failure against the machine which is programmed to maintain its strategy.
Well, I certainly hope this article is of interest and that is has propelled thought.
The goal is simple; to help you in your quest to be the best in 2007.
I thank you for reading my many articles on diverse subjects, which interest you.
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