http://phoenix.liu.edu/~uroy/eco54/histlist/jfnash2.htm
"Characteristically, Mr. Nash picked a problem for his thesis that had eluded von
Neumann. Briefly,
von Neumann only had a good theory for pure rivalries in which one side's gain was the
other's loss.
Mr. Nash focused on rivalries in which mutual gain was also possible. He showed that
there were
stable solutions -- no player could do better given what the others were doing -- for
such rivalries
under a wide variety of circumstances. In doing so, he turned game theory, a beguiling
idea, into a
powerful tool that economists could use to analyze everything from business
competition to trade
negotiations. "It wasn't until Nash that game theory came alive for economists," said
Robert Solow, a
Nobel laureate in economics at M.I.T."
--
With foxes we must play the fox. - unknown
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