A biography of the economist and mathemetician, John Nash.
Written in 2007; 722 words; 5 sources; APA; $ 25.95
Paper Summary:
This paper looks at the life of John Nash, born June 13, 1928 who went on to win the Nobel prize for economics. It discusses his childhood, education and career and some of his theories such as the Nash Equilibrium and game theory.
From the Paper:
"Many economists may not realize that John Nash was one of the first people to become involved in laboratory experiments. One of these experiments, conducted more than fifty years ago, was inspired by his second great accomplishment: "the definition and existence proof for Nash equilibrium." This experiment was conducted at the RAND Corporation in Santa Monica, California, on the same day that the two mathematicians who designed it heard about the surprising theorem that had been proved by a young graduate student on the other coast. Because Nash later ran his own experiments, Charles Holt once asked him what he thought of this methodology. Nash replied, "Experimental economics is the ultimate truth. Anyone can write down a theory and just say it is true."
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