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Economic Theories Of Harsanyi, Nash, Selten, Fogel, And North
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The theories of these five men: John C. Harsanyi, John Nash, Reinhard Selten, Robert W. Fogel, and Douglass C. North, made an abundant progress in the Economic Sciences in America and the economy. For these great accomplishments, these five were awarded the Noble Peace Prize in Economic Sciences in 1994(Harsanyi, Nash, Selten), and 1993(Forgel, ....
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....i stated "it is a theory of strategic interactions...of rational behavior in social situations in which each player has to choose his moves on the basis of what he thinks the other players' counter moves are likely to be"
Economists did not have an immediate success in applying their insights to a field whose preoccupation with the idea of "free co.... |
| Word count: 1404 |
Page count: 6 |
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