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The idea of Nash equilibrium was know to economists before Nash. Good examples are Cournot, Bertrand and Hotelling models. They provided the intuition and the mathematics for it. Unfortunatelly, most of the researchers on game theory in [View full text and thread]
| 05/06/2001 11:18 PM by Rodrigo; Cournot and Nash |
You'll find the meaning of Nash's contribution in Roger Myerson's paper "Nash Equilibrium and the History of Economic Theory", Journal of Economic Literature, 37(3), September 1999, pages 1067-82. I also suggest the wonderful book "A [View full text and thread]
| 05/05/2001 09:23 AM by rudy; |
I think Cournot did not realized with the methodology of his work. That's right Cournot is the founder of oligopoly theory, but he did not give contribution (or just accidentally) to the game theory. [View full text and thread]
| 05/04/2001 07:47 PM by Jean Lanud; Cournot and Nash |
In 1838, Cournot developed game models of oligopolistic competition, which he analysed by the methodology of Nash equilibrium. And he was writing more than a century before Nash. I think (it is just my opinion) John Nash did not find something new in game theory.
So, could you tell me the reasons to gave him a Nobel prize? I'm sorry with limitation of my knowledge. [Manage messages]
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