1994 Nobel Prize Economists: Contributions from Nash, Harsanyi and Selten to the Game Theory

Vol. 15 No. 1 (1995)

Jan-Mar / 1995
Published January 1, 1995
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Haneke, Uwe, and Vitória Saddi. 1995. “1994 Nobel Prize Economists: Contributions from Nash, Harsanyi and Selten to the Game Theory”. Brazilian Journal of Political Economy 15 (1):58-69. https://doi.org/10.1590/0101-31572000-0864.
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1994 Nobel Prize Economists: Contributions from Nash, Harsanyi and Selten to the Game Theory

Uwe Haneke
Mestre em Economia pela Universidade de Bonn e doutorando na Universidade de Halle-Wittenberg, Alemanha.
Vitória Saddi
Mestre em Economia pela Fundação Getúlio Vargas, e economista do Instituto de Economia do Setor Público - IESP/FUNDAP, São Paulo/SP, Brasil.
Brazilian Journal of Political Economy, Vol. 15 No. 1 (1995), Jan-Mar / 1995, Pages 58-69

Abstract

The paper tries to highlight the influence of the 1994 three Nobel prize winners
– J. Nash, R. Selten and J. Harsanyi on game theory as well as on economic theory. On the
basic of textbooks examples the paper may also serve as a brief introduction to game theory
itself. Some major concepts like Nash equilibrium, subgame-perfect equilibrium, trembling
hand equilibrium and Harsanyi’s transformation are introduced to show with some examples
the growing importance of game theory in modem economic theory.

JEL Classification: C70; B31.


Keywords: Nobel prize Game theory Nash Harsanyi Selten