2min chapter

Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas cover image

164 | Herbert Gintis on Game Theory, Evolution, and Social Rationality

Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas

CHAPTER

The One Concept Within Game Theory That Will Be Helpful for the Rest of Conversation

Game theory was invented by John nash, who had mental problems. Nash's idea is that equilibrium occurs when no player has an incentive to change his behavior. In game theory students often say rational players cud not choose a 'nash equilibrium' But in fact the prerequisites for this are very clear and extremely plausible.

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