In game theory, the Nash equilibrium (named after John Nash) is a kind of optimal strategy for games involving two or more players, whereby the players reach an outcome to mutual advantage. If there is a set of strategies for a game with the property that no player can benefit by changing his strategy while the other players keep their strategies unchanged, then that set of strategies and the corresponding payoffs constitute a Nash equilibrium.
(From Wikipedia, the free encyclopedia)
Haha...juz watched "A Beautiful Mind" for the whole 2 and a half hrs juz now...and i tink it was really a great movie...quite abstract but very interesting..and of coz learned a bit abt the Nash equilibrium (associated with econs) in it...according to Wikipedia, the movie din portray the Nash equilibrium accurately...haha..ironic isn't it?
Now i am on the Internet reading about John Forbes Nash, his theories, other economics stuff related to them etc...some of them i heard be4 budden on further research i realise they are really interesting...and it seems to sort of link up to maths thru some kind of linear spaces...lol...i tink it's the 1st time i actually become so curious after watching a movie dat i have to juz check out some of it..
well i am starting to have an inquisitive mind like John Nash...hahaha...
ok not really...juz that at the spur of the moment i am juz fascinated by the whole thing...=D