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Game Theory
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Excerpt from Term Paper:
Game Theory
Game Theory and Oligopolies
Game theory, as developed by Princeton mathematics graduate student John Nash, was one of the most influential economic theories of mathematical probability of the 20th century. In the film A Beautiful Mind the portrayal of the principles of game theory might be called to blonde or not to blondenamely that according to Nash in the film it makes little sense for all of the young male students hanging out in a bar to hit on the most desirable young woman, as she can only choose one of them. (Presumably her friends will be offended if they suspect they are second pickings thus resources of time and energy for the male students are scarce, they can only pick one women in the group of ladies at the bar.) Nash rationalizes that rather than all of the young men focusing on the blonde, it is better that they focus their attentions on someone who is less likely to be the object of everyone elses attention, so they can leave the bar with some female companionship, rather than alone. And some collusion might make their chances even better: Ill go for the brunette, you go for the redhead, etcetera,
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