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Nobel Prizes and Laureates


Nobel Prizes and Laureates

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1994
John C. Harsanyi, John F. Nash Jr., Reinhard Selten

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John F. Nash Jr. - Facts

John F. Nash Jr.

John F. Nash Jr.

Born: 13 June 1928, Bluefield, WV, USA

Affiliation at the time of the award: Princeton University, Princeton, NJ, USA

Prize motivation: "for their pioneering analysis of equilibria in the theory of non-cooperative games"

Field: game theory

Contribution: Introduced the distinction between cooperative games, in which binding agreements can be made, and non-cooperative games, where binding agreements are not feasible. Developed an equilibrium concept for non-cooperative games that now is called Nash equilibrium.

Prize share: 1/3

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This Prize was established in memory of Alfred Nobel.