![]() 05/24/2015 at 17:18 • Filed to: None | ![]() | ![]() |
...and 90% of the people out there have no idea how much influence he had on our modern world.
I don’t think I’ve ever been sad about a ‘celebrity death’ until this point. He was one of the few people I wanted to meet before he died.
I’ll give you a taste of what I mean.
Ignoring even the fact that he very well probably prevented World War III with his contributory theory on competitive equilibrium (and the invention of everything we come to know as Game Theory). Ever seen the movie WarGames? Yeah.
He basically laid out the modern computational difficult encryption, or “complexity theory” that we base internet encryption on today.
And lastly, you can see traces of game theory throughout automaker decisions. Market segmentation, regulatory decisions, and Nash equilibrium all show up. Game theory often dictates, along with budgets and regulation, which types of models (and the volume they intend to sell at) a company chooses in the ‘game’ of gaining market share over their competitors. Government regulation on safety requlation is heavily based (along with most environmental policy) on Nash equilibrium as well.
![]() 05/24/2015 at 17:27 |
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He just got a prize at my university, and probably held his last lecture there. I kind of regret not going.. He died in a car crash on his way home, in a taxi travelling from the airport I guess. Both he and his wife died in the crash, due to not wearing their seatbelts.
![]() 05/24/2015 at 17:32 |
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I concur that Nash was an important figure in the evolution of game theory. But, to credit him with the invention of “everything” diminishes the contributions of other important thinkers. The Nash solution concept is fundamental, and changed thinking on noncooperative games forever, but game theory is more than just Nash. His work in crypto is similarly fundamental. A visionary mind, to be sure.
![]() 05/24/2015 at 18:13 |
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He basically laid out the modern computational difficult encryption, or “complexity theory” that we base internet encryption on today.
Not to speak ill, but that’s stretching it a bit much. Modern web encryption as we know it today (PKI) is credited to the work of Martin Hellman and Whitfield Diffie. Though there were some researches at GCHQ that had the same theories as them, it was those two that introduced it to the public first with their Diffie-Hellman asymmetric cryptographic algorithm.
Still, it sounds like he accomplished a great deal. Sorry to hear about his passing.
![]() 05/24/2015 at 18:36 |
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Hard to imagine someone so smart chose not to wear a seatbelt.
![]() 05/24/2015 at 19:00 |
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As an Economist, I am sad. Without Game Theory, you couldn’t really analyze the markets that aren’t competitive and monopolistic. Oligopolies pretty much run the show.
![]() 05/24/2015 at 21:10 |
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Um, more like 99.9%, I should think. As in, maybe one person in a thousand ever even heard of the guy, let alone know of his contributions, let alone can understand any of them.
Thank you for the post.
![]() 05/30/2015 at 06:34 |
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Only reason I know about John Nash was because of my econ classes in high school. That and A Beautiful Mind