John Nash, a Princeton University mathematics professor, won the Nobel Prize for economics in 1994 for his work in Game Theory died in car crash.
Academy Award best picture winning film "A Beautiful Mind." was based on John Nash...!!
So what makes John genius....John Nash is one of the genius mathematician who left his legacy by giving "Nash Equilibrium" which is used in Corporate Buyouts, Soccer Games, Mergers & Acquisition, Management Decision Making & few others.
- Nash Equilibrium is used to analyse the situation at the time of "War"
- Nash Equilibrium also talks about the concept of "Tit-for-tat"
- Of course the renowned Game Theory is presented in Nash Equilibrium
- It talks about the probability of Risk taken to achieve group's objective against personal interest, which is usually termed as "Stag Hunt"
- The genius man also tells how to organize the auction known as Auction Theory
- Nash Equilibrium is also used to analyze the Penalty Kicks in the Soccer
But his Personal life was hell, as he was suffering from schizophrenia, it took him 8 months of hospitalization to recover back to normal life. He later in 2006 attended Game Theory Conference held in Germany.
On May 23, 2015 (New Jersey) John Nash & his wife were travelling in the taxi & the taxi meet with an accident, the two were ejected from the taxi. Eye witness say that they were not wearing seat belts. But his Beautiful Mind always remains fresh & inspires others to carry on with the Strategies which left behind. The more can be uncovered with his creation "Game Theory".
The Genius remains with us through his works and will remain to continue.
Rest in Peace John Nash...!!!
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