John Nash and the theory of games

John Forbes Nash and his wife Alicia nashwere tragically killed in a car crash on May 23, having just returned from a ceremony in Norway where John Nash received the prestigious Abel Prize in Mathematics (which, along with the Fields Medal, is the closest thing mathematics has to a Nobel Prize). Nash’s long struggle with mental illness, as well as his miraculous recovery, are depicted vividly in Sylvia Nasar’s book “A Beautiful Mind” and the Oscar-winning film which it inspired. In this post, I want to give a brief account of Nash’s work in game theory, for which he won the 1994 Nobel Prize in Economics. Before doing that, I should mention, however, that while this is undoubtedly Nash’s most influential work, he did many other things which from a purely mathematical point of view are much more technically difficult. Nash’s Abel Prize, for example (which he shared with Louis Nirenberg), was for his work in non-linear partial differential equations and its applications to geometric analysis, which most mathematicians consider to be Nash’s deepest contribution to mathematics. You can read about that work here. Continue reading