tag:blogger.com,1999:blog-1752771132348583018.post7359053236756445284..comments2024-03-28T14:24:17.738-05:00Comments on Managerial Econ: John Nash, RIPLuke Froebhttp://www.blogger.com/profile/06832270922187297624noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1752771132348583018.post-89412724408325470242015-12-21T21:54:12.268-06:002015-12-21T21:54:12.268-06:00Until this MBA course in economics, I had not real...Until this MBA course in economics, I had not really had the opportunity to learn of John Nash. I have enjoyed learning of his concepts and how they apply to so many things we do. Just understanding the fact that there exists an “equilibrium” where no side would benefit by changing its course has been very enlightening to me. The best Nash Equilibrium example that I have read about was how the U.S. and the U.S.S.R. were at an equilibrium, because each could have destroyed each other and knew exactly where the others positions were, but still didn't start a war. His contributions to game theory will be useful to me as I progress through my career.Anonymoushttps://www.blogger.com/profile/18349314666593329864noreply@blogger.com