The Nash equilibrium, explained

If we all go for the blonde and block each other, not a single one of us is going to get her. So then we go for her friends, but they will all give us the cold shoulder because no on likes to be second choice. But what if none of us goes for the blonde? We won’t get in each other’s way and we won’t insult the other girls. It’s the only way to win. It’s the only way we all get laid.”

If we are to believe the movie, this is how the brilliant character John Nash from A Beautiful Mind (2001) first explained his brilliant new discovery of “governing dynamics” to his friends. In reality of course, this is not how the real John Forbes Nash Jr. came upon the idea, nor would it have been how he would have described the concept of his discovery. The purpose of this article is to provide a more accurate and complete narration of how the Nash equilibrium came about, and what it means. Continue reading

Read the full essay in Cantor’s Paradise on Medium