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Journal of Economic Perspectives: Vol. 11 No. 3 (Summer 1997)

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A Nobel Prize for Game Theorists: The Contributions of Harsanyi, Nash and Selten

Article Citation

Gul, Faruk. 1997. "A Nobel Prize for Game Theorists: The Contributions of Harsanyi, Nash and Selten." Journal of Economic Perspectives, 11(3): 159-174.

DOI: 10.1257/jep.11.3.159

Abstract

The purpose of this essay is to celebrate the contributions of John C. Harsanyi, John F. Nash, and Reinhard Selten to economics. The emphasis is on tracing the influence of their work on economic analysis rather than giving a detailed account of each of their contributions. The three researchers are identified with the three most important ideas in game theory: equilibrium, asymmetric information, and credibility. These three ideas have dominated not only theoretical research but also numerous other fields within economics since the 1950s.

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Authors

Gul, Faruk (Princeton U)

JEL Classifications

B31: History of Thought: Individuals
C70: Game Theory and Bargaining Theory: General

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