




John Nash, THE ESSENTIAL JOHN NASH. Princeton University Press
Sylvia Nasar, A BEAUTIFUL MIND: THE LIFE OF MATHEMATICAL GENIUS AND NOBEL LAUREATE JOHN NASH. Touchstone Books




John Forbes Nash, Jr. is a pioneer in the field of game theory. After first encountering game theory from the works of John von Neumann and Oskar Morgenster, Nash was the first to introduce the economic application of game theory. In 1950, his dissertation explained the "Nash Equilibrium," developing the theory to solve strategic noncooperative games for mutual gain. He further developed game theory with his "Nash Bargaining Solution," which was a solution concept for twoperson cooperative games. In 1951, he introduced his name to another side of economics with the "Nash Programme." This paper called for the reduction of all cooperative games into a noncooperative framework. John Nash's ideas on game theory have caused its influence to grow so quickly that some claim, it is on a path "to overwhelm much of economics itself."
John Nash was born in Bluefield, West Virginia in 1928. He received an undergraduate and a Master's degree in mathematics from Carnegie Institute of Technology and received his Ph.D. from Princeton University. In 1951, John Nash joined the faculty at MIT. He was tenured at M.I.T. in 1958 at the age of 29. In 1957, he received the Sloan Grant and spent the year as a temporary member of the Institute for Advanced Study. In 1959, he left his position at M.I.T. due to health problems. He currently performs research for Princeton University.
At the age of sixteen, Nash was awarded the George Westinghouse Scholarship, which provided a full scholarship to the Carnegie Institute of Technology.
He won the Nobel Prize in Economics in 1994 because of his 27page dissertation, "NonCooperative Games," written in 1950 when he was 21. As an undergraduate, Nash proved Brouwer's fixed point theorem. He also broke one of Riemann's most perplexing mathematical conundrums.


