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39 - Stockholm 1994

Erich Prisner
Affiliation:
Franklin University Switzerland
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Summary

In Fall 1994, mathematician John F. Nash received a phone call that he had won a Nobel prize, together with economists John C. Harsanyi and Reinhard Selten. The next day the story filled the newspapers. The New York Times had a headline “Game theory captures a Nobel”. Mathematical journals reported the news weeks or months later.

Hold on a minute! There is no Nobel prize in mathematics! In the early twentieth century Alfred Nobel established prizes only in physics, chemistry, medicine, literature, and peace. Nash worked in none of these disciplines. His award was not one of the original Nobel prizes but was rather the Nobel Memorial Prize in Economic Sciences, which was initiated in 1968 and is sponsored by the Central National Bank of Sweden. Like the original Nobel prizes, it is awarded by the Royal Swedish Academy of Sciences. It is often through this prize that mathematicians hit the front pages of the newspapers and become famous.

Nowadays the academic areas closest to mathematics are probably physics, computer science, and economics. When Greek culture dominated the western world, philosophy was close to mathematics, but the two have separated since then. Astronomy and mathematics were closely related in ancient times, but the close relationship between physics and mathematics was established and strengthened in the 17th century through the development of calculus.

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Publisher: Mathematical Association of America
Print publication year: 2014

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  • Stockholm 1994
  • Erich Prisner, Franklin University Switzerland
  • Book: Game Theory Through Examples
  • Online publication: 05 October 2014
  • Chapter DOI: https://doi.org/10.5948/9781614441151.040
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  • Stockholm 1994
  • Erich Prisner, Franklin University Switzerland
  • Book: Game Theory Through Examples
  • Online publication: 05 October 2014
  • Chapter DOI: https://doi.org/10.5948/9781614441151.040
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Stockholm 1994
  • Erich Prisner, Franklin University Switzerland
  • Book: Game Theory Through Examples
  • Online publication: 05 October 2014
  • Chapter DOI: https://doi.org/10.5948/9781614441151.040
Available formats
×