Economics Of Nobel Laureates - Revised by VT Naidu - HTML preview

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Chapter - 8

John F. Nash

John F. Nash made significant contribution to the Bargaining problems in game theory and introduced the concept of Equilibrium known after him. He is less known outside the circles of Mathematicians and Economists but towards the end of the 20th Century he became popular and a cult figure.

Nash suffered from the killer disease of paranoid Schizophrenia. Through sheer will power and with the help of his devoted wife, he recovered well enough from his mental ailment to continue his work on Game theory at Princeton University. He is a living legend of a man’s courage against heavy odds and his dogged persistence and perseverance in achieving life’s goal.

Sylvia Naser wrote in 1998 an excellent Biography of John F. Nash titled, A Beautiful Mind. The blurb of the award winning Biography says that “it is a drama about the mystery of human mind, triumph over incredible adversity and healing power of love. Inspired by Nash’s life story Glazier the famous Hollywood producer has produced a film titled ‘A Beautiful Mind’ and that film won the Best Film and Best Director awards at the 74 annual Oscar awards of 2001. Nash came to India in Jan-2003 to participate in a seminar on Game Theory in Mumbai