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</html>";s:4:"text";s:2130:"about output. Although game theory can be and has been used to analyze parlour games, its applications are much broader. The book also gave birth to the idea of utility theory in economics. In the early 1950s, John Nash generalized these results and provided the basis of the modern field. His works span from functional and numerical analysis to quantum mechanics, from set theory to game theory, as well as many other fields of pure and applied mathematics. Today, game theory is applied to economics, law, political science, and sociology. In order to understand the signifi-cance and potential of what von Neumann did, we need a brief introduction to the basics of game theory. 1.1. However, its contemporary codification is credited to John von Neumann and Oskar Morgenstern who, in 1944, published Theory of Games and Economic Behavior. Von Neumann was the first, however, to define mathematically cor-rectly the concept of an abstract, strategic game. His work on mathematical physics won him praise as a major intellectual influence responsible for the emergence of game theory… It historically dates back to the Talmud and Sun Tzu's writings. A few basic concepts of game theory In fact, game theory was originally developed by the Hungarian-born American mathematician John von Neumann and his Princeton University colleague Oskar Morgenstern, a German-born American economist, to solve problems in economics. The Contributions of John Von Neumann Introduction Often called a genius, John von Neumann made significant contributions in a wide range of issues. Hungarian mathematician John von Neumann (1903 – 1957) was one of the more powerful scientific mind of the 20th century. John von Neumann and Oskar Morgenstern, Theory of Games and Economic Behavior. Von Neumann’s book on Game theory said that many economic situations could be modelled as the outcome of a game between two or more players. During the war, von Neumann's intellect tackled hydrodynamics, ballistics, meteorology, game theory, and statistics, applying mathematical rigor to practical problems in these fields. Sixtieth-Anniversary Edition ";s:7:"keyword";s:29:"john von neumann, game theory";s:5:"links";s:860:"<a href="http://sljco.coding.al/o23k1sc/trout-lake%2C-michigan-weather-566a7f">Trout Lake, Michigan Weather</a>,
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