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As a member, you'll also get unlimited access to over 70,000 lessons in math, English, science, history, and more.Plus, get practice tests, quizzes, and personalized coaching to help you succeed.He says that if they all approach the blonde, she will turn every one of them down.Then her friends will also turn them down because they wouldn't want to play second fiddle.
In A Beautiful Mind, there is a fictionalized scene that depicts the origins of the Nash Equilibrium.Then we discuss why we might be interested in Nash equilibrium and how we might find Nash equilibrium in various games.As an example, we play a class investment game to illustrate that there can be many equilibria in social settings, and that societies can fail to coordinate at all or may coordinate on a bad equilibrium.We argue that coordination problems are common in the real world.Finally, we discuss why in such coordination problems--unlike in prisoners' dilemmas--simply communicating may be a remedy.
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Try It risk-free You may recognize the name John Nash if you've ever seen the Academy Award-winning 2001 movie A Beautiful Mind.