equities

Applying ‘Nash’s Equilibrium’ to M&A Negotiations

I first learned my craft on Wall Street in the 1980s, a very different era, characterized by the bravado of Gordon Gekko’s “Greed is Good” speech. During that period, I was taught that all ...
Investopedia

Comparing a Dominant Strategy Solution vs. Nash Equilibrium Solution

Christina Majaski writes and edits finance, credit cards, and travel content. She has 14+ years of experience with print and digital publications. Robert Kelly is managing director of XTS Energy LLC, ...
Quanta Magazine

In Game Theory, No Clear Path to Equilibrium

In 1950, John Nash — the mathematician later featured in the book and film “A Beautiful Mind” — wrote a two-page paper that transformed the theory of economics. His crucial, yet utterly simple, idea ...