__in our own words__
John Nash or his Equilibrium along with all that it is behind it, deals with the ancient ideologies, where an Equilibrium had achieved in order to evolve in all areas, but it is through understanding, meaning full awareness of other people or situation realities, looking and targeting for a Common Good. This complex economic model means in the end nothing other than to have compassion to other parties. Looking for a win, win, and avoiding greed because of which the world is in chaos today, it is not the lack of money that has the world is in crisis, but the lack of understanding, empathy and wiliness to share and to give.
As Martin Luter King Jr. said once:
If we are to have peace on earth, our loyalties must become ecumenical rather than sectional. Our loyalties must transcend our race, our tribe, our class, and our nation; and this means we must develop a world perspective.
CORPUS MENS took the best of this model and applied it into its approach to provide the experiences. We offer quality experiences at a low price and aiming having a social responsible impact for those who needed the most, we offer those same services at an even lower price.Since if we help to balance the Body-Mind of our society by being flexible, then this society will feel better and it will act with more integrity, with more compassion and it will be a domino effect that will benefit all in a long or short period of time. For us the common good its our own.
# John Nash- Equilibrum model. nobel price of modern economy of 1994__.__
The Nash Equilibrium. A concept that was developed by the French economist Antoine Augustin Cournot 's analysis called ' oligopolies ' ( 1838), and which presents a competitive model of several companies competing for the same good, and in which each try to determine the ' optimal ' amount should produce to maximize their individual profits.
__1.-Origin concept__
Within the same can find the development of pure strategies, the mixed strategies, and the so-called Nash Equilibrium for extensive games, these are:
__1.1 . pure strategies__
Its slope of pure strategies was studied by Cournot own and developed on the basis of everything that an individual won / lost amounted to what another lost / won, remaining unchanged the overall situation of the economy, game economical than not was not much depth to each individual to choose a strategy simultaneously.
__1.2 . mixed Strategies__
For the development of joint strategies would have to give the simultaneous coexistence of different strategies of action for each individual interacting in the game. This would have to wait for the development of what was called ' Contemporary Theory Games ' studies with John von Neuman and Oskar Morgenstein in his book ' The Theory of Games and Economic Behavior "(1944).
For the true splendor of the development of this concept would have to come economist John Forbes Nash, who was who showed in his doctoral dissertation of 1951 the real value of it, getting a deeper development of analysis until what is now known as Nash Equilibrium multidisciplinary and which would get the Nobel Prize in Economics in 1994 to prove that any game with a finite number of strategies has at least one Nash equilibrium in mixed strategies, and consider committee of Nobel Prizes that complies Nash equilibrium for non -cooperative games
__1.3 . Application in extensive games__
Although not essentially modified the analysis of John Forbes Nash, yes I change the method in which the equilibrium is obtained by adding the ability to reason through ' backward induction ' for determining the resulting strategy.
__ main Hypothesis __
As in almost all economic assumptions underlying strong assumptions of rationality with subsequent cases which will achieve a Nash equilibrium these are:
Each and every one of the players looking to maximize your payment / expected gain according to the pay and conditions that describe the game
.
Players perform the desired and premeditated strategies according to their preferences , it is understood that strategies are executed without error.
Players have enough skilsl to determine your private balances and estimate the other players that interact in the game.
It is assumed that the fact that an individual modifies your strategy does not affect the original decision plans to deploy another individual. Each player also determines the way based on what others will think and think if you change it, it will consider in its determination.
All economic agents interacting assume compliance and pose while rationality as a general characteristic of each and every one of them.2. Problems applicability and non compliance with the assumptions If circumstances predefined in the previous section are not met, the results of the game would not be Nash equilibrium, but other solutions are consummated the main faults are:
Simply one of the players is not rational , so that you cannot reach a Nash equilibrium.
Balance that exists at least one player who is unable to carry out their premeditated strategy Neither meet.
Sometimes the ' rules of the game are not clear for each and every one of the individuals that interact , having a natural tendency to resolve deciding based on experience, and therefore sometimes balances that can be achieved may differ important part of the theoretical or actual balances.
__THE LIFE OF JONH NASH WAS BROUGHT TO THE BIG SCREEN ON THE MOVIE " A BEAUTIFULL MIND "__
This movie clip it's courtesy of __MOVIECLIPS__. Thank you! |