John Nash was an American mathematician whose work made a significant contribution to game theory. His work helped to advance our understanding of decision making and the factors determining chance within complex systems.
Although Nash was a mathematician, his pioneering dissertation and later studies on game theory redefined the economic realm of game theory; his impact was so important that he was awarded the 1994 Nobel Prize in Economics. The idea of his Nash equilibrium was simple yet brilliant, and has been built on, and used, time and time again in many economic models.
John Nash was a true genius, in 1948 he graduate from university at the age of 19 with both an undergraduate and masters degree in mathematics. Unfortunately, his genius came at a price. Nash suffered from mental illness; he experienced bouts of paranoia and throughout the entire 1960s he was submitted to multiple mental hospitals after he was diagnosed with paranoid schizophrenia. After making a recovery from his illness, he was able to return to lecture and research at university in the 1980s.
The tempestuous story of his life was the subject of a book and the 2001 movie ‘A Beautiful Mind’ starring Russell Crowe.
Nash and his wife Alicia tragically died on May 23rd 2015 when their taxi crashed on the New Jersey Turnpike.
“Classes will dull your mind, destroy the potential for authentic creativity.”
“I cannot waste time in these classes and these books, memorizing the weak assumptions of lesser mortals.”
– John Nash