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- Date:
- Thu, 2012-03-01 16:30 - 17:30
- Location:
- Klaus Room 1116
Refreshments — 4:00 PM Klaus Atrium
Talk — 4:30 PM Klaus 1116
Abstract
The
concept of "strategic equilibrium," where each player's strategy is
optimal against those of the other players, was introduced by John Nash in his
Ph.D. thesis in 1950. Throughout the years, Nash equilibrium has had a most
significant impact in economics and many other areas. However, more than 60
years later, its dynamic foundations - how are equilibria reached in long-term
interactions - are still not well established.