Ep. 654: No Real Magic with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Nash Equilibrium
The scene dramatizes the Nash equilibrium, his most important contribution to game theory. Nash proved in any competitive situation, war, chess, even picking up a dated a bar, there is only one optimal strategy. That theory won Nash a Nobel Prize in economics and transformed the way we think about competition In both games and the real world.
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Transcript
