Who are the key figures in game theory?

Who are the key figures in game theory?

Some key figures in game theory include John von Neumann, John Nash, and Reinhard Selten. Would you like to know more about any of them?

Tell me about John Nash and his contributions.

John Nash is known for the Nash Equilibrium, a concept that describes a stable state in a game where no player can benefit by changing their strategy unilaterally.

What about John von Neumann?

John von Neumann is one of the founders of game theory. He developed the minimax theorem and contributed to the concept of zero-sum games.

Can you explain the minimax theorem?

The minimax theorem states that in zero-sum games, there exists a strategy that minimizes the maximum possible loss, ensuring the best outcome for a player.