Edgeworth, francis, Game Theory

 

Living from 1845 to 1926, Edgeworth's contributions to Economics still influence trendy game theorists. His Mathematical Psychics printed in 1881, demonstrated the notion of competitive equilibrium in barter economies. He noted that the ensuing game permitted several solutions (a concept later resurrected because the notion of the core) however the amount of solutions is reduced because the size of the economy grows.

 

Posted Date: 7/21/2012 3:52:11 AM | Location : United States







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