Main menu For students For teachers Explore our subjects Student events & courses

Explore

More for students
Sign in

Teaching Economics

Enrichment

How Nash Equilibrium Changed Economics

Geoff Riley

29th May 2015

Share this content:

In this short 3 minute video from the Financial Times, Ferdinando Giugliano explains why the work of John Forbes Nash - who died in May 2015 - is so important and how the Nash equilibrium theory works. This is an excellent short primer for students wanting to see the relevance of game theory in their economics.

Share this content:

Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD and Revision conferences in the UK and overseas.

@tutor2uGeoff

You might also like

The Economics of Loyalty Pricing: Are Discounts Worth the Data?

27th November 2024

Game Theory meets Monopolistic Competition: Nail Technicians raise prices together!

7th April 2024

Game Theory, stockpiling, and rational behaviour [Year 13 Enrichment Task]

7th April 2020

Coronavirus risk - game theory meets the tragedy of the commons

24th March 2020

Winners of the Nobel Prize in Economics - Clear The Deck Key Term Knowledge Activity

Quizzes & Activities

Essay on Advertising and Economic Welfare

Exam Support

Price Wars in Oligopoly - Examples and Evaluation

Study Notes

Advertising in Oligopoly

Study Notes