• Game theory was proven in practical life-and-death situations before it was actually laid out on paper as a systematic theory.
• Early days of World War II, when British naval forces playing cat and mouse with German submarines, needed to understand the game better, win it more often.
• The classic theoretical formulation came in 1944, when mathematical genius John von Neumann and economist Oskar Morgenstern published their book “Theory of Games and Economic Behavior”.
• In 1994 three pioneers in game theory—John Nash, John Harsanyi, and Reinhart Selten—were awarded a Nobel Prize.
• Game theory was proven in practical life-and-death situations before it was actually laid out on paper as a systematic theory. • Early days of World War II, when British naval forces playing cat and mouse with German submarines, needed to understand the game better, win it more often. • The classic theoretical formulation came in 1944, when mathematical genius John von Neumann and economist Oskar Morgenstern published their book “Theory of Games and Economic Behavior”. • In 1994 three pioneers in game theory—John Nash, John Harsanyi, and Reinhart Selten—were awarded a Nobel Prize.
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