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- Title
What Did "Beautiful Mind" Game Theory Mathematician John Nash Teach Players in the Energy Market?
- Authors
Kazumasa Kusaka
- Abstract
The article offers the author's insights on the contribution of mathematician John F. Nash Jr.'s game theory on the energy market. The author mentions that Nash's theory analyzes optimization of outcomes by market participants and players through adverse signaling and selection. He discusses the collapse of oil prices in 1986 following the speech of Saudi Oil Minister Sheikh Zaki Yamani.
- Subjects
NASH, John F., 1928-2015; GAME theory; ENERGY industries &; the economy; YAMANI, Ahmed Zaki, 1930-2021; PETROLEUM sales &; prices
- Publication
Economy, Culture & History Japan Spotlight Bimonthly, 2015, Vol 34, Issue 4, p1
- ISSN
1348-9216
- Publication type
Article