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Economic Theories Of Harsanyi, Nash, Selten, Fogel, And North
Beginning of paper
The theories of these five men: John C. Harsanyi, John Nash, Reinhard Selten, Robert W. Fogel, and Douglass C. North, made an abundant progress in the Economic Sciences in America and the economy. For these great accomplishments, these five were awarded the Noble Peace Prize in Economic Sciences .... Middle of paper
.... German economists), shared the award, and the $930,000 cash award for their achievements in economics."
The trios accomplishment portrayed the significance of Von Neumann and Morgenstern's contribution to game theory, which was recognized by economists and others almost immediately. The lessons they drew from homely games like chess and poker had exemplified universal application to economic situations in which the participants had the power to anticipate and affect other participants' ac ....
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Word count: 1404
Page count: 6 (approximately 250 words per page)
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