Game Theory : Mathematics : Group Vs Self Interest

The quote from "A Beautiful Mind," which refers to a concept from game theory, highlights that the best outcome for a group is achieved when individuals consider the group's interests alongside their own. Essentially, it critiques the notion that individual self-interest always leads to the best collective outcome. 

Elaboration:

The quote, often attributed to John Nash in the movie, is a variation of the Nash equilibrium concept in game theory. The core idea is that the best outcome for everyone in a group (or a "game") is achieved when each individual not only acts in their own best interest but also considers the best outcome for the entire group.

So, anyone who tries to maximize one's self interest without contributing to the group's collective interest is going to lose in the long run effectively ! It's quite mathematical !

Game Theory in Real Life : Mathematics

The quote from "A Beautiful Mind," which refers to a concept from game theory, highlights that the best outcome for a group is achieved when individuals consider the group's interests alongside their own. Essentially, it critiques the notion that individual self-interest always leads to the best collective outcome. 

Elaboration:

The quote, often attributed to John Nash in the movie, is a variation of the Nash equilibrium concept in game theory. The core idea is that the best outcome for everyone in a group (or a "game") is achieved when each individual not only acts in their own best interest but also considers the best outcome for the entire group.

So, anyone who tries to maximize one's self interest without contributing to the group's collective interest is going to lose in the long run ! It's quite mathematical !

God exists everywhere! It's mathematical !

Stress as a measure of Convexity!

The more stressful you are in market or otherwise your strategy more likely concave and more fragile, less convex !