In the Ron Howard movie "A Beautiful Mind," Russell Crowe plays John Nash, a major figure in game theory. Although it was a good movie, it totally misconstrues Nash's doctoral dissertation and how it fit into the pre-existing literature. In this episode, Bob sets the record straight. Mentioned in the Episode and Other Links of Interest: John Nash's https://library.princeton.edu/special-collections/sites/default/files/Non-Cooperative_Games_Nash.pdf (doctoral dissertation). http://www.libertyclassroom.com/dap/a/?a=351 (Bob's link for Liberty Classroom). (If you click this link and then register, the site will know you came from me.) https://www.amazon.com/gp/product/1451628420/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1451628420&linkId=a784abcddc0871f0107bf3f7a20e2dbb (Sylvia Nasar's book) that inspired the Ron Howard movie about Nash. #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.) A https://en.wikipedia.org/wiki/Allais_paradox#:~:text=The%20Allais%20paradox%20is%20a,predictions%20of%20expected%20utility%20theory. (good explanation of the Allais Paradox) (which shows limits of expected utility theory). https://www.bobmurphyshow.com/episodes/ep-96-why-i-am-still-an-austrian-economist-my-response-to-caplan/ (Bob Murphy Show ep. 96), which starts with critique of use of game theory. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).