John Nash (Game Theory)

John Nash was a mathematician known for developing Game Theory—a way to analyze strategic interactions where each participant aims to maximize their own benefit. His famous concept, the Nash Equilibrium, occurs when all players choose their best possible strategy given others' choices, resulting in no one wanting to change their decision alone. This idea helps explain competitive behaviors in economics, politics, and beyond, illustrating how individuals or groups can arrive at stable outcomes even when their interests conflict. Nash’s work provides insight into decision-making processes in complex, interactive situations.