Oskar Morgenstern

Oskar Morgenstern was an influential economist and mathematician known for co-developing game theory, a field that analyzes strategic interactions where the outcome for each participant depends on the choices of all involved. Alongside John von Neumann, he published the groundbreaking book "Theory of Games and Economic Behavior" in 1944, which laid the foundational principles of game theory. Morgenstern's work has implications across economics, political science, and social sciences, helping to understand decision-making in competitive environments. His contributions involved using mathematical models to predict and strategize in scenarios ranging from business negotiations to military tactics.