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Comparative advantage in the 21st century is based more on services and their cross border facilitation by telecommunications and the Internet.
Game Theory
A theoretical framework for conceiving social situations among competing players. It is used in various fields, such as economics, political science, and psychology, to model strategic interactions.
John Von Neumann
A mathematician and polymath who contributed to many fields, including game theory, computer science, economics, and quantum mechanics.
Game Theory
A branch of mathematics and economics that studies decision-making in situations where the outcome depends on the actions of two or more decision makers.
John Nash
A mathematician and Nobel Prize winner known for his work in game theory, including the development of the Nash equilibrium concept.
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