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Ferenc Forgó
Ferenc Forgó (born 16 April 1942 in Pécs) is a Hungarian economist and mathematician. He is a Doctor of the Hungarian Academy of Sciences and professor emeritus at the Corvinus University of Budapest. His main research interests have been mathematical programming and game theory. Early life and career Between 1960 and 1965, Forgó studied at the Károly Marx University of Economics, where he was one of the first students to graduate as an economist / mathematician. After graduation, he joined the Mathematics Department and soon became an assistant professor. In 1970, he spent a year in the United States as a Ford Foundation Fellow at the University of Southern California, Los Angeles. In 1974, he successfully defended his PhD thesis in economics. He became a full professor in 1991 and professor emeritus after retiring in 2012. In 2015, he became a Doctor of the Hungarian National Academy. For decades, Forgó was a member of the editorial board of several journals: ''PUMA' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nash Equilibrium
In game theory, the Nash equilibrium is the most commonly used solution concept for non-cooperative games. A Nash equilibrium is a situation where no player could gain by changing their own strategy (holding all other players' strategies fixed). The idea of Nash equilibrium dates back to the time of Cournot, who in 1838 applied it to his model of competition in an oligopoly. If each player has chosen a strategy an action plan based on what has happened so far in the game and no one can increase one's own expected payoff by changing one's strategy while the other players keep theirs unchanged, then the current set of strategy choices constitutes a Nash equilibrium. If two players Alice and Bob choose strategies A and B, (A, B) is a Nash equilibrium if Alice has no other strategy available that does better than A at maximizing her payoff in response to Bob choosing B, and Bob has no other strategy available that does better than B at maximizing his payoff in response to Alice c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Living People
Purpose: Because living persons may suffer personal harm from inappropriate information, we should watch their articles carefully. By adding an article to this category, it marks them with a notice about sources whenever someone tries to edit them, to remind them of WP:BLP (biographies of living persons) policy that these articles must maintain a neutral point of view, maintain factual accuracy, and be properly sourced. Recent changes to these articles are listed on Special:RecentChangesLinked/Living people. Organization: This category should not be sub-categorized. Entries are generally sorted by family name In many societies, a surname, family name, or last name is the mostly hereditary portion of one's personal name that indicates one's family. It is typically combined with a given name to form the full name of a person, although several give .... Maintenance: Individuals of advanced age (over 90), for whom there has been no new documentation in the last ten ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1942 Births
The Uppsala Conflict Data Program project estimates this to be the deadliest year in human history in terms of conflict deaths, placing the death toll at 4.62 million. However, the Correlates of War estimates that the prior year, 1941, was the deadliest such year. Death toll estimates for both 1941 and 1942 range from 2.28 to 7.71 million each. Events Below, the events of World War II have the "WWII" prefix. January * January 1 – WWII: The Declaration by United Nations is signed by China, the United Kingdom, the United States, the Soviet Union, and 22 other nations, in which they agree "not to make any separate peace with the Axis powers". * January 5 – WWII: Two prisoners, British officer Airey Neave and Dutch officer Anthony Luteyn, escape from Colditz Castle in Germany. After travelling for three days, they reach the Swiss border. * January 7 – WWII: ** Battle of Slim River: Japanese forces of the 5th Division (Imperial Japanese Army), 5th Division, sup ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Budapesti Corvinus Egyetem
Corvinus University of Budapest () is a private research university in Budapest, Hungary. The university currently has an enrolment of approximately 9,600 students, with a primary focus on business administration, economics, and social sciences, operating in Budapest and Székesfehérvár since 1948. Corvinus University accepts students at six faculties and offer courses leading to degrees at the bachelor, master and doctoral level in specialisations taught in Hungarian, English, French or German. Considered to be one of the most prestigious and selective universities in Hungary, Corvinus alumni include a former prime minister of Hungary, governors of the Hungarian National Bank as well as various members of the Hungarian political and business elite. History In 1846, József Industrial School opened its gates with departments for economics and trade for upper grade students. The immediate forerunner of the Corvinus University of Budapest, the Faculty of Economics of the Royal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chicken (game)
The game of chicken, also known as the hawk-dove game or snowdrift game, is a model of conflict for two players in game theory. The principle of the game is that while the ideal outcome is for one player to yield (to avoid the worst outcome if neither yields), individuals try to avoid it out of pride, not wanting to look like "chickens". Each player taunts the other to increase the risk of shame in yielding. However, when one player yields, the conflict is avoided, and the game essentially ends. The name "chicken" has its origins in a game in which two drivers drive toward each other on a collision course: one must swerve, or both may die in the crash, but if one driver swerves and the other does not, the one who swerved will be called a "chicken", meaning a coward; this terminology is most prevalent in political science and economics. The name "hawk–dove" refers to a situation in which there is a competition for a shared resource and the contestants can choose either conciliat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prisoner's Dilemma
The prisoner's dilemma is a game theory thought experiment involving two rational agents, each of whom can either cooperate for mutual benefit or betray their partner ("defect") for individual gain. The dilemma arises from the fact that while defecting is rational for each agent, cooperation yields a higher payoff for each. The puzzle was designed by Merrill Flood and Melvin Dresher in 1950 during their work at the RAND Corporation. They invited economist Armen Alchian and mathematician John Williams to play a hundred rounds of the game, observing that Alchian and Williams often chose to cooperate. When asked about the results, John_Forbes_Nash_Jr., John Nash remarked that rational behavior in the Prisoner's dilemma#The_iterated_prisoner's_dilemma, iterated version of the game can differ from that in a single-round version. This insight anticipated a Folk_theorem_(game_theory), key result in game theory: cooperation can emerge in repeated interactions, even in situations where it i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Minimax Theorem
In the mathematical area of game theory and of convex optimization, a minimax theorem is a theorem that claims that : \max_ \min_ f(x,y) = \min_ \max_f(x,y) under certain conditions on the sets X and Y and on the function f. It is always true that the left-hand side is at most the right-hand side ( max–min inequality) but equality only holds under certain conditions identified by minimax theorems. The first theorem in this sense is von Neumann's minimax theorem about two-player zero-sum games published in 1928, which is considered the starting point of game theory. Von Neumann is quoted as saying "''As far as I can see, there could be no theory of games ... without that theorem ... I thought there was nothing worth publishing until the Minimax Theorem was proved''". Since then, several generalizations and alternative versions of von Neumann's original theorem have appeared in the literature. Bilinear functions and zero-sum games Von Neumann's original theorem was motivated by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Los Angeles
Los Angeles, often referred to by its initials L.A., is the List of municipalities in California, most populous city in the U.S. state of California, and the commercial, Financial District, Los Angeles, financial, and Culture of Los Angeles, cultural center of Southern California. With an estimated 3,878,704 residents within the city limits , it is the List of United States cities by population, second-most populous in the United States, behind only New York City. Los Angeles has an Ethnic groups in Los Angeles, ethnically and culturally diverse population, and is the principal city of a Metropolitan statistical areas, metropolitan area of 12.9 million people (2024). Greater Los Angeles, a combined statistical area that includes the Los Angeles and Riverside–San Bernardino metropolitan areas, is a sprawling metropolis of over 18.5 million residents. The majority of the city proper lies in Los Angeles Basin, a basin in Southern California adjacent to the Pacific Ocean in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pécs
Pécs ( , ; ; Slovak language, Slovak: ''Päťkostolie''; also known by #Name, alternative names) is List of cities and towns of Hungary#Largest cities in Hungary, the fifth largest city in Hungary, on the slopes of the Mecsek mountains in the country's southwest, close to the border with Croatia. It is the administrative and economic centre of Baranya County, and the seat of the Roman Catholic Diocese of Pécs. A city dating back to ancient times, settled by the Celts and the Romans, it was made an episcopal see in early medieval Hungary. It has University of Pécs, the oldest university in the country, and is one of its major cultural centers. Pécs has a rich cultural and architectural heritage stemming from 150 years of Ottoman rule, and it contains the largest number of Turkish Ottoman buildings found in any city in Central Europe. It is historically a multi-ethnic city where many cultures have interacted through 2,000 years of history. In recent times, it has been recognize ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of Southern California
The University of Southern California (USC, SC, or Southern Cal) is a Private university, private research university in Los Angeles, California, United States. Founded in 1880 by Robert M. Widney, it is the oldest private research university in California, and has an enrollment of more than 49,000 students. The university is composed of one Liberal arts education, liberal arts school, the University of Southern California academics, Dornsife College of Letters, Arts and Sciences, and 22 Undergraduate education, undergraduate, Graduate school, graduate, and professional schools, enrolling roughly 21,000 undergraduate and 28,500 Postgraduate education, post-graduate students from all fifty U.S. states and more than 115 countries. It is a member of the Association of American Universities, which it joined in 1969. USC sponsors a variety of intercollegiate sports and competes in the National Collegiate Athletic Association (NCAA) and the Big Ten Conference. Members of USC's sports ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ford Foundation
The Ford Foundation is an American private foundation with the stated goal of advancing human welfare. Created in 1936 by Edsel Ford and his father Henry Ford, it was originally funded by a $25,000 (about $550,000 in 2023) gift from Edsel Ford. By 1947, after the death of the two founders, the foundation owned 90% of the Non-voting stock, non-voting shares of the Ford Motor Company. (The Ford family retained the voting shares.) Between 1955 and 1974, the foundation sold its Ford Motor Company holdings and now plays no role in the automobile company. In 1949, Henry Ford II created Ford_Motor_Company#Ford_Philanthropy, Ford Philanthropy, a separate corporate foundation that to this day serves as the philanthropic arm of the Ford Motor Company and is not associated with the foundation. For many years, the foundation's financial endowment was the largest private endowment in the world; it remains among the List of wealthiest foundations, wealthiest. For fiscal year 2023, it reporte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
