Nash developed an equilibrium concept fornon cooperative games that was later called the Nash Equilibrium. Stelten, of the Rheinish Friedrich_ Wilhems University in Born, refined the Nash equilibrium concept while Harsanyi, OF the University of California, Berleley, showed how games of incomplete information can be analysed.Harsan's work opened up a theoretical foundation for a new field of research , the economics of information, which focouses on strategic situations where differnt agents do not know each other's objectives
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