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GAME THEORY / RESEARCHER PROFILE
John von Neumann
Minimax theorem • Foundations of strategic mathematics
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About this scholar
Von Neumann established the minimax theorem for two-player zero-sum games and, with Oskar Morgenstern, co-authored Theory of Games and Economic Behavior (1944). His work helped turn strategic interaction into a rigorous mathematical subject.
Example in practice
A firm deciding how to protect itself against the worst move by a competitor can reason with the minimax principle.
Sources and further reading
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