Capto Consulting - Insights: "A Beautiful Mind, Nash introduced the distinction between cooperative games, in which binding agreements can be made, and non-cooperative games, where binding agreements are not always feasible. He developed an equilibrium concept for non-cooperative game scenarios that is called the Nash Equilibrium.
Simply stated, he proved that companies that work together will discover that the sum of the parts can be better when combined effectively than if they work at cross-purposes. "
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