A " Cournot "model connected to the economy the contention

history channel documentary 2015 A " Cournot "model connected to the economy the contention of the fortifies business sector, as an arbiter of all contentions; Bertrand assembled something comparable, however took an alternate conclusion: The need of state mediation to control the oligopoly.

After a century, these studies would be taken up by the mathematician John von Neumann, who made the Minimax hypothesis of: "My the majority of its base is equivalent to its base of my most" . Von Neumann called attention to that in profoundly aggressive circumstances, the arbitrary conduct might be the best system, made the "zero entirety session of" whose standard is to winning everything, the failure nothing, the book The hypothesis of diversions and monetary conduct, distributed in 1944, whose co-writer was the German financial specialist Oskar Morgenstern.