Author Archive | Tibor Farkas

Tibor´s father, uncle and cousin were incarcerated by the Communist Regime in Hungary as political enemies of the state. Their sentences ranged from seven to fifteen years. All were liberated by the Revolution in 1956. All but the cousin escaped Hungary, they crossed the barbed wires at the border and entered Austria. In roughly a […]

For their pioneering work in game theory, John C. Harsanyi, John Nash, and Reinhard Selten shared the 1994 Nobel Prize in Economics. Game theory is a system for using mathematics to predict the outcome of competitive games like chess or poker, which can also be applied to political and economic conflicts such as labor negotiations, […]