econreaction.docx
TRANSCRIPT
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A Beautiful Mind
A winner of eight Oscar nominations, “A Beautiful Mind” is about a guy who wins the
Nobel Prize for Economics !hough "ohn Nash "r is actually a mathematician, his inno#ati#e
wor$ in game theory guaranteed that economics would ne#er be the same, and his %&&'
Nobel Prize was well(deser#ed )ntil today, the conce*t of “Nash e+uilibrium” is a #ital tool in
understanding strategic beha#ior in economics
"ohn Nash is a mathematical genius who ha**ens to ha#e schizo*hrenia is
*rinci*al diagnosis is that he has *aranoid schizo*hrenia, one of the most disabling and
emotionally de#astating illnesses $nown to man !here are no *ro#isional diagnoses, which
can be ruled out or confirmed Other conditions that may be the focus of the treatment for
"ohn Nash is ha#ing *roblems with his social en#ironment, education, and occu*ation
According to the mo#ie, there was this scene in a bar where we first encountered
"ohn Nash-s conce*t of game theory “Nash and his friends, also mathematics graduate
students, are sitting in a Princeton bar when fi#e women enter, one of which is a stri$ingly
beautiful blonde One of his friends +uoted Adam .mith and ad#ocates /e#ery man for
himself/, but Nash argues that a coo*erati#e a**roach would lead to better chances of
success because doing so will anger the woman-s friends and the result will be that none of
the men will succeed in their romantic endea#ors e *ro*oses a coo*erati#e *lan in which
the men all hit on the beautiful blonde-s less beautiful friends” 0Brod, 12213 !his is a
creati#e way to *resent an idea !hrough this scene, we were actually able to slowly gras*
the idea of game theory "ohn Nash was wise enough to *ro#e his *oint through this, it is
easily com*rehensible and it e4*lains the logic of oligo*oly-s game theory
!he basic idea of the game theory is that a strategic situation can be thought of as a
game Basically, it in#ol#es an analysis of different strategies when dealing with situations
where the outcome of a *erson-s choice de*ends on the actions of the other *erson 5n other words, the success of one indi#idual is a result to a loss of the other “6or e4am*le, in the
game of chess, you cannot *redict the success of one *layer-s mo#es without assessing the
mo#es of the other *layer” 0.emania, 12%%3 !hat is the economic side of the mo#ie Aside
from that, the mo#ie also focuses on the struggle of Nash as a schizo*hrenic *atient where
his mental instability grows to uncontrolled e4tents and the lines between reality and
delusion begin to occur as his hallucinations ta$e control of his life in e#ery instant All his
struggles as a mathematician, father and husband were clearly em*hasized and how in the
end, he was able to sur#i#e, some others would classify his “se#ere” condition
https://en.wikipedia.org/wiki/Adam_Smithhttps://en.wikipedia.org/wiki/Adam_Smith
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“A Beautiful Mind is an ins*iring story about trium*h o#er schizo*hrenia, among the
most de#astating and disabling of all mental disorders A Beautiful Mind succeeds in
realistically describing the disturbed thin$ing, emotion, *erce*tion, and beha#ior that
characterizes the disorder, and shows the difficult tas$ of management of and7or reco#ery
from the disorder” 0"a+ues, 12%%3
"ohn Nash is undeniably a genius but not *erfect e con+uered a lot of challenges
in his life and one of these was schizo*hrenia “Nash was suddenly thrown into a whirlwind
of emotions and sus*icions as he is diagnosed with *aranoid schizo*hrenia 5n a *owerful
and emotional way, it shows us, the #iewers, how difficult an illness li$e .chizo*hrenia can
be to not only face, but o#ercome, something that *eo*le today may not always realize !he
mo#ie did not only ha#e strong *oint and an im*ortant message, but it also deli#ered a
touching and sensiti#e, *artly e#en amusing $ind of way, with the hel* of *owerful actors, agreat screen*lay and e#en a few s*ecial effects to boost it u*” 08oolfrey, 12213 5t was such
an amazing turn of his life when he was able to reco#er and the way his wife handled things
e#en though their child was almost $illed by "ohn himself 5t was a miracle that his sic$ness
did not worsen but it is truly tragic that he died in a car crash e is definitely worth
remembering for his ideas9es*ecially how the game theory has changed how mar$ets
interact with each other 5t was able to untangle the deadloc$ of oligo*oly !he mo#ie
stunningly highlights the #alue of a #ery cle#er man who gains the trium*h of the souls and a
beautiful heart, mainly through the lo#e, faith and strength of his lo#ely wife 6or us, A
Beautiful Mind was not just a movie; it was life, a beautiful one, and a showpiece in every
sense of the word.
:eferences;
Brod, A 012213 An Economist-s Pers*ecti#e on “A Beautiful Mind” :etrie#ed from
htt*s;77webuncgedu7bae7documents7cber7article!Ed*B16suN*df
"a+ues, P 012%%3 ub Pages :etrie#ed from; htt*;77hub*agescom7literature7A(
BEA)!56)