Game Theory and Fano’s Low-Level Equilibrium Trap
[Zehabesha - Ethiopia] - 5/10/2025
The Habesha Yonas Biru, PhD Fano’s problem is what economists call a low-level equilibrium trap — a state of stabilized paralysis, locked below its potential. Game theory, pioneered by John Nash and celebrated in the film A Beautiful Mind, helps explain why the Fano enterprise is stuck in (…)
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