The folk theorem shows that, given the right discount factor, nearly any outcome is a kind of solution named for this man.
Search-and-matching labor market models frequently treat the wage as determined by a process named for this man. He developed that "axiomatic" approach to bargaining in one of the few economics papers he wrote. The folk theorem shows that, given the right discount factor, nearly any outcome is a kind of solution named for this man. He proved the existence of that "solution concept" by showing a best response correspondence from the set of mixed strategies to itself has a (*) fixed point. In the prisoners' dilemma, the outcome in which both people confess even though it is not Pareto optimal is a type of equilibrium named for this man. For 10 points, name this mathematician who developed a namesake equilibrium notion in game theory.
Search-and-matching labor market models frequently treat the wage as determined by a process named for this man.
John Forbes Nash Jr. [accept Nash equilibrium or equilibria] &lt;Bailey&gt;