I learned Prisoner's dilemma from Dr Poon at my first year in the CUHK. He used Nash Equilibrium to explain a lot of market outcomes. I was amazed and liked him a lot. Despite his mathematical approach and grade killer attitude, I took a few more courses taught by him.
Today Dr Hung introduced this games theory in the class. From the face of most of the learning partners, I could tell that they could not follow.
Dr Hung gave me new insight about the "value of guanxi" in Nash Equilibrium. Nash Equilibrium is a lose-lose outcome. Investing in Guanxi may be able to stabilize the win-win outcome by building on going positive expectation.
Tonight Pearl TV showed movie "A beautiful mind". The story was about John Nash. What a co-incident? I watched the movie a few years ago but I did not remember that I had learnt his theory. When I watched it again tonight, I felt I'm so close to this Nobel Prize Winner.
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