What if the properties behind Bitcoin can be leveraged to achieve public policy goals? This is a question to be answered through trial, error, and experimentation.
It is here we consider John Nash’s famous equilibrium idea set from his initial game theory which spoke of transferability and comparability of payoffs as measured in utility units. Nash felt the study of cooperative bargaining could be unnecessarily restrictive as it requires extra-game collaboration, so concluded the problem of analysing cooperative games becomes the problem of obtaining a suitable, and convincing, non-cooperative model for the negotiation.
Therefore The Nash Institute has been established to promote this line of thinking and devote a policy forum to John Forbes Nash Jr., who ranks alongside Adam Smith as one of the most famous and citable economists of modern times.