The Non-cooperative Game, the Nash Theory of Equilibrium and Healthcare Management

Jennifer Landau and Elio Borgonovi

Chapter 3 in Relationship Competence for Healthcare Management, 2008, pp 51-72 from Palgrave Macmillan

Abstract: Abstract In his Nobel prize winning work, John Nash observed relationships from a mathematical and economic perspective. He was interested in relationships not only between people, but between organizations, and countries. In the previous chapters, this book has observed relationships between people in organizations, Nash observed what he termed transactions between parties. He called the relationships that developed from the observation of these transactions “games”. Game theory studies relationships from a different perspective, and uses different terms to describe the same issues. Briefly, in translation, games are relationships, transactions are agreements and actions, parties are the actors in the relationship.

Keywords: Nash Equilibrium; Optimal Outcome; Cooperative Game; Healthcare Organization; Group Practice (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-28668-9_4

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DOI: 10.1057/9780230286689_4

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