This article shows also that the concept of Perfect Foresight ( vollkommene Voraussicht ) is not a Robert E . Lucas'or Rational Expectations invention but rests in Game theory, Morgenstern and John von Neumann being the authors of " Theory of Games and Economic Behavior ".
32.
Despite the fact that Ramsey's work on probabilities was of great importance again no one paid any attention to it until the publication of " Theory of Games and Economic Behavior " of John von Neumann and Oskar Morgenstern in 1944 ( 1947 2nd ed .)
33.
After only two years of study at Princeton, Gillies completed his PhD before Mayberry, at age 25, in 1953, which was published in " Contributions to the theory of games, vol . 2 " in which he characterized the " core " which is the set of stable solutions in a non-zero sum game.
34.
The Bellman equation was first applied to engineering control theory and to other topics in applied mathematics, and subsequently became an important tool in economic theory; though the basic concepts of dynamic programming are prefigured in John von Neumann and Oskar Morgenstern's " Theory of Games and Economic Behavior " and Abraham Wald's " sequential analysis ".
35.
In 1991 he was awarded the Balzan Prize for Genetics and Evolution " For his powerful analysis of evolutionary theory and of the role of sexual reproduction as a critical factor in evolution and in the survival of species; for his mathematical models applying the theory of games to evolutionary problems " ( motivation of the Balzan General Prize Committee ).
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