Chapter 5
Building the Model
“Do not be misled by what you seearound you, or be influenced by whatyou see. You live in a world which isa playground of illusion, full of falsepaths, false values and false ideals. Butyou are not part of that world.”
—Sai Baba, Indian guru
John Forbes Nash, Jr., the Nobel Prize–winning mathematician portrayed by Russell Crowe in A Beautiful Mind (2001) is well known for his theory of equilibrium. He famously called economist Adam Smith wrong for asserting that the best result comes from everyone in a group doing what’s best for himself. Nash believes that Smith saw only half the picture—the competitive side. That didn’t make sense to Nash, who concluded in A Beautiful Mind that “the best for the group comes when ...
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