Mallari, Ronalie

BSBA-FM 2-8s

A completely captivating movie may come from the real-life one. One of

those movies is the film directed by Ron Howard, and it was released in the

Philippines way back on 2002. It was an American drama movie that featured

the eventful and beautiful life of one of the prominent and important face of

Economics and Mathematics, John Forbes Nash Jr. The film shows how high is

Nash's accomplishment, despite on his mental incapacity; he had schizophrenia.

The movie is relatable in different ways; We can relate because we also have a

dream, we're also that person whose longing for accomplishment in life. Some

individual may be mentally disabled but that disability does not affect his goal

toward achieving his aspirations. Above all, this movie is also relatable to

Economics, it gave birth to one of the remarkable notion of equilibrium, the "Nash

Equilibrium."

"The best result will come from everyone in the group doing what's best

for himself and the group." -- It's one of the remarkable line that the protagonist,

John Nash states in his biography film. That statement of him gave birth to the

well known "Nash Equilibrium" today. Nash's imagination was very huge, and

he's devotion in his passion -- Economics and Mathematics, is undeniably

admirable. That equilibrium of him helps a lot of mathematician and economists

in these modern world. This notion of him is believed to be one of the most

significant concepts of game theory. Game theory is the study of mathematical

models that will lead to rational decision making. In other words, Nash

Equilibrium helps the decision makers to analyze and make the optimum

decision for the common good. This notion of equilibrium will help the economic

person who want the best outcome for himselves through taking consideration in

the decision of other people, outside and inside of his economic environment.

Nash equilibrium also manifesting the inexact Adam Smith's (Father or Modern

Economics) theory. Nash assert that Smith is wrong. He believe that there is

better solution to the problem rather than just a pure competition. For instance, in

the case of two companies of beverages whether to advertise or not, if each

company knows that both of them will be advertising, there is Nash equilibrium if

each of the companies is seeking for the optimum possible advertising strategy,

while fully aware of the strategies that his opposing company is striving. As soon

as Nash Equilibrium is reached, there is no reason for any of the two companies

to consider changing their strategy. Generally speaking, when Nash equilibrium

exists, none of the two companies has anything to gain by changing only his own

strategy. Another point is this Nash Equilibrium also helps the economists in

terms of deciding and being knowledgeable enough about the actions of his

competing companies. Nash Equilibrium also helps those economically inclined

individual to be aware on the strenght and weakness of other competing

companies so that it will lead to the optimum decision making. On the whole, this

Equilibrium of the Notable person, John Nash, is crucial not only in the world of

economics and mathematics, but also in social sciences.

A true to life movie is indeed an inspiration for the huge number of people.
This movie of John Nash, is really motivational and it is worth watching for. I,

myself will admit that I'm not fond of watching movies or series, I actually got

bored in the beginning of the movie, but as I watched and laid my eyes on the

movie, they got my attention. This movie really deserve its awards, because it

gives a lot of moral lesson in every individual's perspectives. It touches the heart

of everyone who had watched it. It's about giving chance, Accepting oneself. I

love how John Nash's wife, Alicia, stays by his side regardless of his illness, this

kind of love is one of the most unconditional love I've ever seen. The love that

Alicia gave John is a remarkable event that emphasizing that those who truly

care for you will bring the best in you and never stress in you. Above all, this film

is a great help for every business people and of course, Economists, because

Nash's journey leads to the creation of the Nash equilibrium that is widely used

by them, in being totally aware on how their competing economical people

responds to each other's economical strategies. This concept of Nash, really did

support the decision making of every economists thus giving them the best and

optimum decision that will help not only theirselves but the society as a whole.