Monday, October 24, 2016

No One Bids for John Nash Nobel Prize

John Nash received a Nobel Prize in economics for his work in game theory.

It was estimated by the auction house Sotheby's that the medal would go for between $2.5 million and $4 million.

No one bid for the medal.

What a spectacular way to witness disrespect of a theory that I view as having little practical value.

(And his theory about which women to pick up in a group, as portrayed in the film A Beautiful Mind, was all wrong.)



  1. What is the medal made out of? It should have some scrap value.

    1. Up to 1980 they were 23 carat gold. Then they were debased to 18 carat gold with silver and maybe nickel and then plated with 24 carat gold.

      Kind of a metaphor for the overall debasement of the Nobel Prize considering some of the nuts who get the prize.

  2. Could Bob Dylan's silence since he was awarded the Nobel Prize for Literature be insight into what Nobel Prizes are really worth?