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Harsanyi, John Charles, 1920-2000 (B3) Educated at Budapest, Sydney and Stanford Universities. After teaching at Budapest, Queensland, Stanford and Wayne State Universities, he became professor of business administration at the University of California at Berkeley from 1964 to 1990. He examined what it means for rational persons to make ethical judgements, and the games theory problem of establishing appropriate behaviour for rational persons, companies and nations in conflict with each other. His major works include Rational Behaviour and Bargaining Equilibrium (1977) and A General Theory of Equilibrium Selection in Games (1988, with Reinhard Selten). He shared the NOBEL PRIZE FOR ECONOMICS in 1994 with NASH and SELTEN.
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National Institute for Economic and Social Research (E6)<br />UK independent economics institute founded in 1938 to research into economic and social conditions. Apart from occasional pamphlets, it publishes an influential quarterly review and undertakes its own economic forecasting.
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<strong>Financial literacy</strong> – The ability to read, analyze, manage, and communicate about the personal financial conditions affecting material well-being. This term is used to describe financial education programs on college campuses and within high schools. The objective of financial literacy programs is to help students better manage their finances, budget effectively, and borrow wisely.
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