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It is attainable to transform any continuous-sum game into a (possibly asymmetric) zero-sum game by adding a dummy player (often named "the board") whose losses compensate the players' net winnings. In 1994, John Nash was awarded the Nobel Memorial Prize in the Financial Sciences for his contribution to game theory. Nash's most renowned contribution to game theory is the idea of the Nash equilibrium, which is a answer notion for non-cooperative games. A Nash equilibrium is a set of tactics, 1 for each and every player, such that no player can improve their payoff by unilaterally changing their method. In the 1970s, game theory was extensively applied in biology, largely as a outcome of the function of John Maynard Smith and his evolutionarily steady approach. In addition, the concepts of correlated equilibrium, trembling hand perfection and widespread understanding[a] were introduced and analyzed.