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Reinhard Selten

1930–2016

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Reinhard Selten (1930–2016) was a German economist and Nobel laureate, best known for his pioneering work in game theory, particularly the refinement of Nash equilibrium with subgame perfect equilibrium. He was a leading figure in experimental economics and a lifelong advocate for bounded rationality, challenging the neoclassical assumption of perfect rationality.

Economics

WORKS

A General Theory of Equilibrium Selection in Games (with John Harsanyi)
Models of Strategic Rationality
Bounded Rationality and the Theory of the Firm
The Chain Store Paradox
Reexamination of the Perfectness Concept for Equilibrium Points in Extensive Games
Experimentelle Wirtschaftsforschung (Experimental Economics Research)

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