Reinhard Justus Reginald Selten (; 5 October 1930 – 23 August 2016) was a German economist, who won the 1994 Nobel Memorial Prize in Economic Sciences (shared with John Harsanyi and John Nash). He is also well known for his work in bounded rationality and can be considered one of the founding fathers of experimental economics.

Biography

Selten was born in Breslau (Wrocław) in Lower Silesia, now in Poland, to a Jewish father, Adolf Selten (a blind bookseller; d. 1942 Reinhard Selten was raised as Protestant. He was a member and co-founder of the International Academy of Sciences San Marino.

For the 2009 European Parliament election, he was the top candidate for the German wing of Europe – Democracy – Esperanto.

Work

For his work in game theory, Selten won the 1994 Nobel Memorial Prize in Economic Sciences (shared with John Harsanyi and John Nash). Selten was Germany's first and, at the time of his death, only Nobel winner for economics.

Bibliography

  • Preispolitik der Mehrproduktenunternehmung in der statischen Theorie, Berlin-Heidelberg-New York: Springer-Verlag, 1970, – in German
  • General Equilibrium with Price-Making Firms (with Thomas Marschak), Lecture Notes in Economics and Mathematical Systems, Berlin-Heidelberg-New York: Springer-Verlag, 1974,
  • A General Theory of Equilibrium Selection in Games (with John C. Harsanyi), Cambridge, Massachusetts: MIT-Press. (1988)
  • Models of Strategic Rationality, Theory and Decision Library, Series C: Game Theory, Mathematical Programming and Operations Research, Dordrecht-Boston-London: Kluwer Academic Publishers. (1988)
  • Game Equilibrium Models IV, Berlin, New York, Springer Verlag, 1991, .
  • Rational Interaction – Essays in Honor of John C. Harsanyi, Berlin, New York, Springer-Verlag, 1992, .
  • Enkonduko en la Teorion de Lingvaj Ludoj – Ĉu mi lernu Esperanton? (with Jonathan Pool), Berlin-Paderborn: Akademia Libroservo, Institut für Kybernetik. (1995) – in Esperanto
  • Game Theory and Economic Behavior: Selected Essays, 2. vol Cheltenham-Northampton: Edward Elgar Publishing. (1999)
  • New edition of: Models of Strategic Rationality (1988), with a Chinese Introduction. Outstanding Academic Works on Economics by Nobel Prize Winners. Dordrecht-Boston-London: Kluwer Academic Publishers. (2000)
  • Chinese Translation of: Models of Strategic Rationality (1988). Outstanding Academic Works on Economics by Nobel Prize Winners. Dordrecht-Boston-London: Kluwer Academic Publishers. (2000)
  • Russian Translation of: A General Theory of Equilibrium Selection in Games (with John C. Harsanyi), Cambridge, Massachusetts: MIT-Press. (2000)
  • Gigerenzer, G., & Selten, R. (Eds.). (2001). Bounded rationality: The adaptive toolbox. Cambridge, Massachusetts: MIT Press.
  • Impulse Balance Theory and its Extension by an Additional Criterion. BoD. (2015)

See also

  • Subgame perfect Nash equilibrium
  • List of Jewish Nobel laureates

References

  • Laboratory for Experimental Economics, at the University of Bonn, Germany
  • IDEAS/RePEc
  • Economista alemán, nacido en Breslau (actualmente Wroclaw, en Polonia).