Sunday, 4 September 2016

Reinhard Selten, 1930-2015

Last year we lost John Nash, and last week his fellow 1994 Nobel Prize winner Reinhard Selten passed away. Selten was the last surviving member of the trio of 1994 Nobel winners, who were recognised for their work on various aspects of game theory.

My students might not recognise Selten's name, but we make use of his work in ECON100, particularly the idea of subgame perfect Nash equilibrium in sequential games, and in 'Selten entry games'.

Bloomberg covers some of Selten's work in their obituary, and for something more detailed (and technical) see this piece at A Fine Theorem. Selten's Nobel biographical is here.

[HT: Marginal Revolution]

No comments:

Post a Comment