Reinhard Selten's Impact on Ec

Reinhard Selten catapulted to fame in 1994 when he was awarded the Nobel Prize in Economics, an honor he shared with John F. Nash of Princeton University and John C. Harsanyi of the University of California at Berkeley. The prize was awarded to this trio of economists due to their use of non-cooperative games like chess and poker to help understand complex economic issues. However, Selten had long been involved in many experimental aspects of economics, and has also worked with a variety of professors and scientists to better understand the experimental aspects of his field.

Reinhard Selten was born in Breslau, Germany in 1930. By the time he was a teenager, Selten had to leave Breslau due to his Jewish origins. With the Hitler regime controlling Germany and many Jews being outcast and annihilated, Selten fled with his family on a train. They eventually ended up in Melsungen, where Selten had the opportunity to go to high school. On his long walks to school (three and a half hours to school and back), Selten figured geometry and algebra problems in his head. Coupled with this interest in mathematics, Selten also had an extreme regard for eco

Some topics in this essay:
Reinhard Selten, Frankfurt Main, John Harsanyi, Princeton University, California Berkeley, Nash Harsanyi’s, Melsungen Selten, Amos Perlmutter, Johann-Wolfgang-Goethe-University Frankfurt, University Bonn, game theory, reinhard selten, selten able, experimental economics, non-cooperative games, selten involved, john harsanyi, sub-game perfection, university california berkeley, university california, games non-cooperative,