1. Reinhard Selten's Impact on Ec
... and physics were eventually replaced by game theory and economics. Selten's first personal taste of game theory came after he read the monumental study by John von Neumann and Oskar Morgenstern titled Theory of Games and Economic Behavior. Later at Frankfurt, Selten was able to write a master's thesis on cooperative game theory that propelled him to begin work on extensive games ... . After receiving his Ph.D. in 1961, Selten had the distinct opportunity of meeting and discussing game theory with one of the innovators that had shaped his approach to economics. Oskar Morgenstern met with ...
- Word Count: 1416
- Approx Pages: 6
- Grade Level: Undergraduate