| Popis: |
The international reputation of Reinhard Selten is based on three pillars of his research activities that – similarly as in his “Three-Level-Theory” R. Selten (1978), The chain store paradox, Theory and Decision 9, pp. 127–159. – form an interplay. Those are namely: first Game Theory working with the assumption of strict rationality; second Experimental Economics studying real behavior in laboratory situations and third the theory of bounded rationality bridging the resulting contrast. He already laid the foundation for these three directions in his time in Frankfurt while studying mathematics, economics and psychology. |
