Skip to content

Reinhard Selten Quotes

d. 2016 Germany

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

Germany
Economists
Nobel laureates

Random Reinhard Selten quote

1 quote

Models of bounded rationality describe how a judgement or decision is reached (that is, the heuristic processes or proximal mechanisms) rather than merely the outcome of the decision, and they describe the class of environments in which these heuristics will succeed or fail.

Attribution

Quotes and notes from Wikiquote: Reinhard Selten (page history), available under CC BY-SA 4.0.