F. van Winden
- Understanding negotiations: A video approach in experimental gaming
- Book title
- The Selten school of behavioral economics
- Pages (from-to)
- Number of pages
- Heidelberg: Springer
- Document type
- Faculty of Economics and Business (FEB)
- Amsterdam School of Economics Research Institute (ASE-RI)
Reinhard Selten since the beginning of his scientific career has been concerned with developing descriptive theories that take account of the boundedly rational behavior of human subjects. The concept of bounded rationality was introduced by Herbert Simon in the 1950s (Simon 1955, 1957), and Selten was immediately convinced by his arguments (Selten 1995). Together with a group of other researchers in Frankfurt around the economist Heinz Sauermann who shared the view that behavior of economic agents is not adequately modeled by "homo oeconomicus" theories Reinhard Selten started to run economic experiments and to develop a corresponding methodology already in the 1950s (see Sauermann and Selten 1967). In Selten’s own words: "We invented experimental economics".
- go to publisher's site
If you believe that digital publication of certain material infringes any of your rights or (privacy) interests, please let the Library know, stating your reasons. In case of a legitimate complaint, the Library will make the material inaccessible and/or remove it from the website. Please Ask the Library, or send a letter to: Library of the University of Amsterdam, Secretariat, Singel 425, 1012 WP Amsterdam, The Netherlands. You will be contacted as soon as possible.