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The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1994
John C. Harsanyi, John F. Nash Jr., Reinhard Selten

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Reinhard Selten - Facts

Reinhard Selten

Reinhard Selten

Born: 5 October 1930, Breslau (now Wroclaw), Germany (now Poland)

Affiliation at the time of the award: Rheinische Friedrich-Wilhelms-Universität, Bonn, Federal Republic of Germany

Prize motivation: "for their pioneering analysis of equilibria in the theory of non-cooperative games"

Field: game theory

Contribution: Refined the Nash equilibrium concept for analyzing dynamic strategic interaction by getting rid of unlikely equilibria. He also applied the refined concept to analyses of oligopolistic competition.

Prize share: 1/3

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MLA style: "Reinhard Selten - Facts". Nobelprize.org. Nobel Media AB 2013. Web. 21 Apr 2014. <http://www.nobelprize.org/nobel_prizes/economic-sciences/laureates/1994/selten-facts.html>

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This Prize was established in memory of Alfred Nobel.