The Selten School of Behavioral Economics

by Ockenfels, Axel; Sadrieh, Abdolkarim

• ISBN13: 9783642139826
• ISBN10: 3642139825
• Format: Hardcover
• Copyright: 2010-09-29
• Publisher: Springer Verlag

Summary

Reinhard Selten, to date the only German Nobel Prize laureate in economics, celebrates his 80th birthday in 2010. While his contributions to game theory are well-known, the behavioral side of his scientific work has received less public exposure, even though he has been committed to experimental research during his entire career, publishing more experimental than theoretical papers in top-tier journals. This Festschrift is dedicated to Reinhard Selten's exceptional influence on behavioral and experimental economics. In this collection of academic highlight papers, a number of his students are joined by leading scholars in experimental research to document the historical role of the 'œMeister' in the development of the research methodology and of several sub-fields of behavioral economics. Next to the academic insight in these highly active fields of experimental research, the papers also provide a glance at Reinhard Selten's academic and personal interaction with his students and peers.

Table of Contents

Exceptional Academic Behavior
Reinhard Selten a Wanderer	p. 3
Encounters with Reinhard Selten: An Office Mate's Report	p. 9
Reinhard Selten's Frankfurt Years from the Perspective of a Co-player	p. 19
Reinhard Selten and the Scientific Climate in Frankfurt During the Fifties	p. 29
Reinhard Selten Labs, Bounded Rationality and China	p. 33
Strategic Behavior
Drei Oligopolexperimente	p. 53
Deviations from Equilibrium in an Experiment on Signaling Games: First Results	p. 73
Strategy Choice and Network Effects	p. 89
Walking with Reinhard Selten: From the Origin to the Brain of the Guessing Game	p. 111
Pro-Social Behavior
Understanding Negotiations: A Video Approach in Experimental Gaming	p. 127
Institutions Fostering Public Goods Provision	p. 167
Social Behavior in Economic Games	p. 185
Organizational Behavior
The Equity Principle in Employment Relationships	p. 205
The Analysis of Incentives in Firms: An Experimental Approach	p. 221
Risky-Choice Behavior
Georges-Louis Leclerc de Buffon's 'Essays on Moral Arithmetic'	p. 245
Risky Choice and the Construction of Preferences	p. 283
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