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Reinhard Selten [1930-0] German

Rank: 106
Economist

Reinhard Justus Reginald Selten was a German economist, who won the 1994 Nobel Memorial Prize in Economic Sciences. He is also well known for his work in bounded rationality, and can be considered as one of the founding fathers of experimental economics.

Quote	Tags	Rank
I am addicted to research, let's say.		101
I was born in Breslau on October 5th, 1930. At that time, Breslau, now called Wroclaw, belonged to Germany, and only German was spoken there. After the Second World War, Breslau became Polish, and the original German population was almost completely replaced by a Polish one. I have never visited Wroclaw after the war.		102
When I was born, my father owned a business called a 'reading circle'; folders containing an assortment of magazines were lent to customers for one week, then recollected and lent out again. The older the folder, the lower was the fee. This was a flourishing branch of industry.		103
When I finished high school, it was clear to me that I would study mathematics, even if I also considered economics and psychology.		104
My first contact with game theory was a popular article in 'Fortune Magazine' which I read in my last high school year. I was immediately attracted to the subject matter, and when I studied mathematics, I found the fundamental book by von Neumann and Morgenstern in the library and studied it.		105
I did several types of work about several investigations of application of game theory to international relations.		106
If somebody is young and brilliant and imaginative, he will be listened to, even if he is a little unorthodox.		107
It's very productive scientifically; I often get some very good ideas for my research while hiking.		108

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