Reinhard Selten
Reinhard Selten was a German economist and a Nobel laureate known for his contributions to game theory, particularly for developing concepts that have been foundational in understanding strategic interactions in economics. His work has influenced various fields, including economics, social sciences, and biology. Selten's research emphasized the importance of bounded rationality in decision-making processes, earning him recognition as one of the leading thinkers in behavioral economics.
Born on Oct 05, 1930 (94 years old)
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Nobel laureate Professor Reinhard Selten emphasized the importance of understanding the duration of risk in investments.
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