Ariel Rubinstein
Ariel Rubinstein אריאל רובינשטיין | |
|---|---|
 Ariel Rubinstein, 2007 | |
| Born | April 13, 1951 Jerusalem, Israel |
| Academic background | |
| Alma mater | Hebrew University of Jerusalem |
| Doctoral advisor | Menahem Yaari |
| Academic work | |
| Discipline | Game theory, bounded rationality, choice theory, behavioral economics |
| Institutions | Tel Aviv University New York University |
| Awards | Israel Prize (2002) Nemmers Prize in Economics (2004) EMET Prize (2006) Rothschild Prize (2010) |
| Website | |
Ariel Rubinstein (Hebrew: אריאל רובינשטיין; born April 13, 1951) is an Israeli economist who works in economic theory, game theory and bounded rationality.
Biography
[edit]Ariel Rubinstein is a professor of economics at the School of Economics at Tel Aviv University and the Department of Economics at New York University. He studied mathematics and economics at the Hebrew University of Jerusalem, 1972–1979 (B.Sc. Mathematics, Economics and Statistics, 1974; M.A. Economics, 1975; M.Sc Mathematics, 1976; Ph.D. Economics, 1979).
In 1982, he published "Perfect equilibrium in a bargaining model",[1] an important contribution to the theory of bargaining. The model is known also as a Rubinstein bargaining model. It describes two-person bargaining as an extensive game with perfect information in which the players alternate offers. A key assumption is that the players are impatient. The main result gives conditions under which the game has a unique subgame perfect equilibrium and characterizes this equilibrium.
Relevance of game theory
[edit]Rubinstein has argued against the relevance of game theory to practical decision-making. He characterizes game theory as a way to abstractly describe idealized strategic situations stripped of details, but says this is useless in real life, where many details are relevant. He reports "I have not seen, in all my life, a single example where a game theorist could give advice, based on the theory, which was more useful than that of the layman."[2]
some contend that the Euro Bloc crisis is like the games called Prisoner's Dilemma, Chicken, or Diner's Dilemma. The crisis indeed includes characteristics that are reminiscent of each of these situations. But such statements include nothing more profound than saying that the euro crisis is like a Greek tragedy. While the comparison to a Greek tragedy is seen as an emotional statement by detached intellectuals, the assignment of a label from the vocabulary of game theory is, for some reason, accepted as scientific truth.[3]
Honours and awards
[edit]Rubinstein was elected a member of the Israel Academy of Sciences and Humanities (1995),[4] a Foreign Honorary Member of the American Academy of Arts and Sciences in (1994)[5] and the American Economic Association (1995). In 1985 he was elected a fellow of the Econometric Society,[6] and served as its president in 2004.[7]
In 2002, he was awarded an honorary doctorate by the Tilburg University.[8]
He has received the Bruno Prize (2000), the Israel Prize for economics (2002),[9][10] the Nemmers Prize in Economics (2004),[11][12] the EMET Prize (2006).[13] and the Rothschild Prize (2010).[14]
Published works
[edit]- Bargaining and Markets, with Martin J. Osborne, Academic Press 1990
- A Course in Game Theory, with Martin J. Osborne, MIT Press, 1994.
- Modeling Bounded Rationality, MIT Press, 1998.
- Economics and Language, Cambridge University Press, 2000.
- Lecture Notes in Microeconomic Theory: The Economic Agent, Princeton University Press, 2006.
- Economic Fables, Open Book Publishers, 2012.
- AGADOT HAKALKALA (heb.), Kineret, Zmora, Bitan, 2009.
See also
[edit]References
[edit]- ^ Rubinstein, Ariel (1982). "Perfect Equilibrium in a Bargaining Model" (PDF). Econometrica. 50 (1): 97–109. CiteSeerX 10.1.1.295.1434. doi:10.2307/1912531. JSTOR 1912531. S2CID 14827857.
- ^ Roell, Sophie (6 December 2016). "The best books on Game Theory". Five Books (Interview). London: Fivebooks Limited. Retrieved 28 May 2025.
- ^ Rubinstein, Ariel (27 March 2013). "How game theory will solve the problems of the Euro Bloc and stop Iranian nukes". Frankfurter Allgemeine Zeitung. Archived (PDF) from the original on 28 March 2013.
- ^ "Prof. Rubinstein Ariel Member Information (Election year 1995)". Israel Academy of Sciences and Humanities. Retrieved 27 May 2013.
- ^ "Book of Members, 1780–2010: Chapter R" (PDF). American Academy of Arts and Sciences. Archived (PDF) from the original on 13 June 2011. Retrieved 3 June 2011.
- ^ Welcome to the website of The Econometric Society An International Society for the Advancement of Economic Theory in its Relation to Statistics and Mathematics Archived December 10, 2008, at the Wayback Machine
- ^ Welcome to the website of The Econometric Society An International Society for the Advancement of Economic Theory in its Relation to Statistics and Mathematics Archived October 6, 2006, at the Wayback Machine
- ^ "Tilburg University - Search results". Tilburg University.
- ^ "Israel Prize Official Site (in Hebrew) – Recipient's C.V."
- ^ "Israel Prize Official Site (in Hebrew) – Judges' Rationale for Grant to Recipient".
- ^ Nemmers Prizes, Awards, Office of the Provost, Northwestern University Archived September 12, 2006, at the Wayback Machine
- ^ "The Erwin Plein Nemmers Prize in Economics". Archived from the original on February 22, 2006.
- ^ "סיעוד". Archived from the original on 2007-03-11.
- ^ "Rothschild Prize".
External links
[edit]- Personal Web site
- Nash lecture
- Roberts, Russ (April 25, 2011). "Rubinstein on Game Theory and Behavioral Economics". EconTalk. Library of Economics and Liberty.
- 1951 births
- Living people
- Game theorists
- 20th-century Israeli economists
- 21st-century Israeli economists
- Israel Prize in economics recipients
- Fellows of the American Academy of Arts and Sciences
- Corresponding fellows of the British Academy
- Fellows of the Econometric Society
- Academic staff of Tel Aviv University
- Presidents of the Econometric Society
- Members of the Israel Academy of Sciences and Humanities
- Members of the European Academy of Sciences and Arts
- Behavioral economists
- New York University faculty