b. 1951
Ariel Rubinstein is an Israeli economist and game theorist known for his influential work on bargaining theory, bounded rationality, and the foundations of game theory. He has made significant contributions to the analysis of strategic behavior under cognitive constraints and has been a persistent critic of the direct application of formal economic models to real-world policy.
Developed the Rubinstein bargaining model of alternating offers
Pioneered formal analysis of bounded rationality in economic theory
Co-authored 'A Course in Game Theory' with Martin Osborne, a foundational textbook
Advanced the critique that economic models are fables, not direct policy tools
Contributed to the epistemic foundations of game theory and common knowledge
Plausibility updates in sequential games during actual play differ in interpretation from plausibility updates used in pregame deliberation for Backward Induction.
claimThere is a fundamental tension between treating logical knowledge as a priori and the computational intractability of deciding logical validity.
Plausibility updates in sequential games during actual play differ in interpretation from plausibility updates used in pregame deliberation for Backward Induction.
claimThere is a fundamental tension between treating logical knowledge as a priori and the computational intractability of deciding logical validity.