Ariel Rubinstein facts for kids
Quick facts for kids
Ariel Rubinstein
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Ariel Rubinstein, 2007
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| Born | April 13, 1951 Jerusalem, Israel
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| Institution | Tel Aviv University New York University |
| Field | Game theory, bounded rationality, choice theory, behavioral economics |
| Alma mater | Hebrew University of Jerusalem |
| Doctoral advisor |
Menahem Yaari |
| Awards | Israel Prize (2002) Nemmers Prize in Economics (2004) EMET Prize (2006) Rothschild Prize (2010) |
| Information at IDEAS / RePEc | |
Ariel Rubinstein (Hebrew: אריאל רובינשטיין; born April 13, 1951) is a famous Israeli economist. He is well-known for his work in game theory, which studies how people make choices when they interact with others. He also researches bounded rationality, which explores how people make decisions even when they don't have all the information or endless time.
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About Ariel Rubinstein
Ariel Rubinstein is a professor of economics. He teaches at Tel Aviv University in Israel and New York University in the United States.
His Early Life and Studies
Ariel Rubinstein studied at the Hebrew University of Jerusalem. From 1972 to 1979, he earned several degrees. He got his Bachelor's in Mathematics, Economics, and Statistics. He also earned Master's degrees in Economics and Mathematics. Finally, he completed his Ph.D. in Economics in 1979.
What is the Rubinstein Bargaining Model?
In 1982, Professor Rubinstein published an important paper. It was about how people bargain or negotiate. This idea is now known as the Rubinstein bargaining model.
This model helps us understand how two people might reach an agreement. Imagine two players taking turns making offers to each other. A key idea is that both players are "impatient." This means they prefer to settle sooner rather than later.
The model shows that under certain conditions, there's a clear way the bargaining will end. It helps predict what the final agreement will be.
Awards and Recognitions
Ariel Rubinstein has received many honors for his work.
- In 1995, he became a member of the Israel Academy of Sciences and Humanities.
- He was also made an honorary member of the American Academy of Arts and Sciences in 1994.
- In 1985, he became a fellow of the Econometric Society. He even served as its president in 2004.
He has also received several special awards:
- The Bruno Prize in 2000.
- The Israel Prize for economics in 2002. This is one of Israel's highest honors.
- The Nemmers Prize in Economics in 2004.
- The EMET Prize in 2006.
- The Rothschild Prize in 2010.
- In 2002, he received an honorary doctorate from Tilburg University. This is a special degree given to honor someone's achievements.
Books He Wrote
Ariel Rubinstein has written several important books on economics:
- 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
In Spanish: Ariel Rubinstein para niños
- List of Israel Prize recipients
