Ariel Rubinstein facts for kids
Quick facts for kids
Ariel Rubinstein
אריאל רובינשטיין |
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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 (born April 13, 1951) is a famous Israeli economist. He studies how people make choices and decisions. His work focuses on game theory and how people think when they are not perfectly logical.
Contents
About Ariel Rubinstein
Ariel Rubinstein is a professor of economics. He teaches at Tel Aviv University in Israel. He also teaches at New York University in the United States.
His Education and Early Life
Rubinstein studied at the Hebrew University of Jerusalem. He earned degrees in mathematics, economics, and statistics. He finished his Ph.D. in Economics in 1979.
What is the Rubinstein Bargaining Model?
In 1982, he created an important idea called the Rubinstein bargaining model. This model helps explain how two people can reach an agreement. It shows how they take turns making offers. The model assumes that people want to get a deal done quickly. It also shows when there is only one fair way to split things.
Understanding Game Theory
Ariel Rubinstein is well-known for his work in game theory. This is a field that studies how people make decisions when their choices affect others. It's like playing a game where everyone's moves matter.
Why Game Theory Matters
Game theory helps us understand many situations. It can explain how countries make decisions. It also shows how businesses compete. It's a way to look at strategic thinking.
Rubinstein's View on Game Theory
Rubinstein believes game theory is a good way to think about problems. However, he also says it's not always useful for real-life advice. He thinks real life has too many small details. These details are often left out of game theory models.
He once said that comparing a real-world problem, like a financial crisis, to a game theory puzzle is like saying it's a Greek tragedy. He felt that calling it a game theory problem made it sound more scientific than it really was.
Awards and Achievements
Ariel Rubinstein has received many important awards. These awards recognize his great contributions to economics.
Major Awards and Honors
- In 1995, he became a member of the Israel Academy of Sciences and Humanities.
- He was also chosen as an honorary member of the American Academy of Arts and Sciences in 1994.
- In 2004, he was the president of the Econometric Society.
- He received an honorary doctorate from Tilburg University in 2002.
Prestigious Prizes
Rubinstein has won several top prizes:
- The Bruno Prize (2000)
- The Israel Prize for economics (2002)
- The Nemmers Prize in Economics (2004)
- The EMET Prize (2006)
- The Rothschild Prize (2010)
Books by Ariel Rubinstein
Ariel Rubinstein has written many books about economics and game theory. These books help students and other economists learn from his ideas.
- Bargaining and Markets, with Martin J. Osborne, 1990
- A Course in Game Theory, with Martin J. Osborne, 1994
- Modeling Bounded Rationality, 1998
- Economics and Language, 2000
- Lecture Notes in Microeconomic Theory: The Economic Agent, 2006
- Economic Fables, 2012
See also
In Spanish: Ariel Rubinstein para niños
- List of Israel Prize recipients
