Reinhard Selten Quotes

Germany, Economist
October 5, 1930 – August, 23, 2016.

Reinhard Justus Reginald Selten was a German economist, who won the 1994 Nobel Memorial Prize in Economic Sciences, shared with John Harsanyi and John Nash. He is also well known for his work in bounded rationality and can be considered as one of the founding fathers of experimental economics.

When I was born, my father owned a business called a 'reading circle'; folders containing an assortment of magazines were lent to customers for one week, then recollected and lent out again. The older the folder, the lower was the fee. This was a flourishing branch of industry.

Reinhard Selten
- Reading
- Born
- Industry
I was born in Breslau on October 5th, 1930. At that time, Breslau, now called Wroclaw, belonged to Germany, and only German was spoken there. After the Second World War, Breslau became Polish, and the original German population was almost completely replaced by a Polish one. I have never visited Wroclaw after the war.

Reinhard Selten