The Selten School of Behavioral Economics

1. Front Matter

   Pages i-xv

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2. Exceptional Academic Behavior

   1. Front Matter

      Pages 1-1

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   2. Reinhard Selten a Wanderer

      • Abdolkarim Sadrieh

      Pages 3-7

   3. Encounters with Reinhard Selten: An Office Mate’s Report

      • Otwin Becker

      Pages 9-17

   4. Reinhard Selten’s Frankfurt Years from the Perspective of a Co-player

      • Reinhard Tietz

      Pages 19-28

   5. Reinhard Selten and the Scientific Climate in Frankfurt During the Fifties

      • Horst Todt

      Pages 29-32

   6. Reinhard Selten Labs, Bounded Rationality and China

      • Fang-Fang Tang

      Pages 33-49

3. Strategic Behavior

   1. Front Matter

      Pages 51-51

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   2. Drei Oligopolexperimente

      • Klaus Abbink, Jordi Brandts

      Pages 53-72

   3. Deviations from Equilibrium in an Experiment on Signaling Games: First Results

      • Dieter Balkenborg, Saraswati Talloo

      Pages 73-87

   4. Strategy Choice and Network Effects

      • Siegfried K. Berninghaus, Claudia Keser, Bodo Vogt

      Pages 89-109

   5. Walking with Reinhard Selten and the Guessing Game: From the Origin to the Brain

      • Giorgio Coricelli, Rosemarie Nagel

      Pages 111-123

4. Pro-Social Behavior

   1. Front Matter

      Pages 125-125

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   2. Understanding Negotiations: A Video Approach in Experimental Gaming

      • Heike Hennig-Schmidt, Ulrike Leopold-Wildburger, Axel Ostmann, Frans van Winden

      Pages 127-165

   3. Institutions Fostering Public Goods Provision

      • Ernst Fehr, Simon Gächter, Manfred Milinski, Bettina Rockenbach

      Pages 167-184

   4. Social Behavior in Economic Games

      • Gary E. Bolton, Werner Güth, Axel Ockenfels, Alvin E. Roth

      Pages 185-202

5. Organizational Behavior

   1. Front Matter

      Pages 203-203

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   2. The Equity Principle in Employment Relationships

      • Sebastian J. Goerg, Sebastian Kube

      Pages 205-219

   3. The Analysis of Incentives in Firms: An Experimental Approach

      • Christine Harbring, Bernd Irlenbusch, Dirk Sliwka, Matthias Sutter

      Pages 221-241

6. Risky-Choice Behavior

   1. Front Matter

      Pages 243-243

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Reinhard Selten, to date the only German Nobel Prize laureate in economics, celebrates his 80th birthday in 2010. While his contributions to game theory are well-known, the behavioral side of his scientific work has received less public exposure, even though he has been committed to experimental research during his entire career, publishing more experimental than theoretical papers in top-tier journals. This Festschrift is dedicated to Reinhard Selten’s exceptional influence on behavioral and experimental economics. In this collection of academic highlight papers, a number of his students are joined by leading scholars in experimental research to document the historical role of the “Meister” in the development of the research methodology and of several sub-fields of behavioral economics. Next to the academic insight in these highly active fields of experimental research, the papers also provide a glance at Reinhard Selten’s academic and personal interaction with his students and peers.

• Behavior-based Micro-Economic Theory
• Boundedly Rational Reasoning
• Organizational Behavior
• Pro-social Behavior
• Signaling Behavior
• behavioral economics
• game theory

• Magdeburg, Otto-von-Guericke-Universität, Magdeburg, Germany

  Abdolkarim Sadrieh

• Staatswissenschaftliches, (Volkswirtschaftliches) Seminar, Universität Köln, Köln, Germany

  Axel Ockenfels

Axel Ockenfels is Professor of Economics at the University of Cologne and Director of the Cologne Laboratory of Economic Research. His research focuses on behavioral and design economics. The goal of much of his recent research and applied work is to improve the performance of 'real world' markets and institutions, as well as to analyze and model individual strategies in negotiation and bidding. Ockenfels has published prominently in many research areas, including economics, business administration, information systems, psychology, and sociology. He received his diploma in economics from the University of Bonn, and both his Ph.D. and Habilitation from the University of Magdeburg. Before his current position, Ockenfels spent a couple of years at the Penn State University, Harvard University, and the Max Planck Institute of Economics in Jena. Ockenfels is a Member of the Berlin-Brandenburgische Academy of Sciences and of the Nordrhein Westfalian Academy of Sciences. In 2005 he received the Leibniz Prize of the German Science Foundation. Abdolkarim Sadrieh is Professor of Economics and Management at the University of Magdeburg and on the Scientific Board of the Magdeburg Laboratory for Experimental Economics. His research focuses on applications of game theory and experimental economics to a wide range of interaction design issues in management and economics. He has published prominently on the design of consumer and labor markets, supply-chain interaction, environmental decision-making, work incentives in organizations, and taxation. Sadrieh received his diploma and his Ph.D. in economics from the University of Bonn. Before his current position, Sadrieh was the Director of the Bonn Laboratory for Experimental Economics and the Director of the CentERlab at Tilburg University. Currently, he is the Vice President of the German Association for Experimental Economic Research (GfeW).

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