Economics with no prices and no games.
15 November 2023
- Mendel Museum´s Augustinian Abbey Refectory at Mendel Square
Ariel Rubinstein is a renowned economist and game theorist whose work has significantly contributed to our understanding of economic and strategic decision-making. Born in 1951 in Tel Aviv, Israel, he has made substantial contributions to various fields within economics, particularly in the realm of game theory, which explores how individuals and firms make choices in strategic situations. Rubinstein's research has delved into topics such as bargaining, decision-making under uncertainty, and the psychology of economic behavior. His insightful analyses and innovative approaches have had a lasting impact on economic theory and have earned him recognition as one of the leading intellectuals in the field. Ariel Rubinstein's influential work continues to shape the way we think about economics and human decision-making.
A new book coauthored with Michael Richter will be introduced. I will discuss three models of interaction between agents with NO PRICES and NO GAMES. In these models, each equilibrium concept reflects a social institution that systematically alters either the agents' choice sets or their preferences. The lecture will focus on simple examples that illustrate the concept.