Ariel Rubinstein (Hebrew: אריאל רובינשטיין) (born April 13, 1951, Jerusalem) is an Israeli economist who works in game theory. He was educated at the Hebrew University of Jerusalem, 1972–1979, in both mathematics and economics. He is currently (2006) a professor of economics with the School of Economics at Tel Aviv University and with the Department of Economics at New York University.
In 1982, he published "Perfect equilibrium in a bargaining model",[1] an important contribution to the theory of bargaining. The model is known also as a Rubinstein bargaining model. It describes two-person bargaining as an extensive game with perfect information in which the players alternate offers. A key assumption is that the players are impatient. The main result gives conditions under which the game has a unique subgame perfect equilibrium and characterizes this equilibrium. He also co-wrote A Course in Game Theory (1994) with Martin J. Osborne, a book that has been cited in excess of 4,000 time as of November 2011, more than any other work on game theory listed in Google Scholar.
Contents |
Rubinstein was elected a member of the Israel Academy of Sciences (1995), a Foreign Honorary Member of the American Academy of Arts and Sciences in (1994)[2] and the American Economic Association (1995). In 1985 he was elected a fellow of the Econometric Society,[3] and served as its president in 2004.[4]
In 2002, he was awarded an honorary doctorate by the Tilburg University.[5]
He has received the Bruno Prize (2000), the Israel Prize for economics (2002),[6][7] the Nemmers Prize (2004),[8][9] and the Emet Prize (2006).[10]