Works
- Spieltheoretische Behandlung eines Oligopolmodells mit Nachfrageträgheit, Zeitschrift für die gesamte Staatswissenschaft, 1965
In Thinking Tools
Known for
A German game theorist who in this 1965 paper proposed subgame perfect equilibrium, which rules out threats that would not be credible at the moment they had to be carried out and is found by backward induction. He shared the 1994 Nobel Memorial Prize in Economic Sciences with John Harsanyi and John Nash.