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I was always skeptical about authority, about things which were told by authorities, because I was living in a country and in a time where the author… - Reinhard Selten
" "I was always skeptical about authority, about things which were told by authorities, because I was living in a country and in a time where the authority was utterly wrong, in my view. And therefore I distrusted, I feared authority, I also fear it today. I am in a very, very fearful, I mean maybe more than other people, but I distrust authority. That makes me more independent and also some part of rebellious,... I’m a maverick.
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About Reinhard Selten
Reinhard Justus Reginald Selten (5 October 1930 – 23 August 2016) is a German economist, who won the 1994 Nobel Memorial Prize in Economic Sciences (shared with John Harsanyi and John Forbes 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.
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Reinhard Justus Reginald Selten
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Additional quotes by Reinhard Selten
Around 1958, I became aware of H.A. Simon's seminal papers on bounded rationality and was immediately convinced by his arguments. I tried to construct a theory of boundedly rational multigoal decision making. Together with Heinz Sauermann, I worked out an "aspiration adaptation theory of the firm" which was published as a journal article in 1962... More and more I came to the conclusion that purely speculative approaches like that of our paper of 1962 are of limited value. The structure of boundedly rational economic behavior cannot be invented in the armchair, it must be explored experimentally.
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