Rationality in Experimental Economics: An Analysis of Reinhard Selten’s Approach

  • Wenceslao J. Gonzalez
Part of the Boston Studies in the Philosophy of Science book series (BSPS, volume 237)


Experimental Economic Practical Rationality Mainstream Economic Expect Utility Maximization Epistemic Rationality 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. Bernoulli, D. 1738. “Specimen theoriae novae de mensura sortis”. Comentarii Academiae Scientiarum Imperialis Petropolitanae, v. 5, pp. 175–192. (English translation by L. Sommer: “Exposition of a New Theory on the Measurement of Risk”. Econometrica 22: 23–36, 1954).Google Scholar
  2. Bicchieri, C. 1987. “Rationality and Predictability in Economics”. British Journal for the Philosophy of Science 38: 501–513.Google Scholar
  3. Bicchieri, C. 1992. “Two Kinds of Rationality”. In N. de Marchi (ed.), Post-Popperian Methodology of Economics. Boston: Kluwer, pp. 155–188.Google Scholar
  4. Bicchieri, C. 1993. Rationality and Coordination. Cambridge: Cambridge University Press.Google Scholar
  5. Gonzalez, W. J. 1994. “Economic Prediction and Human Activity. An Analysis of Prediction in Economics from Action Theory”. Epistemologia 17: 205–246.Google Scholar
  6. Gonzalez, W. J. 1997. “Rationality in Economics and Scientific Predictions: A Critical Reconstruction of Bounded Rationality and its Role in Economic Predictions”. Poznan Studies in the Philosophy of Sciences and the Humanities 61: 205–232.Google Scholar
  7. Gonzalez, W. J. 1998. “Prediction and Prescription in Economics: A Philosophical and Methodological Approach”. Theoria 13: 321–345.Google Scholar
  8. Gonzalez, W. J. 2001. “De la Ciencia de la Economía a la Economía de la Ciencia: Marco conceptual de la reflexión metodológica y axiológica”. In A. Avila, W. J. Gonzalez, and G. Marques (eds.), Ciencia económica y Economía de la Ciencia: reflexiones filosóficometodológicas. Madrid: FCE, pp. 11–37.Google Scholar
  9. Harsanyi, J. C. and Selten, R. 1988. A General Theory of Equilibrium Selection in Games. Cambridge, MA: MIT Press.Google Scholar
  10. Harsanyi, J. C. 1996. “The Work of John Nash in Game Theory”. Journal of Economic Theory 69: 158–161.Google Scholar
  11. Hey, J. D. and Loomes, G. (eds.) 1993. Recent Developments in Experimental Economics. Aldershot: Elgar.Google Scholar
  12. Holland, J. H., Holyoak, K. J., Nisbett, R. E. and Thagard, P. R. 1986. Induction: Processes of Inference, Learning, and Discovery. Cambridge, MA: MIT Press.Google Scholar
  13. March, J. G. and Simon, H. A. 1993. Organizations. 2nd ed., Cambridge, MA: Blackwell.Google Scholar
  14. Nash, J. 1996. “The Work of John Nash in Game Theory”. Journal of Economic Theory 69: 182–183.Google Scholar
  15. Rescher, N. 1988. Rationality. A Philosophical Inquiry into the Nature and the Rationale of Reason. Oxford: Oxford University Press.Google Scholar
  16. Rescher, N. 1999. Razón y valores en la Era científico-tecnológica. Barcelona: Paidós.Google Scholar
  17. Roth, A. 1986. “Laboratory Experimentation in Economics”. Economics and Philosophy 2: 245–273.Google Scholar
  18. Roth, A. 1987. “Laboratory Experimentation in Economics, and its Relation to Economic Theory”. In N. Rescher (ed.), Scientific Inquiry in Philosophical Perspective. Lanham: University Press of America, pp. 147–167.Google Scholar
  19. Roth, A. 1988. “Laboratory Experimentation in Economics: A Methodological Overview”. The Economic Journal 98: 974–1031. Reprinted in J. D. Hey, and G. Loomes (eds.), Recent developments in experimental economics, vol. I. Aldershot: Elgar, 1993, pp. 3–60.Google Scholar
  20. Sauermann, H. and Selten, R. 1959. “Ein Oligopolexperiment”. Zeitschrift für die gesamte Staatswissenschaft 115: 427–471. Reprinted in H. Sauermann (ed.), Beiträge zur experimentellen Wirtschaftsforschung. Tübingen: J. C. B. Mohr (Paul Siebeck), 1967, pp. 9–59.Google Scholar
  21. Sauermann, H. and Selten, R. 1962. “Anspruchsanpassungstheorie der Unternehmung”. Zeitschrift für die gesamte Staatswissenschaft 118: 577–597.Google Scholar
  22. Selten, R. 1978. “The Chain Store Paradox”. Theory and Decision 9: 127–159. Reprinted in R. Selten, Models of Strategic Rationality. Dordrecht: Kluwer, 1988, pp. 33–65.CrossRefGoogle Scholar
  23. Selten, R. 1979. “Limited Rationality and Structural Uncertainty”. In H. Berghel, A. Hübner, and E. Köhler (eds.), Wittgenstein, The Vienna Circle and Critical Rationalism. Vienna: Hölder-Pichler-Tempsky, pp. 476–483.Google Scholar
  24. Selten, R. 1982. “Equal Division Payoff Bounds for Three-Person Characteristic Function Experiments”. In R. Tietz (ed.), Aspiration Levels in Bargaining and Economic Decision Making. Berlin: Springer, pp. 255–275. Reprinted in R. Selten, Models of Strategic Rationality. Dordrecht: Kluwer, 1988, pp. 301–311.Google Scholar
  25. Selten, R. 1987. “Equity and Coalition Bargaining in Experimental Three-Person Games”. In A. E. Roth (ed.), Laboratory Experimentation in Economics — Six Points of View. Cambridge: Cambridge University Press, pp. 42–98.Google Scholar
  26. Selten, R. 1990. “Bounded Rationality”. Journal of Institutional and Theoretical Economics 146: 649–658.Google Scholar
  27. Selten, R. 1991a. “Evolution, Learning, and Economic Behavior”, 1989 Nancy Schwartz Memorial Lecture. Games and Economic Behavior 3: 3–24.CrossRefGoogle Scholar
  28. Selten, R. 1991b. “Properties of a Measure of Predictive Success”. Mathematical Social Sciences 21: 153–167.CrossRefGoogle Scholar
  29. Selten, R. 1993. “In Search of a Better Understanding of Economic Behavior”. In A. Heertje (ed.), Makers of Modern Economics. London: Harvestern Wheatsheaf, pp. 115–139.Google Scholar
  30. Selten, R. 1994. “New Challenges to the Rationality Assumption: Comment”. Journal of Institutional and Theoretical Economics 150: 42–44.Google Scholar
  31. Selten, R. 1998a. “Features of Experimentally Observed Bounded Rationality”. European Economic Review 42: 413–436.CrossRefGoogle Scholar
  32. Selten, R. 1998b. “Game Theory, Experience, Rationality”. In W. Leinfellner, and E. Köhler (eds.), Game Theory, Experience, Rationality. Dordrecht: Kluwer, pp. 9–34.Google Scholar
  33. Selten, R. and Ockenfels, A. 1998. “An Experimental Solidarity Game”. Journal of Economic Behavior and Organization 34: 517–539.CrossRefGoogle Scholar
  34. Selten, R. 2001. “What is Bounded Rationality?”. In G. Gigerenzer, and R. Selten (eds.), Bounded Rationality: The Adaptive Toolbox. Cambridge, MA: MIT Press, pp. 13–36.Google Scholar
  35. Sensat, J. 1998. “Game Theory and Rational Decision”. Erkenntnis 47: 379–410.Google Scholar
  36. Simon, H. A. 1983. Reason in Human Affairs. Stanford: Stanford University Press.Google Scholar
  37. Simon, H. A., Egidi, M., Marris, R., and Viale, R. 1992. Economics, Bounded Rationality, and Cognitive Revolution. Brookfield, VT: Elgar.Google Scholar
  38. Simon, H. A. 1997. Models of Bounded Rationality, vol. 3. Cambridge, MA: MIT Press.Google Scholar
  39. Simon, H. A. 2000. “Bounded Rationality in Social Science: Today and Tomorrow”. Mind and Society 1: 25–39.Google Scholar
  40. Smith, V. L., McCabe, K. A. and Rassenti, S. J. 1991. “Lakatos and Experimental Economics”. In N. de Marchi, and M. Blaug (eds.), Appraising Economic Theories. Aldershot: Elgar, pp. 197–227.Google Scholar

Copyright information

© Kluwer Academic Publishers 2003

Authors and Affiliations

  • Wenceslao J. Gonzalez
    • 1
  1. 1.Faculty of HumanitiesUniversity of A CoruñaFerrolSpain

Personalised recommendations