Cooperation, Rationality, and Bounded Reality

Robert J. Aumann is a professor of mathematics at the Hebrew University of Jerusalem, where he has been teaching since 1956. He holds a B.S. from the City College of New York and M.S. and Ph.D. degrees from M.I.T. Professor Aumann has held visiting positions at Princeton, Yale, Tel-Aviv University, University of California-Berkeley, CORE, Stanford University, the University of Minnesota, MSRI, and SUNY-Stony Brook. Winner of the 1984 Harvey Prize and the 1994 Israel prize, he is a Fellow of the Econometric Society, a Foreign Honorary Member of the American Academy of Arts and Sciences and the American Economic Association, and a Member of the U.S. National Academy of Sciences and the Israel Academy of Sciences and Humanities.

Professor Aumann is a leader in the development of game theory and its applications to economics. His research has made fundamental advances in several areas of mathematical economics, cooperative and noncooperative game theory. He is the author of four books and more than sixty research articles, and has supervised a dozen Ph.D. students who have become major contributors to the field.

NOTE: Research for this lecture was supported by the National Science Foundation under grant IRI-8814953. Subsequent to the Schwartz lecture, versions of this lecture were presented at a workshop on bounded rationality at the Institute for Mathematical Studies in the Social Sciences (Economics), Stanford University, July 1989, the Fourth Conference on Theoretical Aspects of Reasoning About Knowledge, Monterey, March, 1992. and at the NATO Advanced Study Institute on Game Theoretic Models of Cooperation, Stony Brook, July 1994.