Ariel Rubinstein

Tel Aviv University
Economist; Educator
Social and Behavioral Sciences
International Honorary Member


Professor Ariel Rubinstein is a professor of economics at the School of Economics at Tel Aviv University and the Department of Economics at New York University. Rubinstein started studying mathematics and economics at the Hebrew University of Jerusalem, 1972–1979. In 1982, he published "Perfect equilibrium in a bargaining model", 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 times as of November 2011. Rubinstein is an elected member of the Israel Academy of Sciences and Humanities, American Economic Association, and fellow of the Econometric Society where he served as president in 2004. He has been awarded the Bruno Prize, Israel Prize, Nemmers Prize, EMET Prize, and Rothschild Prize. Rubinstein has held visiting positions at Nuffield College, Bell Laboratories, Berkeley, London School of Economics, Princeton University, University of Chicago, University of Pennsylvania, and Columbia University.
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