_משרד_המדע_

Nobel Prize in
Economic Sciences -
Repeated Games
Prof. Yisrael Aumann
The Hebrew University of Jerusalem
This researcher investigated situations of ongoing
interaction – “repeated games.” He showed that
social phenomena like trust, cooperation, altruism,
punishment, revenge and threats – which may at first
appear irrational – can be understood in terms of
the usual “selfish” paradigm of accepted economic
theory. For his research in this and related areas,
Prof. Aumann shared the Nobel Prize in Economic
Sciences in 2005.
Photo: Roei Greenberg
INTERNATIONAL AWARDS
8