Center for the Study of Rationality

The Center for the Study of Rationality was established in 1991 as an interdisciplinary research center at the Hebrew University of Jerusalem. In scope and in expertise, it is a unique enterprise. Its members belong to about a dozen different departments, and are among the top authorities in their fields.

The purpose of the Center is to foster research on individual rationality and interactive decision theory at both disciplinary and interdisciplinary levels. Rationality here means that decisions are made in a consistent manner to maximize benefit (utility). Interactive decision theory (also known as game theory) studies what happens when rational agents with different goals interact, each making its own decisions on the basis of what is best for itself, while taking into account that the others are doing the same. These ideas underlie much of economic theory, and have also had an important influence in such diverse areas as evolutionary biology, psychology, political science, computer science, law, statistics, philosophy, and the foundations of mathematics. 

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Since May 19, 2002