Richard Zeckhauser Photo

Richard Zeckhauser

Appointment
Frank Plumpton Ramsey Professor of Political Economy
Office Address
79 John F. Kennedy St. Littauer Bldg 312
617-495-1174
Zeckhauser, Richard. "Howard Raiffa and Our Responsibility to Rationality." Negotiation Journal 33.4 (October 2017): 329-332.

Abstract

Howard Raiffa improved many peoples’ lives by pushing out the boundaries of academic fields, changing forever the areas of game theory, decision analysis, and negotiation analysis. Game theory, as a field, had been mostly lying fallow until Howard, with Duncan Luce, wrote Games and Decisions (1957). In comments prepared for Howard’s memorial service, noted economist Thomas Schelling remarked: “I wouldn’t have won the Nobel Prize were it not for Howard Raiffa.” Like so many others, Schelling had first become entranced by game theory while reading Duncan Luce and Howard’s remarkable book.