Kenneth Binmore
| Kenneth George Binmore | |
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| Born | 27 September 1940 |
| Era | 20th-century philosophy · 21st-century philosophy |
| Region | Western Philosophy |
| School | Analytic philosophy |
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Main interests
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Game theory · Political philosophy · Ethics · Social contract theory · Mathematical analysis |
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Influences
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Kenneth George "Ken" Binmore, CBE (born 27 September 1940) is a British mathematician, economist, and game theorist. He is a Professor Emeritus of Economics at University College London (UCL) and a Visiting Emeritus Professor of Economics at the University of Bristol.
He is one of the founders of the modern economic theory of bargaining (along with Nash and Rubinstein), and has made important contributions to the foundations of game theory, experimental economics, and evolutionary game theory, as well as to analytical philosophy. Binmore took up economics after a career in mathematics, during which he held the Chair of Mathematics at the London School of Economics. Since his switch to economics he has been at the forefront of developments in game theory. His other research interests include political and moral philosophy, decision theory, and statistics. He is the author of more than 100 scholarly papers and 14 books.
He studied mathematics at Imperial College London where he was awarded 1st class honours BSc with Governor's Prize, and subsequently PhD (in mathematical analysis).
Binmore's major research contributions are to the theory of bargaining and its testing in the laboratory. He is a pioneer of experimental economics. He began his experimental work in the 1980s when most economists thought that game theory would not work in the laboratory. Binmore and his collaborators established that game theory can often predict the behaviour of experienced players very well in laboratory settings, even in the case of human bargaining behaviour, a particularly challenging case for game theory. This has brought him into conflict with some proponents of behavioural economics who emphasise the importance of other-regarding or social preferences, and argue that their findings threaten traditional game theory.
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