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Ken Binmore

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Ken Binmore


Born
in London, The United Kingdom
September 27, 1940

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Professor of Economics at UCL, after holding corresponding positions at LSE and the University of Pennsylvania and Michigan. Onetime Professor of Mathematics at LSE.

Author of 77 published papers and 11 books. Research in evolutionary game theory, bargaining theory, experimental economics, political philosophy, mathematics and statistics.

Grants from National Science Foundation (3), ESRC (1), STICERD (2) and others. Chairman of LSE Economics Theory Workshop (10 years), Director of Michigan Economic Laboratory (5 years). Fellow of the Econometric Society and British Academy. Extensive collaboration with 25 co-authors.

Awarded the CBE in the New Years Honours List 2001 largely for his role in designing the UK 3G Spectrum Auction.

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Fun and Games: A Text on Ga...

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Quotes by Ken Binmore  (?)
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“Cooperation and conflict are two sides of the same coin, neither of which can be understood properly without taking account of the other.”
Ken Binmore, Game Theory: A Very Short Introduction

“Mechanism design takes up Hume's challenge by designing games in which the knaves to whom power is delegated are treated as players. The checks in the constitution are the rules of the game. These are used to prevent a player going off the rails in situations that the designer can effectively monitor and evaluate. However, it is the controls that are more important, since these apply to decisions that the designer can't monitor, or doesn't know how to evaluate. To get the players to act in accordance with the designer's aims rather than their own in such situations, it is necessary that the payoffs of the game be carefully chosen to provide the right incentives.”
Ken Binmore, Natural Justice

“A fair social contract is then taken to be an equilibrium in the game of life that calls for the use of strategies which, if used in the game of morals, would never leave a player with an incentive to exercise his right of appeal to the device of the original position. So a fair social contract is an equilibrium in the game of morals, but it must never be forgotten that it is also an equilibrium in the game of life; otherwise evolution will sweep it away. Indeed, the game of morals is nothing more than a coordination device for selecting one of the equilibria in the game of life.”
Ken Binmore, Natural Justice

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