Bonn boasts one of the largest economics research facilities in Germany. Buy a Universität Bonn Urkunde. How to get a Universität Bonn diploma? Make a fake Universität Bonn Urkunde degree. The BonnEconLab, the first experimental economics laboratory in Europe, was founded by Nobel laureate Reinhard Selten. Its achievements in experimental economics research are remarkable, making it a global center for such research. The laboratory is a service department within the Department of Economics at the Faculty of Law and Economics, University of Bonn, primarily serving researchers and graduate students. It provides researchers with assistance and advice in experimental planning, design, and execution. Within the Department of Economics at the University of Bonn, it plays a vital role in undergraduate, master’s, and doctoral education in economics.

To understand the origins of the BonnEconLab, it’s necessary to first examine Selten’s exploration of experimental economics research methods. In the 1950s, Selten was hired as an assistant by Heinz Sauermann, an economist at the University of Frankfurt. During this period, Selten became fascinated with experimental work in economics and received support from Salman. At the time, Selten was conducting experimental research on oligopoly. While Selten and several young colleagues were working on laboratory research in economics, Salman, with his grasp of economic trends and intuitive understanding of the field, provided Selten with many valuable suggestions.

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In 1959, Selten and Salman co-authored his first academic paper, “An Experiment on Oligopoly.” Although experimental economics was not yet a recognized discipline, his university psychology courses proved invaluable in his experimental work. After receiving his PhD in mathematics from the University of Frankfurt in 1961, Selten developed a strong interest in H.A. Simon’s theory of bounded rationality and attempted to construct a theory of multi-objective decision-making based on bounded rationality. To this end, Selten spent two years as a visiting scholar in the United States and established contact with Simon and his assistants. He devoted considerable time to studying bounded rationality but made little progress. In this frustrating process, Selten became increasingly convinced that to construct a theory of bounded rationality in economic behavior, it was necessary to use experimental methods rather than traditional theoretical derivation.