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Happy 83rd Birthday to German mathematician, economist, and Nobel Prize winner, Reinhard Selton, born this day in 1930!

Best known for his work in Game Theory (study of strategic decision making-the study of mathematical models of conflict and cooperation between intelligent rational decision makers), Selton shared the Nobel Prize in Economic Sciences with John F. Nash and John C. Harsanyi in 1994. 

Also well known for his work in Bounded Rationality (the idea that in decision-making, rationality of individuals is limited by the information they have, the cognitive limitations of their minds, and the finite amount of time they have to make a decision), and is considered to be one of the founding fathers of Experimental Economics.

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