Herbert A. Simon

Economist

Herbert Alexander Simon was an American economist, political scientist, and cognitive psychologist whose primary research interest was decision-making within organizations. He is best known for the theories of "bounded rationality" and "satisficing," which challenged classical economic assumptions. In 1978, he received the Nobel Memorial Prize in Economic Sciences for his pioneering research into the decision-making process within economic organizations. His work had a profound influence on diverse fields including computer science, artificial intelligence, public administration, and philosophy.

Jun 15, 1916 - Feb 09, 2001 American 12 Quotes

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