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1. www.nobelprize.org › prizes › economic-sciencesHerbert A. Simon – Facts - NobelPrize.org

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   Jun 5, 2016 · Herbert Simon combined different scientific disciplines and considered new factors in economic theories. Established economic theories held that enterprises and entrepreneurs all acted in completely rational ways, with the maximization of their own profit as their only goal.

   • Prize Lecture

     Herbert Simon Prize Lecture . Lecture to the memory of...

   • Banquet Speech

     Herbert A. Simon’s speech at the Nobel Banquet, December 10,...

   • Biographical

     The Sveriges Riksbank Prize in Economic Sciences in Memory...

   • Other Resources

     The Sveriges Riksbank Prize in Economic Sciences in Memory...

2. en.wikipedia.org › wiki › Herbert_AHerbert A. Simon - Wikipedia

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   It was in this area that he was awarded the Nobel Prize in 1978. [50] At the Cowles Commission , Simon's main goal was to link economic theory to mathematics and statistics.

3. www.nobelprize.org › 1978 › simonHerbert A. Simon – Biographical - NobelPrize.org

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   The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1978 was awarded to Herbert A. Simon "for his pioneering research into the decision-making process within economic organizations"

4. www.britannica.com › biography › Herbert-A-SimonHerbert A. Simon | Nobel Prize, Decision Making, Cognitive ...

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   Jun 11, 2024 · Herbert A. Simon was an American social scientist known for his contributions to a number of fields, including psychology, mathematics, statistics, and operations research, all of which he synthesized in a key theory that earned him the 1978 Nobel Prize for Economics.

   • Author: The Editors of Encyclopaedia Britannica

5. www.investopedia.com › terms › hWho Was Herbert A. Simon? Bounded Rationality and AI Theorist

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   Sep 30, 2022 · Herbert A. Simon is widely associated with the theory of bounded rationality. His theories challenged classical economic thinking on rational behavior. He won the Nobel Memorial Prize in...

6. www.cmu.edu › simon › what-is-simonHerbert A. Simon - The Simon Initiative - Carnegie Mellon ...

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   Herbert A. Simon Simon's research interests were exceptional, extending from computer science and artificial intelligence to cognitive psychology, administration and economics. Simon earned the prestigious A.M. Turing Award for his work in computer science and won the 1978 Nobel Prize in Economics.

7. People also ask

   Why did Herbert Simon win a Nobel Prize?

   • Prize motivation: “for his pioneering research into the decision-making process within economic organizations” Prize share: 1/1 Herbert Simon was born in Milwaukee, Wisconsin in the United States. His mother was a pianist and his father an electrical engineer who had migrated from Germany.

   Herbert A. Simon – Facts - NobelPrize.org

   www.nobelprize.org/prizes/economic-sciences/1978/simon/facts/

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   Who won the 1978 Alfred Nobel Prize in economics?

   • The Royal Swedish Academy of Sciences has decided to award the 1978 Alfred Nobel Memorial Prize in Economic Sciences to Professor Herbert A. Simon, Carnegie-Mellon University, USA, for his pioneering research into the decision-making process within economic organizations.

   The Prize in Economics 1978 - Press release - NobelPrize.org

   www.nobelprize.org/prizes/economic-sciences/1978/press-release/

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   Who is Herbert Simon?

   • Herbert Simon was born in Milwaukee, Wisconsin in the United States. His mother was a pianist and his father an electrical engineer who had migrated from Germany. His maternal uncle, an economist, sparked his interest in the social sciences. He first studied at the University of Chicago and was awarded a PhD in political science in 1943.

   Herbert A. Simon – Facts - NobelPrize.org

   www.nobelprize.org/prizes/economic-sciences/1978/simon/facts/

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   How many children did Herbert Simon have?

   • Simon was married with three children. Herbert Simon combined different scientific disciplines and considered new factors in economic theories. Established economic theories held that enterprises and entrepreneurs all acted in completely rational ways, with the maximization of their own profit as their only goal.

   Herbert A. Simon – Facts - NobelPrize.org

   www.nobelprize.org/prizes/economic-sciences/1978/simon/facts/

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   Why is Simon's Theory important?

   • Simon’s theory thus offers a way to consider the psychological aspects of decision making that classical economists have tended to ignore. Later in his career, Simon pursued means of creating artificial intelligence through computer technology.

   Herbert A. Simon | Nobel Prize, Decision Making, Cognitive Psychology

   www.britannica.com/biography/Herbert-A-Simon

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   How did Simon develop problem-solving theorems?

   • He also developed theorems on near-decomposability and aggregation. Having begun to apply these theorems to organizations, by 1954 Simon determined that the best way to study problem-solving was to simulate it with computer programs, which led to his interest in computer simulation of human cognition.

   Herbert A. Simon - Wikipedia

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8. www.nobelprize.org › prizes › economic-sciencesThe Prize in Economics 1978 - Press release - NobelPrize.org

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   The Royal Swedish Academy of Sciences has decided to award the 1978 Alfred Nobel Memorial Prize in Economic Sciences to Professor Herbert A. Simon , Carnegie-Mellon University, USA, for his pioneering research into the decision-making process within economic organizations.