Herbert Alexander Simon

Place: Milwaukee

Born: 1916

Death: 2001

Biography:

Herbert Alexander Simon (June 15, 1916 – February 9, 2001) was an American political scientist, economist, and computer scientist. He is best known for his theories of 'bounded rationality' and 'satisficing'. Simon was a pioneer in several modern-day scientific domains such as artificial intelligence, information processing, decision-making, problem-solving, organization theory, and complex systems. He was awarded the Nobel Memorial Prize in Economic Sciences in 1978 and the Turing Award in 1975. Simon spent most of his career at Carnegie Mellon University, where he helped found the School of Computer Science. He was also a businessman and owned the Indiana Pacers and Indiana Fever, as well as being the chairman emeritus of Simon Property Group.