Herbert Simon

He was born in Milwaukee, Wisconsin in 1916. After earning a PhD in Political Science from the University of Chicago in 1942, he had positions at Berkeley and the Illinois Institute of Technology. From 1949 until his death, Simon served on the faculty of Carnegie Mellon University, pioneering the quantitative modeling of human behavior through research in a variety of fields.

He was a pioneer in the field of Artificial Intelligence, creating with Alan Newell[?] the General Problem Solver[?] (GPS) algorithm in 1957 - possibly the first method of separating problem solving strategy from information about particular problems.

In 1978 he was awarded The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel "for his pioneering research into the decision-making process within economic organizations".

He invented the terms bounded rationality and satisficing.

See also

• List of economists
• List of economics consultancies and think tanks