Herbert Alexander Simon

Herbert Alexander Simon was an influential American thinker renowned for his work in economics, psychology, and artificial intelligence. He introduced the concept of "bounded rationality," which suggests that people's decision-making is limited by available information and cognitive constraints. Simon also contributed to understanding how organizations function and make decisions. He won the Nobel Prize in Economics in 1978 for his research on the processes of decision-making in economic organizations. Additionally, Simon's work laid the groundwork for the development of AI, emphasizing how machines can simulate human problem-solving and learning. His ideas have had a lasting impact across multiple fields.