1916 – 2001
Herbert Simon (1916-2001) was an American polymath whose work spanned economics, cognitive psychology, computer science, and philosophy of mind. He is best known for developing the concepts of bounded rationality and satisficing, and for pioneering artificial intelligence research alongside Allen Newell. He received the Nobel Prize in Economics in 1978 and the Turing Award in 1975.
Developed the theory of bounded rationality, challenging classical models of perfect rationality
Co-created the Logic Theorist and General Problem Solver with Allen Newell, foundational AI programs
Introduced the concept of satisficing as an alternative to optimization in decision-making
Awarded the Nobel Memorial Prize in Economic Sciences (1978) for research into decision-making in organizations
Received the ACM Turing Award (1975) for contributions to artificial intelligence and the psychology of human cognition