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HERBERT A. SIMON - INSCRIBED PHOTOGRAPH SIGNED 06/07/2000 - HFSID 266797

 
HERBERT SIMON. Photograph signed: "Herbert A Simon/6-7-00". B/w, 5x7. Simon (1916-2001) of the Carnegie-Mellon University received the 1978 Nobel Prize in Economics "for his pioneering research into the decision-making process within economic organizations." Classical economists had argued that people make rational choices to obtain the best commodity at the best price. Dr. Simon said that was impossible -- too many choices and too little time to analyze them cause people to choose the first option that is good enough to meet their needs. Signed less than a year before his death (February 9, 2001). Fine condition.


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HERBERT A. SIMON  


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HERBERT A. SIMON
Born: June 15, 1916 in Milwaukee, Wisconsin
Died: February 9, 2001 in Pittsburgh, Pennsylvania



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