Herbert Simon Net Worth is$1.8 Billion
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Profession: Businessperson
Date of Birth: 1934
Country: United States of America
Herbert Simon's net worth: Herbert Simon's net worth is $1.8 billion dollars which makes him one of the richest people in Indiana. Herbert Simon graduated from the City College of New York and currently lives in Indianapolis, Indiana. He co-founded Melvin Simon and Associates, with his brother, Melvin in 1960. Melvin passed away in 2009. The company, now known as the Simon Property Group, has grown to become the largest, publicly traded, real estate investment company in the United States. The majority of their holdings are in shopping malls. The Simon Group owns, or partially owns, property all over the United States, and abroad, including 392 properties in the US, Canada, Asia, and Europe, as well as over 260 million square feet of lease-able space. In addition to the Simon Property Group, Mr. Simon owns the Indiana Pacers and the Indiana Fever, and purchased Kirkus Reviews in 2010. He has been married three times, and is the father of seven children.
Herbert Alexander Simon (June 15, 1916 - February 9, 2001) was an American political scientist, economist, sociologist, and psychologist, and professor--most notably at Carnegie Mellon University--whose research ranged across the fields of cognitive psychology, cognitive science, computer science, public administration, economics, management, philosophy of science, sociology, and political science. With almost a thousand very highly cited publications, he is one of the most influential social scientists of the 20th century.
Simon was among the founding fathers of several of today's important scientific domains, including artificial intelligence, information processing, decision-making, problem-solving, attention economics, organization theory, complex systems, and computer simulation of scientific discovery. He coined the terms bounded rationality and satisficing, and was the first to analyze the architecture of complexity and to propose a preferential attachment mechanism to explain power law distributions.[citation needed]
He also received many top-level honors later in life. These include: In 1959 he became a fellow of the American Academy of Arts and Sciences; in 1967 he was elected to the National Academy of Sciences; the ACM's Turing Award for making "basic contributions to artificial intelligence, the psychology of human cognition, and list processing" (1975); the Nobel Memorial Prize in Economics "for his pioneering research into the decision-making process within economic organizations" (1978); the National Medal of Science (1986); and the APA's Award for Outstanding Lifetime Contributions to Psychology (1993).
As a testament to his interdisciplinary approach, Simon was affiliated with such varied Carnegie Mellon departments as the School of Computer Science, Tepper School of Business, Departments of Philosophy, Social and Decision Sciences, and Psychology.
Simon received an honorary Doctor of Laws (LL.D.) degree from Harvard University in 1990.

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Herbert Simon Latest News

Marco Pangallo wins Herbert Simon Society Award

INET Oxford Complexity Economics' DPhil Student Marco Pangallo was awarded the first prize of the Herbert Simon Society for his extended abstract on "A taxonomy of learning dynamics in 2x2 games". The work is in collaboration with INET Oxford Complexity ...
Posted: October 18, 2016, 7:36 am

The road to artificial intelligence: A case of data over theory

Among them were computer scientist Marvin Minsky, information theorist Claude Shannon and two future Nobel prizewinners, Herbert Simon and John Nash. Their task: to spend the summer months inventing a new field of science called “artificial intelligence ...
Posted: October 26, 2016, 10:12 am

The Ig Nobel prizes in Economics – in praise of ridiculous research

Even though economics is not a full-fledged Nobel Prize, it has been earned by some splendid social scientists over the years — including a number of people who are not economists at all, from Herbert Simon and John Nash to Daniel Kahneman and Elinor Ostrom.
Posted: October 20, 2016, 6:12 pm
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