The social scientist Herbert Simon is famous for his work in:
A)asymmetric information
B)signalling theory
C)voting systems
D)behavioural economics

Question

Quizplus · Accepted Answer

Herbert Simon is widely considered as one of the founding fathers of behavioral economics, which seeks to understand the ways in which human psychology affects economic decision-making. Simon himself conducted research on topics such as bounded rationality, decision-making processes, and information processing, all of which are core aspects of behavioral economics. While Simon may have also made contributions to other areas such as voting systems, his main legacy lies in the field of behavioral economics.

The Social Scientist Herbert Simon Is Famous for His Work