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 most famous for his work in behavioral economics, which emphasizes the importance of psychological and social factors in economic decision making, rather than simply assuming that individuals behave rationally and in their own self-interest. Simon won the Nobel Memorial Prize in Economic Sciences in 1978 for his contributions to this field. While he did also work in areas such as decision-making theory and computer science, his most influential work was in the realm of behavioral economics.

The Social Scientist Herbert Simon Is Famous for His Work