Herbert A. Simon Quotes


The aim ... is to provide a clear and rigorous basis for determining when a causal ordering can be said to hold between two variables or groups of variables in a model . . . . The concepts refer to a model-a system of equations-and not to the 'real' world the model purports to describe.


Citations

Simon, Herbert A. "Causal Ordering and Identifiability." Studies in Econometric Method, edited by William C. Hood and Tjalling C. Koopmans, John Wiley & Sons, 1953, p. 49.

Related Quotes

Herbert A. Simon
Herbert A. Simon
  • Born: June 15, 1916
  • Died: February 9, 2001
  • Nationality: American
  • Profession: Economist

Herbert Alexander Simon was an American economist, political scientist and cognitive psychologist, whose primary research interest was decision-making within organizations and is best known for the theories of "bounded rationality" and "satisficing". He received the Nobel Prize in Economics in 1978 and the Turing Award in 1975. His research was noted for its interdisciplinary nature and spanned across the fields of cognitive science, computer science, public administration, management, and political science. He was at Carnegie Mellon University for most of his career, from 1949 to 2001.