“The intelligent altruists, though less altruistic than unintelligent altruists, will be fitter than both unintelligent altruists and selfish individuals.”
Quote by Herbert Simon
Work
Models of Bounded Rationality: Empirically grounded economic reason
In 'Models of Bounded Rationality: Empirically grounded economic reason,' the author delves into the limitations of human rationality in economic contexts. The book presents empirical research and theoretical models that illustrate how individuals and organizations make decisions under conditions of uncertainty and limited information. It offers insights into the practical implications of bounded rationality for economic theory and policy-making. more
Author
Herbert Simon
Herbert Alexander Simon, born on June 15, 1916, and died on February 9, 2001, was an outstanding American scientist known for his contributions to computer science, economics, and management. He was a Turing Award winner and a co-recipient of the Nobel Prize in Economic Sciences. more
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