Daniel Kahneman

Daniel Kahneman was born in Tel Aviv, Israel in 1934.  Kahneman received ½ the 2002 Nobel Prize in Economic Sciences “for having integrated insights from psychological research into economic science, especially concerning human judgment and decision-making under uncertainty.”  At the time he won the Nobel Prize, he was a Professor at Princeton University, Princeton, New Jersey. 

Kahneman split the 2002 prize with Vernon L. Smith of George Mason University “for having established laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms.”   For more information on the Nobel Prize, please visit nobelprize.org.

Source: nobelprize.org

Herbert Simon

Herbert Simon was born in 1916 and died in 2001.  In 1978 he won the Nobel Prize in Economic Sciences award “for his pioneering research into the decision-making process within economic organizations.”   At the time he won the Nobel Prize, he was a Professor at the Carnegie Mellon University in Pittsburgh, Pennsylvania.  For more information on the Nobel Prize, please visit nobelprize.org. 

Source: nobelprize.org