Herbert Simon (real estate)

Herbert "Herb" Simon (born October 23, 1934) is an American real estate magnate. He resides in Indianapolis, Indiana. He was educated at the City College of New York. He is the owner of the Indiana Pacers, and chairman emeritus of the shopping mall developer Simon Property Group. In 2010 he purchased Kirkus Reviews.

Early life and education

Simon was born to a Jewish family in Williamsburg, Brooklyn and grew up in the Bronx, the son of Max and Mae Simon. His father was a tailor who had emigrated from Central Europe. His brother is the late Melvin Simon. Herbert Simon graduated from The City College of New York with a B.B.A. in Business.

Personal life

Simon has been married three times and has seven children. Simon has two children from his first marriage including Stephen Howard Simon, founder of Simon Equity LLC who is married to artist Catherine Garvey Simon.

In 1981, Simon married Diane Meyer, political staffer for Senator Birch Bayh of Indiana. She was previously married to N. Stuart Grauel, the then Deputy Secretary of State of Indiana. They divorced in 2000. They have three children:

Herbert Simon

Herbert Simon may refer to:

Herbert A. Simon

Herbert Alexander Simon (June 15, 1916 – February 9, 2001), a Nobel laureate, was an American political scientist, economist, sociologist, psychologist, and computer scientist whose research ranged across the fields of cognitive psychology, cognitive science, computer science, public administration, economics, management, philosophy of science, sociology, and political science, unified by studies of decision-making. With almost a thousand highly cited publications, he was one of the most influential social scientists of the twentieth century. For many years he held the post of Richard King Mellon Professor at Carnegie Mellon University

Simon was among the founding fathers of several of today's important scientific domains, including artificial intelligence, information processing, decision-making, problem-solving, organization theory, complex systems, and computer simulation of scientific discovery.

He coined the terms bounded rationality and satisficing, and was among the earliest to analyze the architecture of complexity and to propose a preferential attachment mechanism to explain power law distributions.