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Last updated on April 19, 2014 at 18:42 EDT

Latest Herbert Simon Stories

2012-01-17 16:50:53

Whether it's investing in stocks, bungee jumping or public speaking, why do we often plan to take risks but then "chicken out" when the moment of truth arrives?  In a new paper in the Journal of Behavioral Decision Making, scientists from the University of Colorado Boulder and Carnegie Mellon University argue that this "illusion of courage" is one example of an "empathy gap" – that is, our inability to imagine how we will behave in future emotional situations. According to the...

2011-12-09 16:08:00

LOS ANGELES, Dec. 9, 2011 /PRNewswire/ -- Indiana Pacers owner Herbert Simon and his wife Bui Simon decisively won their third trial in recent weeks against claims brought by a former household employee and vowed today to aggressively pursue their defamation lawsuit against the attorney who represented former employees in all three trials. A Superior Court jury deliberated only 30 minutes on Thursday before unanimously rejecting the claims of Beverly Du Jacques, a former...

2011-11-09 10:56:00

LOS ANGELES, Nov. 9, 2011 /PRNewswire/ -- Indiana Pacers owner Herbert Simon and his wife, Bui Simon, expressed confidence today after a jury was empanelled in the second trial in recent weeks on the employment claims of a former household employee. "We are committed to a firm defense as a matter of principle," said Mrs. Simon, a former Miss Universe from Thailand. "We are setting an example for our children that the responsible thing to do is to stand up for what is right." Trial in Los...

2010-07-13 13:36:00

PITTSBURGH, July 13 /PRNewswire/ -- According to a new manuscript in the Journal of Consumer Research, consumers often quit using products that would be beneficial for them in the long run because they experience a short period of pessimism during their initial encounter with skill-based products as varied as knitting needles and mobile devices. (Logo: http://photos.prnewswire.com/prnh/20020422/CMULOGO) (Logo: http://www.newscom.com/cgi-bin/prnh/20020422/CMULOGO) George Loewenstein, the...