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The work of Herbert Simon and others has shown that pattern recognition is among the most powerful, perhaps the foremost mechanism of successful problem solving.
FORBES: Mind Hacks: How Innovators Really Arrive At Their Big Ideas
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In 1965, Herbert Simon predicted human level AI by 1985!
FORBES: Where Are Our Robot Overlords?
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In 1978, Herbert Simon was awarded the Nobel prize for economics.
ECONOMIST: Herbert Simon
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The other owners on the committee are Miami's Micky Arison, Washington's Ted Leonsis, Utah's Greg Miller, Indiana's Herbert Simon, Minnesota's Glen Taylor and San Antonio's Peter Holt who's also the chairman of the board.
NPR: NBA Committee Recommends Rejecting Kings Move
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Other billionaires with teams losing value were Charles Dolan ( New York Knicks down 4%), Mark Cuban ( Dallas Mavericks down 4%), Micky Arison ( Miami Heat down 7%), Stanley Kroenke ( Denver Nuggets down 3%), and Herbert Simon ( Indiana Pacers down 7%).
FORBES: Owning an NBA team during a recession is no slam-dunk.
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The eight members of the Forbes 400 who responded positively to the Salon poll were John Arnold, Mark Cuban, Leon Cooperman, Herbert Simon, James Simons, George Soros, Todd Wagner, and of course Warren Buffett, who came up with the idea in the first place.
FORBES: More Than 2% Of U.S. Billionaires Would Pay Higher Taxes
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The Simon Property Group , co-founded by the the late Melvin Simon and his brother Herbert, is the largest real estate company in America.
FORBES: Simon Family Gets Rich At Both Ends Of Real Estate Market