How was Herbert A. Simon awarded the Noble Prize in Economics?

Name: Herbert A. Simon.
Real Name: Herbert Alexander Simon.
Country: United States.
Date of Birth: 15 June 1916.
Died: 9 February 2001.
Education: University of Chicago (B.A. in 1936, and Ph.D. in 1943).
Subjects Of Study: Computer science decision theory.
Popularly Known: Bounded rationality Satisficing, Information Processing Language, Logic Theorist, and General Problem Solver.
Noble Prize Year: Nobel Prize for Peace in 1978, for his pioneering research into the decision-making process within economic organizations.