People always forget to do that. They forget that information, effort required to process that information, interest, etc. are also parameters that can and should be factored in. I believe the word is satisficing. The economists got it wrong here; thank god for the cyberneticists. And of course you shouldn't just stop at optimizing what you optimize. Go ahead, optimize that as well. And then optimize that to an optimal level.
Showing posts with label decision making. Show all posts
Showing posts with label decision making. Show all posts
December 13, 2007
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