Discussion
What is bounded rationality?
Answer: C
Simon's insight was that real agents cannot compute the optimal action in the time available, so rationality must be defined relative to their resources rather than as perfect optimisation. Satisficing, choosing a good enough option, follows from it. Spatial bounds, utility caps and goal limits are unrelated. Redefining a normative standard so that it can actually be met is what made decision theory applicable to agents that must act in real time.
No comment is present. Be the first to comment.
Loading…
Post your comment
Please log in or register to post a comment.
Examination Categories
- SSC Exams
- Banking Exams
- Teaching Exams
- Civil Services Exams
- Railways Exams
- Engineering Recruitment Exams
- Defence Exams
- State Government Exams
- Police Exams
- Insurance Exams
- Nursing Exams
- Other Government Exams
- NRA CET
- PG Entrance Exams
- Campus Placement
- MBA Entrance Exams
- CUET and UG Entrance
- Judiciary Exams
- Regulatory Body Exams
- Software Development