Bounded alchemy

Bounded rationality is a growing notion defining the nature of decision making with limited information and uncertainty about the local and general scheme of things, as they evolve, change and sustain.

I happen to have bumped into this topic, by accident or by luck, as it happens, and have a very unstable relationship with it. The notion is the most plausible explanation of goal seeking behaviour of humans that I can relate to. This does not mean however, that I can use the ideas expressed in the economics and psychology literature, which are boundedly mature, to serve my current needs as an explorer of computational methods. Well, it actually does, because, for some reason, I cannot be asked to be more informed from those two disciplines. The reason, for some reason, is possibly a form of cost in terms of energy that I somehow already feel to be reducing my normal functioning as this accidental explorer, thus helping me sustain or give a feeling thereof.

So, for now, I am quantifying bounded rationality the simplest way I can and understand the evolutionary alchemy it results in, in simulation.

So, let’s carry on with this energy alchemy, and I will let you know what I find out, as I find out…