In 1957 economist HerbertSimon introduced the notion of bounded rationality: that property of an agent that behaves in a manner that is nearly optimal with respect to its goals as its resources will allow.
See other InterestingMemes.
Last edited on Friday, January 3, 2003 7:20:33 pm.
: that property of an agent that behaves in a manner that is nearly optimal with respect to its goals as its resources will allow.