Ultimate optimization is impossible
Summary
- It is physically impossible to have all the information necessary to make a fully optimized decision.
Details
- We are limited by:
- imited information
- limited mental capacity
- limited time
- optimization is universally unlikely, yet we keep trying to achieve it.
- It makes much more sense to attain good enough even if there is a potential better option.
References
- Think for Yourself - Restoring Common Sense in an Age of Experts and Artificial Intelligence - Vikram Mansharamani
- Nobel Laureate Herbert Simon