flwyd: (currency symbols)
flwyd ([personal profile] flwyd) wrote2010-03-05 11:28 pm

Maximization vs. Balance

If someone tried to eat as much food as possible, we wouldn't call that rational. So why do we say that maximizing income is the goal of rational agents?

[identity profile] altamira16.livejournal.com 2010-03-06 10:50 pm (UTC)(link)
I always thought that maybe some of them had a point. But it seems the more I read, the more they are looking to apply overly simplistic models to a world that refuses to fit them. And yet this does not stop them from trying over and over again.

[identity profile] flwyd.livejournal.com 2010-03-06 11:06 pm (UTC)(link)
It's as if they want to be closer to the world than mathematicians, but they aren't willing to be engineers.