Re: [Swarm-Modelling] Is there such a thing as approximate optimization?

[Rick Riolo]

how about herb simon's term,

   bounded rationality

in the context of agents making decisions, i think
that is a term that will link what you are describing
to a large literature that considers those issues.

- r

Rick Riolo                           address@hidden
Center for the Study of Complex Systems (CSCS)
4477 Randall Lab
University of Michigan         Ann Arbor MI 48109-1120
Phone: 734 763 3323                  Fax: 734 763 9267
http://cscs.umich.edu/~rlr

On Sun, 5 Nov 2006, Steve Railsback wrote:

> Date: Sun, 05 Nov 2006 16:54:47 -0800
> From: Steve Railsback <address@hidden>
> Reply-To: Agent-based modeling <address@hidden>
> To: Agent-based modeling <address@hidden>
> Subject: [Swarm-Modelling] Is there such a thing as approximate
>     optimization?
>
> How should I refer to a decision-making approach in which agents make a
> rough-but-realistic approximation of the outcome of each decision
> alternative and then select the alternative with the best approximated
> outcome?
>
> Is there already a term for this approach? Can you call it approximate
> optimization? Or optimal approximation?
>
> The term "constrained optimization" is often used; is there a precedent
> for applying it to this approach?
>
> Steve Railsback
>
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