On 7/31/2012 11:10 AM, R AM wrote:
On 7/30/2012 7:05 PM, Russell Standish wrote:
With complete information, a totally rational being makes optimal
choices, and has no free will, but always beats an irrational being.
Conversely, with incomplete information, a rational being will make a
wrong choice, or simply fail to make a choice at all, and so is
usually beaten by an irrational being.
With incomplete information, a rational being will make the best
choice under the available information and would beat an irrational
being most of the time.
Right. I don't think 'complete information' is even a well defined concept. It's only a
good approximation in games like chess, but in life all decisions are made on incomplete
information with finite future horizons and uncertainty about the value of different outcomes.
Brent
--
You received this message because you are subscribed to the Google Groups
"Everything List" group.
To post to this group, send email to [email protected].
To unsubscribe from this group, send email to
[email protected].
For more options, visit this group at
http://groups.google.com/group/everything-list?hl=en.
