Satisfice quotes
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Herbert_Simon
Artificial Intelligence Satisfice
“The alternative methods provided by AI, most often in the form of heuristic search (selective search using rules of thumb), find decisions that are 'good enough', that satisfice.”
- Source: Simon, H. A. (1996). The Sciences of the Artificial (Third Edition). Computers & Mathematics with Applications (3rd ed., Vol. 33). Cambridge, MA: MIT Press. ISBN: 9780585360102. Retrieved 2018-08-23 from https://monoskop.org/images/9/9c/Simon_Herbert_A_The_Sciences_of_the_Artificial_3rd_ed.pdf. Chapter 2, page 28.
Satisficer
“The real economic actor is in fact a satisficer, a person who accepts 'good enough' alternatives, not because less is preferred to more but because there is no choice.”
- Source: Simon, H. A. (1996). The Sciences of the Artificial (Third Edition). Computers & Mathematics with Applications (3rd ed., Vol. 33). Cambridge, MA: MIT Press. ISBN: 9780585360102. Retrieved 2018-08-23 from https://monoskop.org/images/9/9c/Simon_Herbert_A_The_Sciences_of_the_Artificial_3rd_ed.pdf. Chapter 2, page 29.
Psychology of Choice
“Research findings on the psychology of choice, indicate some properties a thermometer of satisfaction should have. First, unlike the utility function, it is not limited to positive values, but has a zero point (of minimal contentment). Above zero, various degrees of satisfaction are experienced, and below zero, various degrees of dissatisfaction. Second, if periodic readings are taken of people in relatively stable life circumstances, we only occasionally find temperatures very far from zero in either direction, and the divergent measurements tend to regress over time back toward the zero mark. Most people consistently register either slightly below zero (mild discontent) or a little above (moderate satisfaction). To deal with these phenomena, psychology employs the concept of aspiration level... Aspiration levels provide a computational mechanism for satisficing.”
- Source: Simon, H. A. (1996). The Sciences of the Artificial (Third Edition). Computers & Mathematics with Applications (3rd ed., Vol. 33). Cambridge, MA: MIT Press. ISBN: 9780585360102. Retrieved 2018-08-23 from https://monoskop.org/images/9/9c/Simon_Herbert_A_The_Sciences_of_the_Artificial_3rd_ed.pdf. Chapter 2, page 29.
- Keywords: Research_quotes Find_quotes Psychology_quotes Choice_quotes Indication_quotes Property_quotes Thermometer_quotes Satisfaction_quotes Utility_quotes Limitation_quotes Positive_quotes Value_quotes Zero_quotes Point_quotes Minimum_quotes Content_quotes Degree_quotes Experience_quotes Dissatisfaction_quotes Period_quotes People_quotes Relative_quotes Stable_quotes Life_quotes Circumstance_quotes Occasional_quotes Temperature_quotes Far_quotes Direction_quotes Divergent_quotes Measurement_quotes Regression_quotes Time_quotes Consistency_quotes Register_quotes Discontent_quotes Moderation_quotes Deal_quotes Phenomena_quotes Employment_quotes Conception_quotes Aspiration_quotes Level_quotes Computation_quotes Mechanism_quotes Satisfice_quotes
Invisible Hand
“In examining the processes of social coordination, economics has given top billing sometimes almost exclusive billing to the market mechanism. It is indeed a remarkable mechanism... The optimality theorems stretch credibility, so far as real-world markets are concerned, because they require substantive rationality of the kinds we found implausible in our examination of the theory of the firm. Markets populated by consumers and producers who satisfice instead of optimizing do not meet the conditions on which the theorems rest.”
- Source: Simon, H. A. (1996). The Sciences of the Artificial (Third Edition). Computers & Mathematics with Applications (3rd ed., Vol. 33). Cambridge, MA: MIT Press. ISBN: 9780585360102. Retrieved 2018-08-23 from https://monoskop.org/images/9/9c/Simon_Herbert_A_The_Sciences_of_the_Artificial_3rd_ed.pdf. Chapter 2, page 32-33.
- Keywords: Examination_quotes Process_quotes Social_quotes Coordination_quotes Economics_quotes Top_quotes Bill_quotes Exclusive_quotes Market_quotes Mechanism_quotes Optimal_quotes Theory_quotes Stretch_quotes Credible_quotes Reality_quotes World_quotes Substance_quotes Rational_quotes Plausible_quotes Examination_quotes Firm_quotes Population_quotes Consumer_quotes Producer_quotes Satisfice_quotes Optimization_quotes Condition_quotes Invisible_quotes Hand_quotes
