The Living Thing

Attention economy

See also

:ref:bounded rationality`

We are all agents acting with limited and local information. What sort of behaviour can we expect from a multiscale system composed of such actors? Especially, consider the problem of what we can expect if all the actors in such a system have no only finite computational resources and times to spend of calculating the risk an return for each problem facing them, but also finite resources to spend even on working out which problems to allocate their other finite resources to.

To Read

  • There is a decision theoretic problem here to do with marginal value of information. Should look that up.

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