Vaniver comments on Could markets be called optimization proccesses? - Less Wrong

4 [deleted] 08 January 2011 09:42PM

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Comment author: Vaniver 09 January 2011 07:18:28PM *  1 point [-]

The answer seems to depend on where you put the edges of optimization processes. The market is a mechanism that solves the problems of production and distribution, and it learns from the past. I think "mechanism to solve problem + learning" is enough to qualify as an optimization process, but if you're using it in a different technical sense you can sensibly disagree.