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

4 [deleted] 08 January 2011 09:42PM

You are viewing a comment permalink. View the original post to see all comments and the full post content.

Comments (28)

You are viewing a single comment's thread.

Comment author: knb 10 January 2011 10:43:10AM 2 points [-]

Do the results markets produce warrant them being included in a new family of optimization processes besides evolution and intelligence?

I would say yes. For instance, markets generate prices in a way that is distinct from the way human minds measure "value".

I would also say that individual organizations can have optimization processes based on internal dynamics/outside data that are distinct from evolution or human minds.