wallowinmaya comments on In Praise of Maximizing – With Some Caveats - LessWrong

22 Post author: wallowinmaya 15 March 2015 07:40PM

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Comment author: wallowinmaya 16 March 2015 03:20:44PM *  3 points [-]

I see no mention of costs in these definitions.

Let's try a basic and, dare I say it, rational way of trying to achieve some outcome: you look for a better alternative until your estimate of costs for further search exceeds your estimate of the gains you would get from finding a superior option.

Agree. Thus in footnote 3 I wrote:

[3] Rational maximizers take the value of information and opportunity costs into account.

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