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by devereaux 3568 days ago
Yet solutions emerge, even if individual agents have zero intelligence

http://www2.econ.iastate.edu/tesfatsi/Gode%20and%20Sunder-JP...

Your lack of belief in the force of the free hand is troubling, especially when it can be proved by computer models and reality.

1 comments

To clarify for the person you've responded to: the problem with humans isn't exactly that we individually have _too little_ intelligence, it's that the heuristics we have evolved to use for compensating for missing information include a great deal of bias. This results in the very-well-documented lack of rational actors in the real world.