[bmc7505]

This is roughly the intuition I have developed -- any computational function requires time and space to evaluate. Most computations carry with them some epistemic or aleatoric modeling uncertainty, but sometimes even a perfectly deterministic function with a worst case constant time complexity is worth approximating, as the constant factor may be prohibitive.

Given an exact decision procedure with astronomical lower bounds, and an approximate one that is identical on 99.99% of IID sampled inputs that takes a second to evaluate, which would you prefer? Given a low latency, high variance approximation, would you be willing to exchange latency for lower variance? Engineering is all about such tradeoffs.

There is a neat picture [1] in GEB that captures a similar idea.

[1]: https://miro.medium.com/v2/resize:fit:4800/format:webp/1*VU1...