Do you mean greedy, as in the sense of a greedy algorithm? Because I don’t have ...

aserafini on Oct 25, 2023 | parent | context | favorite | on: Tarsnap has given 2^18 dollars to open source

Do you mean greedy, as in the sense of a greedy algorithm? Because I don’t have a formal mathematical description for this, but it feels more ‘optimal’ than a purely greedy algorithm.

Local agent behaviour may be greedy, but this could still result in something approaching a global optimum - the economy could work like Ant Colony Optimisation in aggregate.

Isn’t this Adam Smith‘s theory?

KingMob on Oct 25, 2023 [–]

You're asking the wrong person. "Greedy" is quoted from the grandparent comment, not the parent you're responding to.