The cost of rational agency

The rational agency assumption limits systems to domains of application that have never been observed. Moreover, representing agents as being rational in the sense of maximising utility subject to some well specified constraints renders software systems virtually unscalable. These properties of the rational agency assumption are shown to be unnecessary in representations or analogies of markets. The demonstration starts with an analysis of how the rational agency assumption limits the applicability and scalability of the IBM information filetering economy. An unrestricted specification of the information filtering economy is developed from an analysis of the properties of markets as systems and the implementation of a model based on intelligent agents. This extended information filtering economy modelis used to test the analytical results on the scope for agents to act as intermediaries between human users and information sources.
Keywords No keywords specified (fix it)
Categories (categorize this paper)
 Save to my reading list
Follow the author(s)
My bibliography
Export citation
Find it on Scholar
Edit this record
Mark as duplicate
Revision history Request removal from index
Download options
PhilPapers Archive

Upload a copy of this paper     Check publisher's policy on self-archival     Papers currently archived: 16,667
External links
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
Through your library
References found in this work BETA

No references found.

Add more references

Citations of this work BETA

No citations found.

Add more citations

Similar books and articles

Monthly downloads

Added to index


Total downloads

18 ( #153,723 of 1,726,249 )

Recent downloads (6 months)

15 ( #48,707 of 1,726,249 )

How can I increase my downloads?

My notes
Sign in to use this feature

Start a new thread
There  are no threads in this forum
Nothing in this forum yet.