Limits of Optimization

Optimization is about finding the best available object with respect to an objective function. Mathematics and quantitative sciences have been highly successful in formulating problems as optimization problems, and constructing clever processes that find optimal objects from sets of objects. As comp...

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Bibliographic Details
Published in:Minds and machines (Dordrecht) 2024, Vol.34 (Suppl 1), p.117-137
Main Authors: Carissimo, Cesare, Korecki, Marcin
Format: Article
Language:English
Subjects:
Artificial Intelligence
Cognitive Psychology
Computer Science
Economics
Game Theory
Mathematical analysis
Optimization
Philosophy of Mind
Philosophy of Science
Social and Behav. Sciences
Theory of Computation
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Summary:Optimization is about finding the best available object with respect to an objective function. Mathematics and quantitative sciences have been highly successful in formulating problems as optimization problems, and constructing clever processes that find optimal objects from sets of objects. As computers have become readily available to most people, optimization and optimized processes play a very broad role in societies. It is not obvious, however, that the optimization processes that work for mathematics and abstract objects should be readily applied to complex and open social systems. In this paper we set forth a framework to understand when optimization is limited, particularly for complex and open social systems.
ISSN:1572-8641
0924-6495
1572-8641
DOI:10.1007/s11023-023-09633-1