In the context of information theory, where you focus on has a way higher indicator or success than being in full-challenge mode but on potentially the wrong set of problems. This is quite relevant because human individuals have a very fixed and limited bandwidth. Therefore, as consumers, decision making is a very short-circuited program and consumers in the aggregate make poor decisions that are adopted as the market wisdom or invisible hand.
But it's not clear that great bandwidth and bigger information absorption leads to better decisions without some trade-offs. Most decisions have selection criterias that are biased toward confidence and comfort which are unnecessary in the grand scope of things, but are essential in design. Selection criteria should be examined independently from preference because one is an explicit function and the other is a strategy.
In the context of information theory, where you focus on has a way higher indicator or success than being in full-challenge mode but on potentially the wrong set of problems. This is quite relevant because human individuals have a very fixed and limited bandwidth. Therefore, as consumers, decision making is a very short-circuited program and consumers in the aggregate make poor decisions that are adopted as the market wisdom or invisible hand.
But it's not clear that great bandwidth and bigger information absorption leads to better decisions without some trade-offs. Most decisions have selection criterias that are biased toward confidence and comfort which are unnecessary in the grand scope of things, but are essential in design. Selection criteria should be examined independently from preference because one is an explicit function and the other is a strategy.