The demonstration that a fast and frugal satisficing algorithm won the competition defeats the widespread view that only “rational” algorithms can be accurate.
While this demonstration is interesting in some sense, it’s pretty obvious that for any algorithm one can find an example problem at which the algorithm excels. Does the paper state how many example problems were tried?
While this demonstration is interesting in some sense, it’s pretty obvious that for any algorithm one can find an example problem at which the algorithm excels. Does the paper state how many example problems were tried?
Only this problem. Later research has studied the algorithm’s performance for other problems, though.