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We know all too well that technical expertise doesn't guarantee balanced rationality.
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Since the 1960 s, many writers have recognized the importance of balancing rationality and creativity, which are mutually interdependent, in the design process.
I focus on the investing domain given my experience as a hedge fund manager, but I strongly believe the thinking transfers to other fields which require balancing rationality and intuition (e.g. the intelligence industry, medical diagnosis, hiring, entrepreneurship, etc).
This paper highlights the case of SDI development in the state of Selangor where the notion of instrumental rationality is balanced with the 'incrementalism' of the policy process that provided the foundation for institutionalising the reporting and use of SDIs.
Similarly, Malterud and Hollnagel [ 32] present an awareness model that avoids humiliation by jointly exploring the doctor's and the patient's agendas and balancing the emotions and rationality of both.
>> Balanced.
To achieve rationality, intelligent agents must constantly balance technical (process) and economic (enterprise wide) trade-offs through co-operation, learning and autonomy.
Unfortunately, with two-sided negotiation, characteristic of supply chains, it is impossible to simultaneously achieve perfect efficiency, budget balance, and individual rationality with incentive compatibility.
We show the impossibility to simultaneously satisfy efficiency, budget balance and individual rationality at a Bayesian Nash equilibrium, and propose a mechanism in the core of the game.
We also show that these conditions are necessary for ex-post efficiency to be attainable with budget balance and individual rationality, and that the expected social surplus in these mechanisms can be distributed in any desirable way.
By watching every night, I give tacit consent to the rationality of being jailed, kidnapped, shot at, and married -- often just to balance the power in town.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com