GameSalad

GameSalad

Another Mystery Case Solved

Mathematics are at the core of scientific economics. Mathematics are at the core of technological progress, so implicitly at the core of economic progress. However, mathematics are a rational approach while most decisions seem to be based on a bounded rationality approach or a political approach. This is true because there is never enough time and data available for a rational approach. Mathematics come into place for programmed decisions, while they are of less use for non-programmed decisions. Economic progress is driven by goals and resources allocation towards those goals. As goals are set by bounded rationality/political decisions, the allocation is where rationality plays a more important role. So i suspect mathematics can be used there, as while the goals are set, the allocation should be as rational as possible given the circumstances.

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