kaal:claim:7261481-006

When the computation available to a decision process exceeds the computation the decision requires, boundedness stops binding at the agent and reappears at the institution: the scarce resource is no longer the individual’s processing capacity but the collective’s capacity to verify, aggregate, and act on what abundant individual computation produces.

Source quote, verbatim
When the computation available to a decision process exceeds the computation the decision requires, boundedness stops binding at the agent and reappears at the institution: the scarce resource is no longer the individual’s processing capacity but the collective’s capacity to verify, aggregate, and act on what abundant individual computation produces.
From

Wulf A. Kaal, Computative Economics: A Framework for Economic Analysis under Computational Abundance (2026), II.C. Behavioural Economics: Bounded Rationality as a Computation Constraint, p. 8
https://ssrn.com/abstract=7261481 · source PDF

Cite as

Wulf A. Kaal, Computative Economics: A Framework for Economic Analysis under Computational Abundance (2026). SSRN: https://ssrn.com/abstract=7261481

Holds when
Classification

mechanismsupport: arguedeconomicsinstitutional-designai-and-agents

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