btw have u ever know about math bounded and reality bounded? for example it happen when student interpret the solution of problem toward mathematics. if you have experience or research about that, please let me know and lets discuss it. Thannk you!
When applying math to real-world problems, we encounter a balancing act between theoretical solutions and practical limitations. Mathematically correct answers might not always translate perfectly to reality. This is where the concepts of "math bounded" and "reality bounded" come in. The first focuses solely on the mathematical framework and its internal logic, delivering a solution that works within those confines. Reality bounded interpretation, however, considers the real-world context, recognizing that factors like resource limitations or physical constraints might not be captured in the equations. The key lies in bridging this gap. A strong interpretation considers both the mathematical solution and its applicability to the real situation, potentially adjusting the math or introducing additional factors to make it more practical. This highlights the importance of understanding the assumptions made in the model and their impact on the final answer. Ultimately, navigating this interplay between mathematical elegance and real-world constraints is a crucial skill for applying math effectively.
Bounded rationality was coined by Herbert A. Simon, where it was proposed as an alternative basis for the mathematical and neoclassical economic modelling of decision-making, as used in economics, political science, and related disciplines.