Relative rationality: Is machine rationality subjective?
  Rational decision making in its linguistic description means making logical
decisions. In essence, a rational agent optimally processes all relevant
information to achieve its goal. Rationality has two elements and these are the
use of relevant information and the efficient processing of such information.
In reality, relevant information is incomplete, imperfect and the processing
engine, which is a brain for humans, is suboptimal. Humans are risk averse
rather than utility maximizers. In the real world, problems are predominantly
non-convex and this makes the idea of rational decision-making fundamentally
unachievable and Herbert Simon called this bounded rationality. There is a
trade-off between the amount of information used for decision-making and the
complexity of the decision model used. This explores whether machine
rationality is subjective and concludes that indeed it is.
