This has led to the development of various heuristics to approximate optimal behavior.
"Recruitment limitation as a consequence of optimal risk-taking behaviour by juvenile fish."
Mechanisms have evolved to give optimal behavior in normal conditions lead to irrational behavior in abnormal conditions.
Therefore, those agents that actually maximize would be the only "survivors" to market selection, and hence they would gather very closely around the single optimal behavior.
This evaluation allows researchers to make predictions about an animal's optimal behavior.
Optimality models are used to predict optimal behavior (ex.
To make predictions about optimal behavior, cost-benefit graphs are used to visualize the optimality model (see Fig 1).
He predicted that starlings traveling further would spend more time at the foraging site to achieve optimal foraging behavior.
Essentially, this explanation says that the absolute amount of the endowment is not significant enough to produce strategically optimal behaviour.
The above analysis describes optimal behavior of an individual investor.