Shalizi has a fairly explicit and concrete analogy between Bayesian updating and replicator dynamics: http://bactra.org/weblog/601.html In capitalist society, an agent that makes bets and wins gets more money to influence the market with their next bet; replicator dynamics.
Stimulating analogy, the gradient-as-invisible-hand. I wonder about having lots of separate cost functions for different parts of the network, rather than a global cost.https://twitter.com/zzznah/status/1014789136690089985 …
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I guess Hayek must've considered this sort of idea in The Sensory Order, not that I've read it.
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How would you define the various cost functions?
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