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satisficing

Seeking or achieving a satisfactory outcome, rather than the best possible. Contrasts with the optimizing behavior usually assumed in economics and trade theory. Alternative models based on satisficing are spreading within economics, but not yet much in international.

Related information about satisficing:
  1. Satisficing - Wikipedia, the free encyclopedia
    Satisficing, a portmanteau of satisfy and suffice, is a decision-making strategy that attempts to meet an acceptability threshold. This is contrasted with optimal ...
     
  2. What is satisficing? definition and meaning
    Definition of satisficing: General: Aiming to achieve only satisfactory results because the satisfactory position is familiar, hassle-free, and secure, whereas aiming ...
     
  3. Satisficing - definition of Satisficing by the Free Online Dictionary ...
    (intr) to act in such a way as to satisfy the minimum requirements for achieving a particular result. 2. (tr) Obsolete to satisfy. [altered from satisfy]. satisficer n ...
     
  4. Satisficing - Interaction-Design.org
    Satisficing describes the situation where people settle with a solution to a problem that is "good enough". According to Herbert Simon, people do not seek the ...
     
  5. SATISFICING - Principia Cybernetica Web
    Satisficing is an alternative to optimization for cases where there are MULTIPLE and COMPETITIVE objectiveS in which one gives up the idea of obtaining a ...
     
  6. Guru: Herbert Simon | The Economist
    Mar 20, 2009 ... This real-world behaviour is what Simon called satisficing. He applied the idea to organisations as well as to individuals. Managers do much ...
     
  7. Satisficing Definition | Investopedia
    A decision-making strategy that aims for a satisfactory or adequate result, rather than the optimal solution. This is because aiming for the optimal solution may ...
     
  8. Maximizing Versus Satisficing: Happiness Is a Matter of Choice
    people actually have the goal of “satisficing” rather than maximiz- ing. To satisfice , people need only to be able to place goods on some scale in terms of the ...