Satisficing

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Satisficing

The act or practice of doing the absolute minimum necessary to complete a project. That is, when one satisfices a contract, one did no more than was required. This may reduce costs, but may not be the best way to conduct business because there may be fewer repeat customers.

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For the choice of multiobjective decision making policy, our results indicate that from the overall performance perspective relatively simple policies (i.e., equal weighting and satisficing approaches) lead to higher performances than schism approaches.

Multiobjective decision making policies and coordination mechanisms in hierarchical organizations: results of an agent-based simulation

A Multi Criteria Satisficing Methodology for the Design of Energy-Efficient Buildings, MS Thesis, Arizona State University, Tempe, AZ.

Automated Design of Buildings: Need, Conceptual Approach, and Illustrative Example

(50) but surely it can't be rational to peg satisficing to the

But seriously, folks, what do people want?

Advice from others is unlikely to remedy the satisficing problem in

The false promise of risk-reducing incentive pay: evidence from executive pensions and deferred compensation

Satisficing in financial decision making - a theoretical and experimental approach to bounded rationality.

Just how important are results? Rated importance and use of outcome information versus interpersonal cues in performance evaluation

It seems clear that co-operation is facilitated by the ideal of satisficing rather than maximising.

Amy R. Poteete, Marco A. Janssen and Elinor Ostrom: Working Together: Collective Action, the Commons, and Multiple Methods in Practice

(41) Susan Corby and Celia Stanworth, "A Price Worth Paying: Women and work - choice, constraint or satisficing," Equal Opportunity International, Emerald Group Publishing 28, no.

Beyond "opting out:" dissecting the barriers affecting women's entrance and success in business

Moyer, D., Satisficing, Harvard Business Review, 85, 4, 2007, p.

An institutional perspective on foreign direct investment: a multi-level framework

Um tomador de decisao pode decidir ajustar o nivel minimo considerado adequado para satisficing se achar que um numero desconfortavelmente alto de opcoes nao conseguiu alcancar o nivel minimo de aceitabilidade (Sternberg, 2000, p.342).

O uso dos Sistemas de Suporte a Decisao (SSD) visando a melhora da qualidade do conteudo jornalistico

He also found that in practical reality people often opt for the first satisfactory choice, known as 'Satisficing'.

Are the investors really behaving badly?

In Chapter 3, we learn that the decision-making role of the firm has progressed from the neoclassical standpoint of profit maximization to sales maximization, utility maximization, and satisficing. From the Operation Research point of view, Kenneth Arrow explained that, "...

Theories of the Firm

The literature suggests that post-graduate students display patterns of satisficing behavior (1) and one would not expect to see correlated patterns of achievement.

Academic achievement differences between aerobically active versus inactive advanced degree students