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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By using the decision-making model and understanding satisficing, decision-making becomes less confusing, although perhaps not less complicated.
Decision-making in an uncertain environment
Some common features of digital reading may make satisficing even worse for digital readers: If digital readers have searched a keyword, for example, they may satisfice by skipping to the next use of that term, a use that may not appear until several pages later.
Writing (and reading) appellate briefs in the digital age
These subjects can be said to have made decisions that were neither optimizing nor satisficing.
Seeking justice, compromising truth? Criminal admissions and the prisoner's dilemma
Simon's notion of an agent having bounded resources (limited memory, processing ability, time) and using a strategy of satisficing instead of maximising personal gain was, for four decades, drowned out by the Wall Street hymn to greed, although recent times have seen a revival of Simon's ideas in the research of Gerd Gigerenzer and others.
Amy R. Poteete, Marco A. Janssen and Elinor Ostrom: Working Together: Collective Action, the Commons, and Multiple Methods in Practice
2) See for instance: Vanessa Gash, "Sacrificing Their Careers for Their Families: An Analysis of the Penalty to Motherhood in Europe," Science + Business Media, Cathie March Centre for Census and Research; University of Manchester 93 (2009, January 17): 583; Susan Corby and Celia Stanworth, "A Price Worth Paying: Women and work - choice, constraint or satisficing,"
Beyond "opting out:" dissecting the barriers affecting women's entrance and success in business
122) Alternative theories include Simon's model of satisficing with imperfect information and Lindblom's notion of incrementalism, which saw policy develop through a series of small steps and alterations.
The work-life provisions of the a compromise of stakeholder preference
The results are consistent with a satisficing strategy by bookmakers to deal with insider information.
Expert analysis and insider information in horse race betting: regulating informed market behavior
Although firms are assumed to maximize their own profits on the market, with a large number of buyers firms actually resort to satisficing behavior, whereby organizations treat profit not as a goal to be maximized, but as a constraint (Simon, 1972).
Maximizing cooperation in a competitive environment
Satisficing behaviours of often specifically not wanting to grow too large and thereby reach maximum economic potential (i.
Analysing wellness tourism provision: a retreat operators' study
Of course, satisficing may result in outcomes that lie outside the narrow and precise predictions of formalizations grounded in rational choice.
Pontificating about Moe's pontifications
There is an element of satisficing (March & Simon, 1958) behavior, loosely defined, here where individuals take the first explanations for circumstances which seem plausible.
Human dimension in marketing research: a sense-making approach
In poor, satisficing responses, entrepreneurial services are but partially rendered, i.
Archetypes of organizational success and failure

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