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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9) The developed studies offer some first evidence on the existence of a satisficing threshold.

The behavioral economics of competitive balance: Theories, findings, and implications

We counsel tolerance of noncomparative policy evaluation and satisficing under uncertainty; of rationally arbitrary decisionmaking under uncertainty; of tradeoffs that compromise simple accuracy, such as mean-variance tradeoffs and speed-accuracy tradeoffs; tolerance for agency discretion to decide which factors are relevant to the goals of statutory policy; and tolerance for agencies who possess tacit expertise acquired through experience, and who thus have reasons they cannot necessarily explain.

Thin rationality review

Employing such a multi-dimensional framework within a satisficing theory has the further advantage that one determines separate probability thresholds, since for positive consequence-bundles we want probability to be high (i.

How much risk ought we to take? Exploring the possibilities of risk-sensitive consequentialism in the context of climate engineering

Portfolio-based planners performed very well in the satisficing track and the multicore track participants were all portfolio-based.

The 2014 International Planning Competition: progress and trends

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

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

But seriously, folks, what do people want?

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

Using the theory of satisficing to evaluate the quality of survey data.

Understanding and addressing the challenges of assessing college student growth in student affairs

our brains, the larger a role satisficing and heuristics play in our

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

The main contribution of the present paper is to propose a theory that allows satisficing sellers to make "optimal" decisions without being equipped with any prior.

Satisficing and prior-free optimality in price competition

Seniors cope with discomfort in two ways: satisficing (getting something done some way even if it was inefficient) and by actively using their proactive coping skills.

It don't come easy: overcoming obstacles to technology use within a resistant consumer group