satisficing

listen to the pronunciation of satisficing
English - English
A method of choosing among alternatives Minimum values or quality standards are established for all attributes affected by the alternatives All those alternatives that do not meet the minimum requirements are eliminated from consideration By successively raising the minimum requirements you can successively reduce the number of alternatives under consideration
The concept that consumers will frequently attempt to make only satisfactory decisions rather than perfect decisions because of limitations in time, information-processing ability, or appropriate facts
A theory proposed by Simon that people make choices among alternatives by selecting the first item that meets a certain threshold of acceptability (Anderson)
A procedure of systematically trading-off design objectives to deliver some specific outcome Examples: In his seminal lectures on "The sciences of the artificial" Herbert Simon (1969) notes: "Traditional engineering design methods make much more use of inequalities ­ specifications of satisfactory performance ­ than of maxima and minima So-called 'figures of merit' [see Criteria] permit comparison between designs in terms of 'better' and 'worse' but seldom provide judgement of 'best' " Simon goes on to introduce the word of satisficing to represent this process of designing to find a satisfactory ­ rather than best ­ outcome, in perfect alignment with Voltaire's admonishment "the best is the enemy of the good"
Establishing an adequate level of acceptability for a solution to a problem and then screening solutions until one that exceeds this level is found
Establishing an adequate level of acceptability for a solution to a problem and then screening solutions until one that exceeds this level is found [11]
Satisficing is a cross between "satisfying" and "sufficing" It refers to the fact that when human beings are presented with numerous choices, we usually select the first reasonable option, rather than the best option available
present participle of satisfice
A concept due to Herbert Simon which identifies the decision making process whereby one chooses an option that is, while perhaps not the best, good enough <Discussion> <References> Chris Eliasmith
Selecting the first alternative solution that meets a minimum criterion