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satisfice
(redirected from Satisficing)

    Also found in: Wikipedia 0.01 sec.
satisfice [ˈsætɪsˌfaɪs]
vb
1. (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
ThesaurusLegend:  Synonyms Related Words Antonyms
Verb1.satisfice - decide on and pursue a course of action satisfying the minimum requirements to achieve a goal; "optimization requires processes that are more complex than those needed to merely satisfice"
satisfise
act, move - perform an action, or work out or perform (an action); "think before you act"; "We must move quickly"; "The governor should act on the new energy bill"; "The nanny acted quickly by grabbing the toddler and covering him with a wet towel"
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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 by Wood, B. Dan / Presidential Studies Quarterly
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.
Theories of the Firm by Ramrattan, Lall; Szenberg, Michael / American Economist
In a similar vein, slack is deemed to make management "comfortable" by inducing satisficing behavior (Simon, 1997).
The performance implications of financial slack during economic ... by Latham, Scott F.; Braun, Michael R. / Journal of Managerial Issues
 
 
 
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