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Satisficing

Satisficing is a decision-making strategy or cognitive heuristic that entails searching through the available alternatives until an acceptability threshold is met, without necessarily maximizing any specific objective. The term satisficing, a portmanteau of satisfy and suffice, was introduced by Herbert A. Simon in 1956, although the concept was first…

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Overview

Decision-makingHeuristicMaximizingPortmanteauHerbert A. Simon
28 related topics

In decision-making research

Ecologically rationalOptimizationNormal profitsDixonDuopoly
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In survey methodology

Social cognitionJon KrosnickStatistical surveyCognitiveBias
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In personality and happiness research

MaximizingPersonalityTwin studiesOptions are vast
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In decision-making research

In personality and happiness research

In survey methodology

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Satisficing

Nodes50
Edges49
Triples106
Avg. degree1.96
Density0.04
Components1

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Satisficing

Top relations

related to Further reading · 58
Satisficing → American Economic Review, Applied Cognitive Psychology, Bearden, Byron, Cambridge University Press, Comparisons, Complex Environments, Connolly, Decision Modeling, Dixon, Donut, Essays, Ethics, Face-to-Face Interviewing, Green, Holbrook, How, Human Affairs, Huw, In Kugler
related to Endogenous aspiration levels · 14
Satisficing → An, Armen Alchian, Dixon, For, However, If, In, It, Other, The, This, UK, We, What
related to External links · 9
Satisficing → April, Choice, Cybernetics, Google, Schwartz's Tech Talk, Systems, The Paradox, Web Dictionary, Why More Is Less
related to In personality and happiness research · 6
Satisficing → Because, However, Maximizers, Some, The, This
related to In survey methodology · 6
Satisficing → As, Jon Krosnick, Respondent, Some, Strong, Weak
related to Heuristic Satisficing · 5
Satisficing → By, Heuristic, Set, Step, The
is a · 3
Satisficing → behavior which attempts to achieve at least some minimum level of a particular variable, branch of bounded rationality that views moral behavior as based on pragmatic social heuristics rather than on moral rules or optimization principles, decision-making strategy or cognitive heuristic that entails searching through the available alternatives until an acceptability threshold is met
related to In decision-making research · 2
Satisficing → Simon's, Two
related to Optimization · 2
Satisficing → As, One

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Important terminology

optimization aspiration set level economics decision optimal optimum behavior firms simon rationality options theory use decision-making cognitive maximizing one payoff

Entity relationships Subject–Predicate–Object triples

SubjectPredicateObjectConfidenceSrc
Satisficingis adecision-making strategy or cognitive heuristic that entails searching through the available alternatives until an acceptability threshold is met0.90text
Satisficingis abranch of bounded rationality that views moral behavior as based on pragmatic social heuristics rather than on moral rules or optimization principles0.90text
Satisficingis abehavior which attempts to achieve at least some minimum level of a particular variable0.90text
theinstance ofIt allows for predicting surprising effects0.80text
Satisficingrelated to Endogenous aspiration levelsWhat0.60section
Satisficingrelated to Endogenous aspiration levelsFor0.60section
Satisficingrelated to Endogenous aspiration levelsOther0.60section
Satisficingrelated to Endogenous aspiration levelsUK0.60section
Satisficingrelated to Endogenous aspiration levelsAn0.60section
Satisficingrelated to Endogenous aspiration levelsDixon0.60section
Satisficingrelated to Endogenous aspiration levelsThe0.60section
Satisficingrelated to Endogenous aspiration levelsThis0.60section

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