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Satisficing - Wikipedia

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This is the current revision of this page, as edited by OAbot (talk | contribs) at 06:44, 13 August 2023 (Open access bot: hdl added to citation with #oabot.). The present address (URL) is a permanent link to this version. Satisficing is a decision-making strategy or cognitive heuristic that entails searching through the available alternatives until an acceptability threshold is met.[1] The term satisficing, a portmanteau of satisfy and suffice,[2] was introduced by Herbert A. Simon in 1956,[3][4] although the concept was first posited in his 1947 book Administrative Behavior.[5][6] Simon used satisficing to explain the behavior of decision makers under circumstances in which an optimal solution cannot be determined. He maintained that many natural problems are characterized by computational intractability or a lack of information, both of which preclude the use of mathematical optimization procedures. He observed in his Nobel Prize in Economics speech that "decision makers can satisfi

Satisficing - Wikipedia Jump to content From Wikipedia, the free encyclopedia Cognitive heuristic of searching for an acceptable decision 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. [ 1 ] The term satisficing , a portmanteau of satisfy and suffice , [ 2 ] was introduced by Herbert A. Simon in 1956, [ 3 ] [ 4 ] although the concept was first posited in his 1947 book Administrative Behavior . [ 5 ] [ 6 ] Simon used satisfic

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