Satisficing is a decision-making strategy or cognitive heuristic that entails searching through the available alternatives until an acceptability threshold is met. This is contrasted with optimal decision making, an approach that specifically attempts to find the best alternative available. The term satisficing, a portmanteau of satisfy and suffic...
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http://en.wikipedia.org/wiki/Satisficing
Seeking or achieving a satisfactory outcome, rather than the best possible. Contrasts with the optimizing behavior usually assumed in economics and trade theory. Alternative models based on satisficing are spreading within economics, but not yet much in international.
Found on
http://www-personal.umich.edu/~alandear/glossary/s.html
A form of behaviour where individuals seek to achieve a satisfactory target with respect to their goals, but do not seek more once that level has been achieved, at least in the short run.
Found on
http://www.encyclo.co.uk/visitor-contributions.php
No exact match found.
