Concept information
Preferred term
satisficing
Definition
- Satisficing takes place when an individual arrives at a decision that is good enough according to the information at hand. When a person satisfices, he or she is not necessarily arriving at the best decision but at one that is considered adequate for the achievement of the current goals. [Source: Encyclopedia of Business Ethics and Society; Satisficing]
Broader concept
Narrower concepts
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/satisficing
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