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Examples of satisfice
satisfice
She can never satisfice her neanderthal critics.
From the economist.com
But we know you have to have some of those things to make a company function, so as entrepreneurs we hold our noses and satisfice, feeling we've settled for some rotten compromise.
From the forbes.com
- 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"
- Satisficing, a "handy blended word combining satisfy with suffice", is a decision-making strategy that attempts to meet criteria for adequacy, rather than to identify an optimal solution. ...
- To satisfy
- (satisficing) searching for a solution that is satisfactory, though not necessarily optimal.
- (Satisficing) A planning philosophy implying a firm's intention to continue to carry on its present operations in much the same way as it has always done . See Adaptivising, Optimising.
- (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.
- (Satisficing) Settling for what is good enough instead of pushing on toward an optimal design solution that might be too difficult or costly to achieve.
- (Satisficing) Survey respondents who take shortcuts to complete the survey faster and more easily (e.g., underreporting number of brands). Also, in online research, checking off random boxes within grid questions or not thoroughly reading questions. Learn More
- (Satisficing) The strategy of aiming to produce outcomes which satisfy all stakeholder groups, rather than aiming at a single maximizing outcome for a performance indicator such as profit, which satisfies the owners alone.
