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Satisfice

vb to obtain an outcome that is good enough. Satisficing action can be contrasted with maximising action, which seeks the biggest, or with optimising action, which seeks the best.

In recent decades doubts have arise about the view that in all rational decision-making the agent seeks the best result. Instead, it is argued, it is often rational to seek to satisfice i.e. to get a good result that is good enough although not necessarily the best.

The term was introduced by Herbert A. Simon in his Models of Man 1957

The Penguin Dictionary of Philosophy
ed. Thomas Mautner
ISBN 0-14-051250-0

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