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Definition of Satisfice
1. Verb. 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"
Definition of Satisfice
1. Verb. (obsolete transitive) To satisfy. ¹
2. Verb. (context: social science of human behavior intransitive) To make a choice that suffices to fulfill the minimum requirements to achieve an objective, without special regard for utility maximization or optimization of one's preferences. ¹
¹ Source: wiktionary.com
Definition of Satisfice
1. [v -FICED, -FICING, -FICES]
Lexicographical Neighbors of Satisfice
Literary usage of Satisfice
Below you will find example usage of this term as found in modern and/or classical literature:
1. The History of the Decline and Fall of the Roman Empire by Edward Gibbon (1843)
"The date of this law (Л D. 406, May 18,) satisfice me, a» it had done Godefroy (torn.
it. p. 387), of the true year of the invasion of ..."
2. The Medical Implications of Nuclear War by Fredric Solomon, Robert Q. Marston (1986)
"Will he be able to The term satisfice, coined by Herbert A. Simon, suggests that
decision makers will not strive endlessly to reach the optimal position but ..."
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