Reference Entry

satisficing

John Black, Nigar Hashimzade and Gareth Myles

in A Dictionary of Economics

Third edition

Published in print January 2009 | ISBN: 9780199237043
Published online January 2009 | e-ISBN: 9780191726637
satisficing

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A decision-making strategy that aims to reach an adequate outcome rather than an optimal outcome. Examples of satisficing are charging

Reference Entry.  67 words. 

Subjects: Economics

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